Source: https://mrf.georgia.gov/retirement-benefit-information
Timestamp: 2017-07-23 00:36:32
Document Index: 86839531

Matched Legal Cases: ['§47', '§47', '§47', '§47', '§47', '§47', '§47']

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The Member shall be paid a monthly sum equal to 4% of his or her average final monthly compensation for each year served by the member up to, but not exceed, a total of 20 years; provided, however that the final annual compensation used for calculating a benefit shall not exceed $42,781.22 or the amount fixed in the following schedule according to county population, whichever amount is higher:
Maximum Average Final Monthly Compensation
6,072.65
5,594.17
4,490.76
4,183.74
O.C.G.A.§47-25-81(a)
The term “surviving spouse” means the person who was married to a member on the date of the member's death. O.C.G.A. §47-25-82(a). Please note that Georgia law does not recognize common law marriages.
Upon the death of any Member who is then receiving retirement benefits and upon the surviving spouse of such Member attaining 60 years of age, said spouse shall be paid spouse's benefits which shall be equal to 50% of the retirement benefits then being paid to such member. Such benefits shall be paid for the remainder of the life of such surviving spouse. O.C.G.A. §47-25-82(b).
Upon the death of any Member prior to retirement, the surviving spouse of such member may elect:
(1) To withdraw the dues paid into the retirement fund by the deceased member plus interest at the rate specified by law, in which case the spouse shall be deemed to have waived any right to any benefits; or
(2) To leave such dues in the retirement fund and to receive spouse's benefits which shall be payable beginning on the date of the Member's death, if such member is 60 years of age or older;or on the date on which the surviving spouse of the deceased member reaches 60 years of age, whichever event occurs last. O.C.G.A. §47-25-82(c).
Surviving Beneficary Other than Spouse
A member who is unmarried at the time of such election may designate a survivor at the time of making such election. O.C.G.A. §47-25-82(d).
A member, who is married, may elect a designated survivor other than his or her spouse under this subsection only with the written agreement of the spouse. O.C.G.A. §47-25-82(d).
The designated survivor shall be a person with whom the Member has a familial relationship through blood, marriage, or adoption. The designated survivor designated pursuant to this subsection shall be entitled to a survivor's benefit which is the actuarial equivalent to a surviving spouse's benefit as provided in subsection (b) of this Code section. O.C.G.A. §47-25-82(d).
** The spouse's date of birth must be verified by proof of birth papers and a marriage certificate is required.