O.C.G.A. § 47-1-4 — GA Code / Title 47 / Chapter 1 / Section 47-1-4
Georgia Code Title 47. Retirement and Pensions § 47-1-4
Status: in_force

Based on the most recent actuarial investigations on file pursuant to subsection (d) of Code Section 47-1-3 and financial reports submitted under subsections (e) through (j) of Code Section 47-1-3 , the state auditor, once every two years beginning on January 1, 1997, shall submit a report on the condition of local retirement systems to the Governor and each member of the General Assembly. The report shall deal specifically with any local retirement system which the state auditor has reason to believe is not in actuarially sound condition or has not been in compliance with the provisions of Code Section 47-1-12 . A copy of the state auditor's report shall also be sent to the Attorney General and to the applicable governing authority of the political subdivision and the applicable board of trustees or other governing authority of the local retirement system which the state auditor finds is not in actuarially sound condition or has not been in compliance with the provisions of Article 7 of Chapter 20 of this title.
O.C.G.A. § 47-8-42 — GA Code / Title 47 / Chapter 8 / Section 47-8-42
Georgia Code Title 47. Retirement and Pensions § 47-8-42
Status: in_force

No judge shall be eligible for benefits under this chapter unless he has qualified under one of the following provisions:

(1) Retirement at two-thirds' the salary paid to superior court judges: (A) Any judge of a superior court of this state who is in at least his nineteenth year of service as a judge of the superior court computed as provided in this chapter; or (B) Any judge of a superior court already in service for 19 years on March 9, 1945, as a judge of a superior court and who is still in service as such officer.

(1) Retirement at two-thirds' the salary paid to superior court judges:

(A) Any judge of a superior court of this state who is in at least his nineteenth year of service as a judge of the superior court computed as provided in this chapter; or

(A) Any judge of a superior court of this state who is in at least his nineteenth year of service as a judge of the superior court computed as provided in this chapter; or

(B) Any judge of a superior court already in service for 19 years on March 9, 1945, as a judge of a superior court and who is still in service as such officer.

(B) Any judge of a superior court already in service for 19 years on March 9, 1945, as a judge of a superior court and who is still in service as such officer.

(2) Retirement at one-half of the salary paid to superior court judges: (A) Any judge of a superior court of this state who has attained the age of 65 years and who has completed ten years of actual service as a judge of a superior court; or (B) Any judge of a superior court who has been in service as a judge of a superior court for at least ten years and who becomes disabled from continuing his duties as judge of the superior court, who shall have attained the age of 62 years, satisfactory evidence of such disability having been presented to the board of trustees and a recommendation of appointment having been made by a majority of the board.

(2) Retirement at one-half of the salary paid to superior court judges:

(A) Any judge of a superior court of this state who has attained the age of 65 years and who has completed ten years of actual service as a judge of a superior court; or

(A) Any judge of a superior court of this state who has attained the age of 65 years and who has completed ten years of actual service as a judge of a superior court; or

(B) Any judge of a superior court who has been in service as a judge of a superior court for at least ten years and who becomes disabled from continuing his duties as judge of the superior court, who shall have attained the age of 62 years, satisfactory evidence of such disability having been presented to the board of trustees and a recommendation of appointment having been made by a majority of the board.

(B) Any judge of a superior court who has been in service as a judge of a superior court for at least ten years and who becomes disabled from continuing his duties as judge of the superior court, who shall have attained the age of 62 years, satisfactory evidence of such disability having been presented to the board of trustees and a recommendation of appointment having been made by a majority of the board.
O.C.G.A. § 47-16-22 — GA Code / Title 47 / Chapter 16 / Section 47-16-22
Georgia Code Title 47. Retirement and Pensions § 47-16-22
Status: in_force

(a) Three members of the board shall constitute a quorum for the conduct of business by the board.

(a) Three members of the board shall constitute a quorum for the conduct of business by the board.

(b) The board shall keep records of all its meetings.

(b) The board shall keep records of all its meetings.
O.C.G.A. § 47-23-65 — GA Code / Title 47 / Chapter 23 / Section 47-23-65
Georgia Code Title 47. Retirement and Pensions § 47-23-65
Status: in_force

Any superior court judge or district attorney who is an active member of this retirement system may receive up to five years of creditable service for his or her past service as a circuit-paid assistant district attorney who was not eligible to participate in a local retirement plan upon payment to the board of trustees of an amount which will allow such creditable service without creating any accrued actuarial unfunded liability as to this retirement system. Any member desiring such creditable service shall make application to the board of trustees in such form as the board deems appropriate, provide such proof of eligible prior service as the board deems necessary, and make full payment not later than December 31, 2008, or within six months of first or again becoming a member, whichever is later. No creditable service shall be allowed under this Code section for any period of employment for which creditable service is allowed under any provision of any other retirement or pension system of this state or of any political subdivision of this state.
O.C.G.A. § 47-16-84 — GA Code / Title 47 / Chapter 16 / Section 47-16-84
Georgia Code Title 47. Retirement and Pensions § 47-16-84
Status: in_force

(a) Anything in this chapter to the contrary notwithstanding, any member who, prior to becoming a member, was appointed to fill an anticipated vacancy in the office of sheriff and who served in that capacity shall be eligible for and, upon application, shall receive service credit for such service.

(a) Anything in this chapter to the contrary notwithstanding, any member who, prior to becoming a member, was appointed to fill an anticipated vacancy in the office of sheriff and who served in that capacity shall be eligible for and, upon application, shall receive service credit for such service.

(b) Any such member shall give written notice to the secretary-treasurer of his claim for credit for such service, together with an amendment to his application for membership, in such form as may be approved by the board. The amendment shall list all such periods of service for which he intends to claim credit as a basis for his future retirement. The notice and amendment shall be filed prior to August 31, 1992, or within the first 30 days of any new term of office of such member.

(b) Any such member shall give written notice to the secretary-treasurer of his claim for credit for such service, together with an amendment to his application for membership, in such form as may be approved by the board. The amendment shall list all such periods of service for which he intends to claim credit as a basis for his future retirement. The notice and amendment shall be filed prior to August 31, 1992, or within the first 30 days of any new term of office of such member.

(c) At the time such member gives written notification to the secretary-treasurer, such member must also tender payment of all amounts due under paragraph (5) of Code Section 47-16-40 for the service listed in the amendment to his application for membership, together with interest on such amounts at 8 percent per annum from the date of acceptance of his original membership.

(c) At the time such member gives written notification to the secretary-treasurer, such member must also tender payment of all amounts due under paragraph (5) of Code Section 47-16-40 for the service listed in the amendment to his application for membership, together with interest on such amounts at 8 percent per annum from the date of acceptance of his original membership.

(d) Service credit granted pursuant to this Code section shall be deemed to be service as a qualified and commissioned sheriff of a county in the State of Georgia for purposes of eligibility for retirement benefits provided in Code Section 47-16-100 ; provided, however, that for purposes of such Code section, such service shall be deemed performed after July 1, 1988.

(d) Service credit granted pursuant to this Code section shall be deemed to be service as a qualified and commissioned sheriff of a county in the State of Georgia for purposes of eligibility for retirement benefits provided in Code Section 47-16-100 ; provided, however, that for purposes of such Code section, such service shall be deemed performed after July 1, 1988.
O.C.G.A. § 47-17-100 — GA Code / Title 47 / Chapter 17 / Section 47-17-100
Georgia Code Title 47. Retirement and Pensions § 47-17-100
Status: in_force

The provisions of this chapter relating to benefits and annuities shall not become operative until after the funds necessary to carry out this chapter have been provided. All claims for annuities or benefits arising before such funds are made available shall not be covered by this chapter; and the board is directed not to pay any annuities or benefits based upon any such claim; but, for the purpose of computing the length of service under this chapter, the board shall be authorized to include the period of time elapsing between February 1, 1950, and the date that it becomes operative.
O.C.G.A. § 47-4-100 — GA Code / Title 47 / Chapter 4 / Section 47-4-100
Georgia Code Title 47. Retirement and Pensions § 47-4-100
Status: in_force

(a) The normal retirement date of a member shall be the first day of the month coinciding with or next following the date he or she reaches the age of 65, except that the normal retirement date of a member who is age 64 or over on January 1, 1970, shall be January 1, 1971. A member shall retire on his or her normal retirement date except as otherwise provided in subsection (c) of this Code section.

(a) The normal retirement date of a member shall be the first day of the month coinciding with or next following the date he or she reaches the age of 65, except that the normal retirement date of a member who is age 64 or over on January 1, 1970, shall be January 1, 1971. A member shall retire on his or her normal retirement date except as otherwise provided in subsection (c) of this Code section.

(b) The early retirement date of a member shall be the first day of the month coinciding with or next following the date he or she attains the age of 60. A member may elect to retire at his or her early retirement date and receive the retirement benefit provided by subsection (d) of Code Section 47-4-101 .

(b) The early retirement date of a member shall be the first day of the month coinciding with or next following the date he or she attains the age of 60. A member may elect to retire at his or her early retirement date and receive the retirement benefit provided by subsection (d) of Code Section 47-4-101 .

(c) The right to a retirement benefit under this chapter shall vest in a member who has ten or more years of creditable service if the member has not withdrawn the member's contributions. Except as otherwise provided in Article 2 of Chapter 1 of this title, a member's accumulated contributions shall be 100 percent vested and nonforfeitable at all times. A member shall be 100 percent vested in all benefits under the plan upon attainment of normal retirement age. Upon attaining the member's normal retirement age or the member's early retirement age, the member shall begin receiving the appropriate retirement benefit provided by Code Section 47-4-101 .

(c) The right to a retirement benefit under this chapter shall vest in a member who has ten or more years of creditable service if the member has not withdrawn the member's contributions. Except as otherwise provided in Article 2 of Chapter 1 of this title, a member's accumulated contributions shall be 100 percent vested and nonforfeitable at all times. A member shall be 100 percent vested in all benefits under the plan upon attainment of normal retirement age. Upon attaining the member's normal retirement age or the member's early retirement age, the member shall begin receiving the appropriate retirement benefit provided by Code Section 47-4-101 .
O.C.G.A. § 47-1-80 — GA Code / Title 47 / Chapter 1 / Section 47-1-80
Georgia Code Title 47. Retirement and Pensions § 47-1-80
Status: in_force

Notwithstanding any other provision of this title to the contrary, distributions from any public retirement or pension system shall conform to a good-faith interpretation of Section 401(a)(9) of the federal Internal Revenue Code and the regulations promulgated pursuant to such section as applicable to a governmental plan within the meaning of Section 414(d) of the federal Internal Revenue Code and shall be implemented in accordance with the grandfathering provisions of such regulations applicable to annuity option distributions in effect on April 17, 2001.
O.C.G.A. § 47-2-93 — GA Code / Title 47 / Chapter 2 / Section 47-2-93
Georgia Code Title 47. Retirement and Pensions § 47-2-93
Status: in_force

Any other provisions of this law to the contrary notwithstanding, any member of this retirement system who received compensation from the state for services rendered by him after December 31, 1953, but who did not become a member until a later date, may receive credit for any service rendered after December 31, 1953, and before the date he became a member of this retirement system by paying the employee contributions that would have been paid by him if he had been a member during that time. No such credit shall be given except for full-time state employment. The board of trustees is authorized to promulgate rules and regulations necessary to carry out this Code section.
O.C.G.A. § 47-16-103 — GA Code / Title 47 / Chapter 16 / Section 47-16-103
Georgia Code Title 47. Retirement and Pensions § 47-16-103
Status: in_force

(a) Any member may withdraw the total sum which he has paid into the fund as membership dues at any time before retirement or before he begins to draw retirement benefits. No interest shall be paid on amounts so withdrawn.

(a) Any member may withdraw the total sum which he has paid into the fund as membership dues at any time before retirement or before he begins to draw retirement benefits. No interest shall be paid on amounts so withdrawn.

(b) Membership shall cease upon withdrawal of dues under subsection (a) of this Code section. No person who so withdraws his dues shall be eligible to again become a member or to receive any benefits under this chapter, provided that any prior member who, before January 1, 1982, has withdrawn the total sums which he has paid into the fund may be reinstated as a member by meeting the following requirements: (1) He may claim credit for all prior service as a sheriff by tendering payment of all dues which he would have paid had he been a member of the fund, together with interest on such amount at 8 percent per annum and such reasonable penalty as may be imposed by the board, provided that in no event shall any sheriff who rejoins the fund under this subsection be permitted to claim credit for any prior service as a peace officer, except sheriff, or as a member of the armed forces of the United States; and (2) The application for reinstatement is filed with the secretary-treasurer on or before June 30, 1982.

(b) Membership shall cease upon withdrawal of dues under subsection (a) of this Code section. No person who so withdraws his dues shall be eligible to again become a member or to receive any benefits under this chapter, provided that any prior member who, before January 1, 1982, has withdrawn the total sums which he has paid into the fund may be reinstated as a member by meeting the following requirements:

(1) He may claim credit for all prior service as a sheriff by tendering payment of all dues which he would have paid had he been a member of the fund, together with interest on such amount at 8 percent per annum and such reasonable penalty as may be imposed by the board, provided that in no event shall any sheriff who rejoins the fund under this subsection be permitted to claim credit for any prior service as a peace officer, except sheriff, or as a member of the armed forces of the United States; and

(1) He may claim credit for all prior service as a sheriff by tendering payment of all dues which he would have paid had he been a member of the fund, together with interest on such amount at 8 percent per annum and such reasonable penalty as may be imposed by the board, provided that in no event shall any sheriff who rejoins the fund under this subsection be permitted to claim credit for any prior service as a peace officer, except sheriff, or as a member of the armed forces of the United States; and

(2) The application for reinstatement is filed with the secretary-treasurer on or before June 30, 1982.

(2) The application for reinstatement is filed with the secretary-treasurer on or before June 30, 1982.
O.C.G.A. § 47-22-6 — GA Code / Title 47 / Chapter 22 / Section 47-22-6
Georgia Code Title 47. Retirement and Pensions § 47-22-6
Status: in_force

The Attorney General shall be the legal adviser of the board.
O.C.G.A. § 47-14-1 — GA Code / Title 47 / Chapter 14 / Section 47-14-1
Georgia Code Title 47. Retirement and Pensions § 47-14-1
Status: in_force

As used in this chapter, the term:

(1) “Board” means the Board of Commissioners of the Superior Court Clerks' Retirement Fund of Georgia established under Code Section 47-14-20 .

(1) “Board” means the Board of Commissioners of the Superior Court Clerks' Retirement Fund of Georgia established under Code Section 47-14-20 .

(2) “Clerk” means: (A) A clerk of the superior court; or (B) A clerk of a state court, where the clerk of such state court is someone other than the clerk of the superior court.

(2) “Clerk” means:

(A) A clerk of the superior court; or

(A) A clerk of the superior court; or

(B) A clerk of a state court, where the clerk of such state court is someone other than the clerk of the superior court.

(B) A clerk of a state court, where the clerk of such state court is someone other than the clerk of the superior court.

(3) “Deputy clerk” means: (A) A deputy of a clerk of the superior court, appointed under Code Section 15-6-59 ; or (B) A deputy clerk of a state court appointed as provided by law.

(3) “Deputy clerk” means:

(A) A deputy of a clerk of the superior court, appointed under Code Section 15-6-59 ; or

(A) A deputy of a clerk of the superior court, appointed under Code Section 15-6-59 ; or

(B) A deputy clerk of a state court appointed as provided by law.

(B) A deputy clerk of a state court appointed as provided by law.

(4) “Fund” means the Superior Court Clerks' Retirement Fund of Georgia.

(4) “Fund” means the Superior Court Clerks' Retirement Fund of Georgia.

(5) “Member” means a member of the Superior Court Clerks' Retirement Fund of Georgia.

(5) “Member” means a member of the Superior Court Clerks' Retirement Fund of Georgia.
O.C.G.A. § 47-2-356 — GA Code / Title 47 / Chapter 2 / Section 47-2-356
Georgia Code Title 47. Retirement and Pensions § 47-2-356
Status: in_force

(a) For purposes of calculating a survivor's benefit, any member who has at least 15 years of creditable service and who dies in service before becoming eligible for a service retirement shall be deemed to be eligible to retire forthwith without regard to age and to receive the equivalent of a service retirement allowance calculated upon the number of years of creditable service attained to the date of retirement and based upon his or her highest average monthly compensation during a period of 24 consecutive calendar months while a member of the retirement system. Any member who dies in service after becoming eligible for a service retirement shall be deemed to be eligible to retire forthwith to receive a service retirement allowance.

(a) For purposes of calculating a survivor's benefit, any member who has at least 15 years of creditable service and who dies in service before becoming eligible for a service retirement shall be deemed to be eligible to retire forthwith without regard to age and to receive the equivalent of a service retirement allowance calculated upon the number of years of creditable service attained to the date of retirement and based upon his or her highest average monthly compensation during a period of 24 consecutive calendar months while a member of the retirement system. Any member who dies in service after becoming eligible for a service retirement shall be deemed to be eligible to retire forthwith to receive a service retirement allowance.

(b) In the application of this subsection to death allowances, computations of retirement allowances shall be made on the same basis as though option two had been in effect. In lieu of the amount of death allowance otherwise payable to the beneficiary under option two, the member, upon written request, may at any time elect a reduced level death allowance of equivalent actuarial value, which allowance is payable to the beneficiary during a period of years certain or to the estate of the beneficiary and during the lifetime of such named beneficiary thereafter. At the election of the member, in case of death of the beneficiary during a term of years certain, the balance of the years certain payments may be paid to the estate of the member; but if such beneficiary predeceases the member, the total amount of the member's contributions to the date of his or her death shall be payable to the member's estate. The method of determining the equivalent actuarial value shall be consistent with the actuarial method of determining the beneficiary's death allowance under option two.

(b) In the application of this subsection to death allowances, computations of retirement allowances shall be made on the same basis as though option two had been in effect. In lieu of the amount of death allowance otherwise payable to the beneficiary under option two, the member, upon written request, may at any time elect a reduced level death allowance of equivalent actuarial value, which allowance is payable to the beneficiary during a period of years certain or to the estate of the beneficiary and during the lifetime of such named beneficiary thereafter. At the election of the member, in case of death of the beneficiary during a term of years certain, the balance of the years certain payments may be paid to the estate of the member; but if such beneficiary predeceases the member, the total amount of the member's contributions to the date of his or her death shall be payable to the member's estate. The method of determining the equivalent actuarial value shall be consistent with the actuarial method of determining the beneficiary's death allowance under option two.
O.C.G.A. § 47-17-103 — GA Code / Title 47 / Chapter 17 / Section 47-17-103
Georgia Code Title 47. Retirement and Pensions § 47-17-103
Status: in_force

The right to any pension, annuity, allowance, or benefit; to the return of contributions; to a pension, annuity, allowance or benefit itself; to any optional benefit, or any other right accrued or accruing to any person under this chapter; and to moneys under this chapter shall be exempt from any tax imposed by this state, county, municipal, or other political subdivision, except as provided in Code Section 48-7-27 ; exempt from levy and sale, garnishment, attachment, or any other process whatsoever; and shall be unassignable unless otherwise specifically provided for in this chapter.
O.C.G.A. § 47-17-25 — GA Code / Title 47 / Chapter 17 / Section 47-17-25
Georgia Code Title 47. Retirement and Pensions § 47-17-25
Status: in_force

The state auditor is authorized and directed to make an annual audit of the acts and doings of the board and to make a complete report of the same to the General Assembly. The state auditor shall not be required to distribute copies of the report to the members of the General Assembly but shall notify the members of the availability of the report in the manner which he or she deems to be most effective and efficient. The report shall disclose all moneys received by the board and all its expenditures including administrative expenses and payments made as annuities and benefits. The state auditor shall also make an audit of affairs of the board at any time he or she is requested to do so by a majority of the board.
O.C.G.A. § 47-2-242 — GA Code / Title 47 / Chapter 2 / Section 47-2-242
Georgia Code Title 47. Retirement and Pensions § 47-2-242
Status: in_force

All eligible officers and employees of the Supreme Court, except the Justices, shall be subject to a merit system of personnel administration as promulgated by the Supreme Court, under which all such officers and employees shall be selected on a basis of merit, fitness, and efficiency. All such officers and employees are authorized to become members of the retirement system. All contributions required by this chapter shall be paid from funds appropriated for the operation of the Supreme Court and all such payments shall be in addition to the regular compensation allowed to such officers and employees.
O.C.G.A. § 47-5-27 — GA Code / Title 47 / Chapter 5 / Section 47-5-27
Georgia Code Title 47. Retirement and Pensions § 47-5-27
Status: in_force

The administrative expenses of the board of trustees, including all operational expenses, fees, compensation, and other costs, shall be paid from funds held by it and may be chargeable by it to either principal or income or both, as determined by it, as of any valuation date. Further, the board of trustees shall have the authority to allocate expenses among member municipalities on the basis of costs. Administrative expenses for the first year of operation may be assessed against first year contributions in proportion to the number of participating employees.
O.C.G.A. § 47-11-90 — GA Code / Title 47 / Chapter 11 / Section 47-11-90
Georgia Code Title 47. Retirement and Pensions § 47-11-90
Status: in_force

If the board determines that the funds derived from the sources provided for in this chapter are not actuarially sufficient at any time to enable the board to pay in full each person determined to be entitled to the benefits provided for, plus all contingent and other liabilities, then a prorated percentage of such payments shall be made to each person entitled thereto until the funds shall be replenished actuarially sufficiently to enable the board to resume such payments in accordance with the terms of this chapter. In no event shall the board or any member thereof be liable to any person for any deficiency in payments made under this Code section.
O.C.G.A. § 47-4-24 — GA Code / Title 47 / Chapter 4 / Section 47-4-24
Georgia Code Title 47. Retirement and Pensions § 47-4-24
Status: in_force

The Attorney General shall be the legal adviser of the board.
O.C.G.A. § 47-25-100 — GA Code / Title 47 / Chapter 25 / Section 47-25-100
Georgia Code Title 47. Retirement and Pensions § 47-25-100
Status: in_force

If the board determines that the funds derived from the sources provided for in this chapter are not actuarially sufficient at any time to enable the board to pay in full each person determined to be entitled to the benefits provided for, plus all contingent and other liabilities, then a prorated percentage of such payments shall be made to each person entitled thereto until the funds shall be replenished actuarially sufficient to enable the board to resume such payments in accordance with the terms of this chapter. In no event shall the board or any member thereof be liable to any person for any deficiency in payments made under this Code section.
O.C.G.A. § 47-2-313 — GA Code / Title 47 / Chapter 2 / Section 47-2-313
Georgia Code Title 47. Retirement and Pensions § 47-2-313
Status: in_force

All eligible officers and employees of the Jekyll Island-State Park Authority shall be subject to a merit system of personnel administration as promulgated by that authority and under which all such officers and employees shall be selected on a basis of merit, fitness, and efficiency. All such officers and employees, except as otherwise provided in this Code section, are authorized to become members of the retirement system, provided that such membership shall become effective no earlier than April 1, 1958; provided, further, that any officer or employee of the authority who is already a member of the retirement system shall be entitled to credit for his total service with the authority. All specially classified maintenance and food service employees of the authority hired on or after July 1, 1987, and paid on an hourly basis shall not be members of the retirement system and shall not be included under the health insurance plan for state employees as provided for in Article 1 of Chapter 18 of Title 45. There shall be paid from the funds appropriated for the operation of the Jekyll Island-State Park Authority all contributions required by this chapter. All such payments shall be in addition to the regular compensation allowed to such officers and employees.
O.C.G.A. § 47-8-4 — GA Code / Title 47 / Chapter 8 / Section 47-8-4
Georgia Code Title 47. Retirement and Pensions § 47-8-4
Status: in_force

The trustees of this fund shall have authority to invest any of the moneys received under this chapter in such manner as funds of the Employees' Retirement System of Georgia are invested and reinvested.
O.C.G.A. § 47-5-42 — GA Code / Title 47 / Chapter 5 / Section 47-5-42
Georgia Code Title 47. Retirement and Pensions § 47-5-42
Status: in_force

(a) Each member employer that has adopted a plan for the provision of retirement benefits or employee benefits under Code Section 47-5-40 is authorized in its plan and contract to include such provisions as are necessary for the development of a suitable plan, which provisions shall be subject to the approval of the board of trustees, including, but not limited to, the following: (1) Minimum age at entry into its plan; (2) Minimum years of service at entry into its plan; (3) Maximum years of service credit allowable; (4) Provisions relating to separation and return to employment; (5) Types of benefits to be provided; (6) Types of vesting provisions, if any, to be provided; (7) Types of disability retirement provisions, if any, to be provided; (8) Minimum years of required participation in the plan; (9) Provisions relating to benefits for part-time employment; and (10) Any other provisions necessary, incidental, or helpful in providing the intended benefits.

(a) Each member employer that has adopted a plan for the provision of retirement benefits or employee benefits under Code Section 47-5-40 is authorized in its plan and contract to include such provisions as are necessary for the development of a suitable plan, which provisions shall be subject to the approval of the board of trustees, including, but not limited to, the following:

(1) Minimum age at entry into its plan;

(1) Minimum age at entry into its plan;

(2) Minimum years of service at entry into its plan;

(2) Minimum years of service at entry into its plan;

(3) Maximum years of service credit allowable;

(3) Maximum years of service credit allowable;

(4) Provisions relating to separation and return to employment;

(4) Provisions relating to separation and return to employment;

(5) Types of benefits to be provided;

(5) Types of benefits to be provided;

(6) Types of vesting provisions, if any, to be provided;

(6) Types of vesting provisions, if any, to be provided;

(7) Types of disability retirement provisions, if any, to be provided;

(7) Types of disability retirement provisions, if any, to be provided;

(8) Minimum years of required participation in the plan;

(8) Minimum years of required participation in the plan;

(9) Provisions relating to benefits for part-time employment; and

(9) Provisions relating to benefits for part-time employment; and

(10) Any other provisions necessary, incidental, or helpful in providing the intended benefits.

(10) Any other provisions necessary, incidental, or helpful in providing the intended benefits.

(b) The board of trustees is authorized to reject any contract provision which it determines to be actuarially unsound or which it determines would create an undue administrative burden.

(b) The board of trustees is authorized to reject any contract provision which it determines to be actuarially unsound or which it determines would create an undue administrative burden.
O.C.G.A. § 47-2-50 — GA Code / Title 47 / Chapter 2 / Section 47-2-50
Georgia Code Title 47. Retirement and Pensions § 47-2-50
Status: in_force

All the assets of the retirement system shall be credited, according to the purpose for which they are held, among three funds, to be known as the “annuity savings fund,” the “pension accumulation fund,” and the “expense fund.”
O.C.G.A. § 47-25-24 — GA Code / Title 47 / Chapter 25 / Section 47-25-24
Georgia Code Title 47. Retirement and Pensions § 47-25-24
Status: in_force

The board may take, by gift, grant, or bequest, any money, real or personal property, or any other thing of value and may hold or invest it for the use and purposes of the fund in accordance with this chapter.
O.C.G.A. § 47-11-42 — GA Code / Title 47 / Chapter 11 / Section 47-11-42
Georgia Code Title 47. Retirement and Pensions § 47-11-42
Status: in_force

Any member who has been in arrears in the payment of dues required by Code Section 47-11-40 or the portion of the collected revenues required to be paid to the fund by Article 4 of this chapter for a period of 90 days shall be suspended from membership effective on the ninetieth day of such arrearage. Such member may apply for reinstatement as an active member only during the 30 day period beginning with his or her next full term of office, and such member shall not receive service credit for such period of suspension.
O.C.G.A. § 47-23-47 — GA Code / Title 47 / Chapter 23 / Section 47-23-47
Georgia Code Title 47. Retirement and Pensions § 47-23-47
Status: in_force

The board of trustees shall transfer to the Employees' Retirement System of Georgia all contributions made to the fund by a member who transfers to the Employees' Retirement System of Georgia; and The Council of Superior Court Judges of Georgia, The Council of State Court Judges of Georgia, the Council of Juvenile Court Judges, and the Prosecuting Attorneys' Council of the State of Georgia, as appropriate, are authorized and directed to pay from the funds appropriated or otherwise available an additional amount equal to the 5 percent contribution of such member plus an additional 20 percent of the contribution, so that the state contribution shall be in accordance with the Employees' Retirement System of Georgia.
O.C.G.A. § 47-4-22 — GA Code / Title 47 / Chapter 4 / Section 47-4-22
Georgia Code Title 47. Retirement and Pensions § 47-4-22
Status: in_force

(a) The board shall be composed of all members of the Board of Trustees of the Employees' Retirement System of Georgia and two additional members appointed by the Governor. The first two members appointed by the Governor shall be appointed to take office on July 1, 1984. One of such members shall be appointed for an initial term of two years and the other for an initial term of four years and until their successors are appointed and qualified. Thereafter, successors shall be appointed to take office on the date of the expiration of the respective terms of office for terms of four years and until their successors are appointed and qualified. In the event of a vacancy for any reason in the membership of the board appointed by the Governor, the Governor shall appoint a person to fill the vacancy for the unexpired term.

(a) The board shall be composed of all members of the Board of Trustees of the Employees' Retirement System of Georgia and two additional members appointed by the Governor. The first two members appointed by the Governor shall be appointed to take office on July 1, 1984. One of such members shall be appointed for an initial term of two years and the other for an initial term of four years and until their successors are appointed and qualified. Thereafter, successors shall be appointed to take office on the date of the expiration of the respective terms of office for terms of four years and until their successors are appointed and qualified. In the event of a vacancy for any reason in the membership of the board appointed by the Governor, the Governor shall appoint a person to fill the vacancy for the unexpired term.

(b) The members of the board shall each receive $20.00 per day for each day of attending meetings of the board or for any committee meetings called pursuant to authorization of the board and for time spent in necessary travel. The trustees shall be reimbursed for all actual traveling and other expenses necessarily incurred through service on the board. State officials serving on the board shall receive no per diem but shall be entitled to reimbursement for actual expenses incurred by them in carrying out their duties under this chapter.

(b) The members of the board shall each receive $20.00 per day for each day of attending meetings of the board or for any committee meetings called pursuant to authorization of the board and for time spent in necessary travel. The trustees shall be reimbursed for all actual traveling and other expenses necessarily incurred through service on the board. State officials serving on the board shall receive no per diem but shall be entitled to reimbursement for actual expenses incurred by them in carrying out their duties under this chapter.

(c) Six members at any meeting of the board shall constitute a quorum to transact business. Each member shall be entitled to one vote and five votes shall be necessary for a decision by the board.

(c) Six members at any meeting of the board shall constitute a quorum to transact business. Each member shall be entitled to one vote and five votes shall be necessary for a decision by the board.

(d) The chairman, secretary, and treasurer of the board shall be the same as the chairman, director, and treasurer of the Board of Trustees of the Employees' Retirement System of Georgia.

(d) The chairman, secretary, and treasurer of the board shall be the same as the chairman, director, and treasurer of the Board of Trustees of the Employees' Retirement System of Georgia.
O.C.G.A. § 47-4-23 — GA Code / Title 47 / Chapter 4 / Section 47-4-23
Georgia Code Title 47. Retirement and Pensions § 47-4-23
Status: in_force

The members of the board, and each of them, shall be free from all liability, joint or several, for their acts, omissions, and conduct and for the acts, omissions, and conduct of their duly constituted agents in the administration of the retirement system and the fund. The state shall indemnify and save them, and each of them, harmless from the effects and consequences of their acts, omissions, and conduct in their official capacity, except to the extent that such effects and consequences shall result from their own willful misconduct.
O.C.G.A. § 47-3-126 — GA Code / Title 47 / Chapter 3 / Section 47-3-126
Georgia Code Title 47. Retirement and Pensions § 47-3-126
Status: in_force

The board of trustees is authorized to adopt a method of providing postretirement benefit adjustments for a beneficiary in his postretirement years. Such method of adjustment may result in the adoption by the board of trustees of a method of financing other than that described in paragraphs (1) through (3) of Code Section 47-3-43 and shall be based upon:

(1) Recommendation of the actuaries for the board of trustees; and

(1) Recommendation of the actuaries for the board of trustees; and

(2) Maintaining the actuarial soundness of the system.

(2) Maintaining the actuarial soundness of the system.

The board of trustees may specify a minimum age which a beneficiary must have attained in order to be eligible for the postretirement benefit adjustment.
O.C.G.A. § 47-17-40 — GA Code / Title 47 / Chapter 17 / Section 47-17-40
Georgia Code Title 47. Retirement and Pensions § 47-17-40
Status: reserved

(a) In order to obtain membership in the fund, a peace officer shall make application to the board upon an application form to be furnished by it for that purpose. It shall be the duty of the employing authority to notify the board within 30 days from the date a peace officer is employed, furnishing the name and mailing address of such peace officer. The board shall furnish an application form to such peace officer within 15 days after such notification. The application form shall be accompanied by such material and information as will enable the peace officer to determine the benefits to be derived by virtue of said peace officer's membership in the fund. An applicant must furnish proof of the date of such applicant's birth, and such proof shall be in such form as shall be required by the board.

(a) In order to obtain membership in the fund, a peace officer shall make application to the board upon an application form to be furnished by it for that purpose. It shall be the duty of the employing authority to notify the board within 30 days from the date a peace officer is employed, furnishing the name and mailing address of such peace officer. The board shall furnish an application form to such peace officer within 15 days after such notification. The application form shall be accompanied by such material and information as will enable the peace officer to determine the benefits to be derived by virtue of said peace officer's membership in the fund. An applicant must furnish proof of the date of such applicant's birth, and such proof shall be in such form as shall be required by the board.

(b) Reserved.

(b) Reserved.

(c) In addition to the requirements stated in this Code section, an application for membership shall contain such other information as may be required by the board.

(c) In addition to the requirements stated in this Code section, an application for membership shall contain such other information as may be required by the board.
O.C.G.A. § 47-2-165 — GA Code / Title 47 / Chapter 2 / Section 47-2-165
Georgia Code Title 47. Retirement and Pensions § 47-2-165
Status: in_force

Anything in this chapter to the contrary notwithstanding, the payment of a member's retirement allowances shall not be suspended because of the compensation, per diem, allowances, and expenses received by him as an elected member of the General Assembly.
O.C.G.A. § 47-4-1 — GA Code / Title 47 / Chapter 4 / Section 47-4-1
Georgia Code Title 47. Retirement and Pensions § 47-4-1
Status: in_force

This chapter shall be known and may be cited as the “Public School Employees Retirement System Act.”
O.C.G.A. § 47-17-101 — GA Code / Title 47 / Chapter 17 / Section 47-17-101
Georgia Code Title 47. Retirement and Pensions § 47-17-101
Status: in_force

All rights and benefits under this chapter shall be subject to future legislative change or revision, and no beneficiary shall be deemed to have any vested right to any annuities or benefits under this chapter.