8-36-102 - Limitation on amount of retirement allowance.
8-36-102. Limitation on amount of retirement allowance.
Notwithstanding any provision of the law to the contrary, no retirement allowance payable to any member retiring under the provisions of the consolidated retirement system or any superseded system after June 30, 1975, shall exceed the average final compensation or benefit base of such member; provided, that the provisions of this section shall not be construed to prevent any increase in retirement allowance of such member in excess of the final average compensation or benefit base when such increase is in accordance with § 8-36-701.
[Acts 1975, ch. 315, § 7; T.C.A., § 8-3951.]