§ 9.07. Pension and retirement plan for metropolitan teachers; voluntary transfer thereunder of city and county teachers.

The metropolitan board of public education shall establish an actuarially sound pension and retirement plan for teachers. Such plan shall be applicable to teachers employed by the metropolitan board of public education who were not employed in the county school system or the city school system immediately prior to the effective date of this Charter. Such plan shall make provision for the transfer thereunder of teachers who were employed in either the school system of the City of Nashville or the school system of Davidson County when such teachers apply for such transfer and meet conditions of transfer specified by the plan. The metropolitan board of public education is authorized in its discretion to integrate its pension and retirement plan for teachers with the Federal Insurance Contributions Act, or other applicable state or federal legislation.