8-37-302 - Amount of total employer contribution.
8-37-302. Amount of total employer contribution.
The contributions of the employer for benefits under the retirement system on account of each member classification shall consist of:
(1) A percentage of the earnable compensation of the members to be known as the normal contribution;
(2) An additional percentage of the earnable compensation of the members to be known as the accrued liability contribution; and
(3) The amount of the penalty assessed against the employer.
[Acts 1972, ch. 814, § 8; 1974, ch. 788, § 7; 1978, ch. 741, § 4; T.C.A., § 8-3930(2).]