Section 1240-06-16-.02 - RETIREMENT BENEFITS ELIGIBILITY(1) Pursuant to a majority vote of all licensed managers, vending machine income received by the Agency which is not payable to licensed managers as provided in 34 C.F.R. § 395.8 shall be used in accordance with 34 C.F.R. § 395.9 to provide a retirement plan for all licensed, permanently assigned vending facility managers. Managers who are not permanently assigned and who have established transfer or demotion eligibility shall continue to receive the retirement benefits if there is an accrual of seniority in accordance with chapter 1240-6-5-.06(3). Licensed managers who are temporarily assigned shall not receive such benefitsTenn. Comp. R. & Regs. 1240-06-16-.02
Original rule filed April 8, 2005; effective June 22, 2005.Authority: T.C.A. §§ 4-5-201 et seq., 71-1-105(12), 71-1-503, 71-4-509, and 71-4-604; 34 C.F.R. § 395.