reglab/housing_qa huggingface dataset:
GA Code § 47-5-27 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 2 - Administration and Management of the Assets of the Benefit System|§ 47-5-27. Payment of Administrative Expenses of the Board of Trustees; Allocation of Expenses Among Member Municipalities

 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.   (Ga. L. 1965, p. 421, § 23; Ga. L. 1966, p. 539, § 7.)
GA Code § 47-5-28 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 2 - Administration and Management of the Assets of the Benefit System|§ 47-5-28. Accounts for Participating Employees, Member Employers, and as Otherwise Required; Authorization of Funds; Commingling Restriction

  The board of trustees shall administer the retirement fund and shall maintain records as follows:   The board of trustees shall maintain individual accounts for each participating employee, to which shall be credited the dollar value of participation allocated to such employee under the respective member employer's retirement plan, and such other accounts, if any, as may be reasonably required, in the discretion of the board of trustees, for the convenient administration of the plan;   There shall be credited to the contribution account of each member employer all contributions received by the board of trustees from it or its participating employees and there shall be charged against such account all payments made from it pursuant to the terms of the retirement plan, together with any other payment or expenses chargeable against that account;   The interest of each member employer in any retirement fund established under the system shall be represented by units which shall constitute equal interest in any such fund; and   The board of trustees may from time to time establish new or additional retirement funds and may separate and place new contributions in such funds instead of adding to existing funds, provided that member employers continue to be represented by units which constitute equal interests in such funds.     The board of trustees may establish a workers' compensation fund, employee benefit fund, and other funds necessary or incident to the provision of workers' compensation benefits and employee benefits under this chapter.   The retirement fund shall not be commingled with the workers' compensation fund, employee benefit fund, or other funds.    (Ga. L. 1965, p. 421, § 18; Ga. L. 1966, p. 539, § 6; Ga. L. 1984, p. 1041, § 8.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1169 et seq.   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 313.
GA Code § 47-5-29 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 2 - Administration and Management of the Assets of the Benefit System|§ 47-5-29. Periodic Determination of Principal and Income of the Funds; Periodic Merger of Principal and Income; Method for Determination of Principal Value of Each Unit of Funds

  The board of trustees shall determine the principal and income of the retirement fund, workers' compensation fund, employee benefit fund, and other funds on periodic evaluation dates established by the board of trustees, but at least once every 12 months. Income shall be determined by the board of trustees in accordance with an established method which it may prescribe in its bylaws and which conforms to acceptable accounting practices in use by corporate trustees. Income shall be added to and become part of the principal of the various funds on the periodic valuation dates established under this Code section. The board of trustees shall deduct from either principal or income, or both, such charges, expenses, and liabilities as it determines in its discretion to be chargeable against either.   The principal value of each unit into which the funds are divided shall be determined on each such periodic valuation date by dividing the then principal value of the funds by the number of units into which it is then divided.    (Ga. L. 1965, p. 421, §§ 19, 20; Ga. L. 1984, p. 1041, § 9.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1169 et seq.
GA Code § 47-5-30 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 2 - Administration and Management of the Assets of the Benefit System|§ 47-5-30. Periodic Audit of the Accounts of the Board of Trustees; Contents and Availability of Report of Such Audit; Standard of Care in Conduct of the Audit and Liability of Auditors

  At least once every 12 months an audit shall be made of the retirement fund, workers' compensation fund, employee benefit fund, and other funds by independent certified public accountants responsible only to and appointed by the board of trustees. The compensation and reasonable expenses of any independent public accountants may be charged to the funds and apportioned between the principal and income as the board of trustees may deem proper.   The auditors appointed shall audit the accounts of the board of trustees and shall make a report of such audit, which report shall include a list of the investments and other assets comprising the various funds on the last day of the period covered by such audit and shall show the valuation placed on each such investment and asset as of that date. The report shall also include a statement of charges, sales, and any other investment charges, and of all income and disbursements since the last audit, and appropriate comments as to any investment in default as to principal or interest. Promptly upon receipt by the board of trustees of such report, the board of trustees shall send notice to each employer to which a regular periodic accounting would ordinarily be rendered that the report is available and that a copy will be furnished upon request. Such audits shall be included with the annual written report filed with each member employer pursuant to Code Section 47-5-26.   In auditing the accounts of the board of trustees, the auditors shall be required to make only such examination of the accounts and records as they deem reasonably necessary. The auditors shall incur no liability for any act done or suffered by them in good faith in the exercise of reasonable care.   The auditors shall include in their report their unqualified opinion on the presentation of the financial position and operations of the fund. If such auditors are unable to express an unqualified opinion, they shall so state and shall further detail reasons for their qualification or disclaimer, including recommendations for improvements.    (Ga. L. 1965, p. 421, § 21; Ga. L. 1982, p. 3, § 47; Ga. L. 1984, p. 1041, § 10; Ga. L. 1992, p. 477, § 1.)
GA Code § 47-5-42 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-42. Provisions of Contracts and Plans

  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:   Minimum age at entry into its plan;   Minimum years of service at entry into its plan;   Maximum years of service credit allowable;   Provisions relating to separation and return to employment;   Types of benefits to be provided;   Types of vesting provisions, if any, to be provided;   Types of disability retirement provisions, if any, to be provided;   Minimum years of required participation in the plan;   Provisions relating to benefits for part-time employment; and   Any other provisions necessary, incidental, or helpful in providing the intended benefits.     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.     (Code 1981, §47-5-42, enacted by Ga. L. 1984, p. 1041, § 11; Ga. L. 1985, p. 209, § 1; Ga. L. 1985, p. 1359, § 1.)
GA Code § 47-5-43 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-43. Provisions for Early and Normal Retirement Ages

 Each member employer may provide in its plan for early and normal retirement ages. A member employer may defer the retirement of an employee who has reached normal retirement age.    (Code 1981, §47-5-43, enacted by Ga. L. 1984, p. 1041, § 11.)
GA Code § 47-5-44 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-44. Credit for Prior Service

 Each member employer that has adopted a plan providing retirement benefits under Code Section 47-5-40 is authorized in its plan and contract to determine what credit, if any, shall be allowed for prior service. The financial liability incurred by the member employer for any such prior service credits allowed shall be actuarially determined and incorporated in the contract, which shall set forth the manner in which such liability shall be defrayed by the member employer.    (Code 1981, §47-5-44, enacted by Ga. L. 1984, p. 1041, § 11.)
GA Code § 47-5-45 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-45. Uninterrupted Participation During Transfer From One Member Municipality to Another

 The board of trustees may provide rules under which contracts with member employers may provide for uninterrupted participation by a participating employee who transfers his employment from one member municipality to another.    (Code 1981, §47-5-45, enacted by Ga. L. 1984, p. 1041, § 11.)
GA Code § 47-5-46 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-46. Transfer of Credits

 Member employers which provide retirement benefits under a local or special Act may contract with the board of trustees for transfer of credits to this retirement system and continuation of accrued benefits to their employees under terms which may be provided by amendment to such local or special Act and which are not inconsistent with this chapter or rules or regulations adopted pursuant to this chapter. Otherwise, this chapter is not intended to affect existing retirement or pension systems established by local or special Act or to preclude the establishment of individual employer retirement systems by future local or special Acts.    (Code 1981, §47-5-46, enacted by Ga. L. 1984, p. 1041, § 11.)
GA Code § 47-5-47 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 3 - Retirement Plans|§ 47-5-47. Return of Contributions to Employee or Employee's Estate

 Except as otherwise provided with respect to the provision of death benefits under a plan, plans providing for retirement benefits established under this chapter shall provide that mandatory contributions made by a participating employee shall be returned to such employee's surviving spouse or to the estate of the participant or the participant's pre-retirement beneficiary in the event of death before retirement. If the employee is separated from employment prior to the time he or she is eligible for retirement benefits, such contributions shall be returned unless the employee chooses to claim his or her vested benefits, in which case the employee contributions shall remain with the fund until such time as the employee becomes eligible for the vested benefits. Such contributions may be returned without interest or with such interest as is provided in the plan.    (Code 1981, §47-5-47, enacted by Ga. L. 1984, p. 1041, § 11; Ga. L. 2015, p. 898, § 4/HB 266.)    The 2015 amendment,  effective July 1, 2015, substituted "Except as otherwise provided with respect to the provision of death benefits under a plan, plans" for "Plans" at the beginning of this Code section; substituted "employee's surviving spouse or to the estate of the participant or the participant's pre-retirement beneficiary" for "employee or his estate" near the middle of this Code section; and near the end of this Code section, substituted "he or she is eligible" for "he is eligible" and substituted "his or her vested benefits" for "his vested benefits".
GA Code § 47-5-70 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 4 - Miscellaneous Provisions|§ 47-5-70. Creation of Debts of the State Under This Chapter

 Nothing in this chapter shall create a debt of the State of Georgia.   (Ga. L. 1965, p. 421, § 25; Ga. L. 1988, p. 387, § 1.)
GA Code § 47-5-71 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 4 - Miscellaneous Provisions|§ 47-5-71. Exemption From Levy, Attachment, or Other Process of Funds Held by the Board of Trustees or for Its Account; Assignment of Benefits or Contracts Established Under This Chapter

 Funds held by the board of trustees or for its account shall not be subject to process, levy, or attachment; nor shall benefits arising under this chapter or any contract pursuant to this chapter be assignable.   (Ga. L. 1965, p. 421, § 26.)   RESEARCH REFERENCES   ALR.   - Employee retirement pension benefits as exempt from garnishment, attachment, levy, execution, or similar proceedings, 93 A.L.R.3d 711.
GA Code § 47-5-72 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 4 - Miscellaneous Provisions|§ 47-5-72. Exemption of Chapter From Regulation Under Title 33

 Except as otherwise specified in this chapter, the provision of retirement benefits and employee benefits pursuant to this chapter shall not be subject to regulation under Title 33.    (Code 1981, §47-5-72, enacted by Ga. L. 1984, p. 1041, § 12; Ga. L. 2000, p. 131, § 1.)
GA Code § 47-6-20 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 2 - Creation, Administration, and Management of the Assets of the Retirement System|§ 47-6-20. Creation and Administration of the Retirement System; Commencement of Operations; Corporate Powers and Privileges; Name in Which Retirement System to Transact Business

  A retirement system is created and placed under the administration of the Board of Trustees of the Employees' Retirement System of Georgia to provide retirement allowances and other benefits for members of the General Assembly. The system shall begin operation as of July 1, 1967.   The system shall have the power and privileges of a corporation and shall be known as the "Georgia Legislative Retirement System." By such name all of its business shall be transacted, all of its funds shall be invested, and all of its cash, securities, and other property shall be held.    (Ga. L. 1967, p. 259, § 2.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1166 et seq. 72 Am. Jur. 2d, States, Territories, and Dependencies, § 58.   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 313. 81A C.J.S., States, §§ 98 et seq., 213 et seq., 221 et seq., 254 et seq.
GA Code § 47-6-21 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 2 - Creation, Administration, and Management of the Assets of the Retirement System|§ 47-6-21. Creation of the Office of Executive Secretary

 There is created an office to be known as the "executive secretary of the Georgia Legislative Retirement System." The director of the Employees' Retirement System of Georgia shall serve as executive secretary of this system.   (Ga. L. 1967, p. 259, § 14.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1244 et seq.   C.J.S.   - 70 C.J.S., Pensions, § 10 et seq.
GA Code § 47-6-23 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 2 - Creation, Administration, and Management of the Assets of the Retirement System|§ 47-6-23. Investment Powers of Board; Members' and Employees' Dealings With Funds; Vouchers for Payments

  The board shall be the trustee of the funds of the system; may invest and reinvest such funds; and may hold, purchase, sell, assign, transfer, and dispose of any of the securities and investments in which any of the funds created under this chapter shall have been invested, as well as the proceeds of such investments and any moneys belonging to such fund, all in such manner as funds of the Employees' Retirement System of Georgia are invested and reinvested.   Except as otherwise provided for in this chapter, no member or person employed by the board shall have a direct interest in the gains or profits of any investment made by the board. No member or employee of the board shall, directly or indirectly, for himself or as an agent, in any manner use the funds of the system except to make such current and necessary payments as are authorized by the board; nor shall any member or employee of the board become an endorser, surety, or in any manner an obligor for moneys loaned or borrowed from the board.   The board shall be the custodian of the funds of the system. All payments from such funds shall be made by the board only upon vouchers signed by two persons designated by the board.    (Ga. L. 1967, p. 259, §§ 15, 16; Ga. L. 2000, p. 131, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, §§ 1166 et seq., 1244 et seq.   C.J.S.   - 67 C.J.S., Officers and Public Employees, §§ 244 et seq., 259 et seq. 70 C.J.S., Pensions, § 7 et seq. 81A C.J.S., States, §§ 213 et seq., 221 et seq., 254 et seq., 275.
GA Code § 47-6-24 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 2 - Creation, Administration, and Management of the Assets of the Retirement System|§ 47-6-24. Members' Account; Accumulation Account; Crediting of Interest and Dividends

  All of the assets of the system shall be credited, according to the purpose for which they are held, to either the members' account or the accumulation account. The benefits under this chapter and all administrative expenses shall be paid from such accounts.   The members' account shall be the account in which the contributions made by members and regular interest credited on such amounts shall be held.   The accumulation account shall be the account in which all reserves for the payment of the part of all retirement allowances and other benefits payable from contributions made by the state shall be held and from which all retirement allowances payable under the system and the administrative expenses shall be paid. All interest and dividends earned on the funds of the system shall be credited to the accumulation account.    (Ga. L. 1967, p. 259, § 17; Ga. L. 2005, p. 535, § 18/HB 460.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1244 et seq.   C.J.S.   - 70 C.J.S., Pensions, § 10 et seq.
GA Code § 47-6-25 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 2 - Creation, Administration, and Management of the Assets of the Retirement System|§ 47-6-25. Plan Year Designated

 For purposes of complying with federal Internal Revenue Service rules and regulations, the plan year for this retirement system shall be the 12 month period beginning on July 1 of each year.    (Code 1981, §47-6-25, enacted by Ga. L. 2009, p. 947, § 25/HB 202.)
GA Code § 47-6-41 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 6 - Georgia Legislative Retirement System|Article 3 - Membership in the Retirement System|§ 47-6-41. Transition of Membership From Georgia Legislative Retirement System to Employees' Retirement System of Georgia; Current Beneficiaries; State Contributions; Rules and Regulations

 Reserved. Repealed by Ga. L. 2010, p. 1207, § 52, effective July 1, 2010.   Editor's notes.   - This Code section was based on Ga. L. 1971, p. 107, § 1; Ga. L. 1972, p. 704, § 2; Ga. L. 1992, p. 477, § 1.   Ga. L. 2010, p. 1207, § 1, not codified by the General Assembly, provides that: "The intent of this Act is to repeal obsolete and inoperative provisions and to make certain stylistic corrections in Title 47 of the Official Code of Georgia Annotated. Nothing in this Act shall deny, abridge, increase, renew, revive, or on any way affect any right, benefit, option, credit, or election to which any person was entitled pursuant to such title on June 30, 2010, and the board of trustees of each public retirement system is authorized and directed to provide by regulation for the continuation of any such right, benefit, option, credit, or election not otherwise covered in this Act; provided, however, that any such right, benefit, option, credit, or election shall be subject to the statutory provisions in effect on June 30, 2010."