The board shall cause an investigation to be made of the mortality, service and salary experience of state employees on the basis of which it shall adopt such mortality and service tables for state employees as are necessary for the administration and carrying on of the retirement system. On the basis of such tables the board shall prescribe the rates of contributions payable by employers pursuant to the provisions of this chapter and chapter 35 of this title.Acts 1947, ch. 231, § 4; C. Supp. 1950, § 1034.68 (Williams, § 1034.40); Acts 1957, ch. 373, § 3.
Tennessee Legal Code