reglab/housing_qa huggingface dataset:
GA Code § 47-20-21 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 3 - Enforcement of Standards in Local Retirement Systems|§ 47-20-21. Triennial Actuarial Investigations; Penalties for Violations Shown; List of Local Systems Not in Conformance Reported Triennially

  The retirement system administrator of each retirement system of a political subdivision shall comply fully with the requirements of Code Section 47-1-3 requiring the employment of an actuary and the completion of actuarial investigations once every three years. In addition to the other requirements specified by Code Section 47-1-3 for such actuarial investigations, each such investigation shall express the actuary's opinion, which shall be supported by such analysis as the actuary determines necessary, of the status of the retirement system with regard to the minimum funding standards specified in Code Section 47-20-10. Each such actuarial investigation shall also include an analysis of each change in or amendment to the retirement system since the previous investigation and shall identify any change or amendment which granted a benefit increase.   If an actuarial investigation or a financial report which is submitted to the state auditor under Code Section 47-1-3 shows that an amendment or change was made in a retirement system of a political subdivision granting a benefit increase in violation of subsection (a) of Code Section 47-20-20 or shows that a retirement system of a political subdivision is not in conformity with the requirements of subsection (b) of Code Section 47-20-20, it shall be the duty of the state auditor to notify the state treasurer; and it shall be the duty of the state treasurer to withhold any state funds payable to the applicable political subdivision until the actuary of the applicable retirement system certifies to the state auditor and to the state treasurer that employer contributions to each retirement system of the political subdivision are in conformity with the minimum funding standards specified in Code Section 47-20-10.   The report on the condition of local retirement systems submitted to the Governor and to members of the General Assembly pursuant to Code Section 47-1-4 shall include a separate list of each retirement system of each political subdivision which is not in conformity with the minimum funding standards specified by Code Section 47-20-10 and a separate attachment giving a full explanation of any action taken pursuant to subsection (b) of this Code section.     (Code 1981, §47-20-21, enacted by Ga. L. 1983, p. 1368, § 1; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, §§ 3, 4/SB 296.)    The 2010 amendment,  effective July 1, 2010, in subsection (b), substituted "state treasurer" for "director of the Office of Treasury and Fiscal Services" in the middle and substituted "state treasurer" for "director" twice.
GA Code § 47-20-50.1 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 5 - Administration|§ 47-20-50.1. Report of Funding of Retirement Bills Having a Fiscal Impact; Publication

  Following the close of each regular legislative session during which retirement bills having a fiscal impact may be enacted, the state auditor shall make a determination for each such bill enacted during such session, which is not vetoed by the Governor, of whether or not provision has been made for the concurrent funding of the bill in conformity with the applicable requirements of Code Section 47-20-50.   The director of the Office of Planning and Budget, the legislative budget analyst, retirement system administrators, and employers shall provide such information and assistance as may be necessary for the state auditor to make the determinations required by subsection (a) of this Code section.   The state auditor shall make the determinations required by subsection (a) of this Code section by not later than the fifteenth day immediately following the last day on which the Governor is authorized to veto bills following the close of each regular legislative session. The state auditor's findings shall be made in a report to the Secretary of State showing the determination for each retirement bill by reference to the respective Senate or House number for the bill. The report shall be submitted to the Secretary of State by not later than the last day on which the state auditor is required to make the determinations. The Secretary of State shall cause the state auditor's report to be printed in the annual session laws of the State of Georgia.     (Code 1981, §47-20-50.1, enacted by Ga. L. 1987, p. 240, § 8; Ga. L. 1989, p. 52, § 1.)
GA Code § 47-20-51 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 5 - Administration|§ 47-20-51. Accrued Retirement Benefits Are Not Created, Enhanced, or Diminished by This Chapter

 No provision of this chapter generally and no provision of Code Section 47-20-50 in particular shall:    Create or be construed to create a contractual right to a retirement benefit or a contractual right in the provisions of a retirement system law which does not exist independently of the provisions of this chapter; and   Impair, alter, or diminish or be construed to impair, alter, or diminish a contractual right to a retirement benefit or a contractual right in the provisions of a retirement system law which exists independently of the provisions of this chapter.     (Code 1981, §47-20-51, enacted by Ga. L. 1983, p. 1368, § 1.)
GA Code § 47-20-60 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 6 - Miscellaneous|§ 47-20-60. State Auditor Authorized to Provide Personnel to Carry Out Duties Under Chapter; Funds Authorized; Cooperation of State Officials, Agencies, and Employees

  The state auditor shall be authorized to employ or contract with actuaries and other personnel to carry out the duties assigned to that officer by this chapter. Upon their approval by the Legislative Services Committee, expenses incurred by the state auditor in carrying out such duties shall be paid from funds appropriated or available to the legislative branch of the state government. When authorized to do so by the Legislative Services Committee, and such authorization may be on a continuing basis by direction of the Legislative Services Committee entered upon its minutes, the legislative fiscal officer, upon certification by the state auditor of expenses incurred to carry out the duties assigned to that officer by this chapter, is authorized to expend legislative funds to pay such expenses.   Retirement system administrators, state officials and employees, and officials and employees of political subdivisions are authorized and directed to cooperate with and assist the state auditor in carrying out the duties assigned to that officer by this chapter.     (Code 1981, §47-20-60, enacted by Ga. L. 1983, p. 1368, § 1.)
GA Code § 47-20-61 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 6 - Miscellaneous|§ 47-20-61. Certificates and Summaries of Actuarial Investigations Attached to Enrolled Act

 The enrolled Act resulting from a bill which is subject to the legislative procedures provided by this chapter shall have attached thereto the original or a true and correct copy of all certificates and summaries of actuarial investigations submitted by the state auditor pursuant to the requirements of this chapter.    (Code 1981, §47-20-61, enacted by Ga. L. 1983, p. 1368, § 1.)
GA Code § 47-20-62 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 6 - Miscellaneous|§ 47-20-62. Effective Date of Chapter; Consideration of Fiscal Retirement Bills by 1984 Regular Session

 This chapter shall become effective on January 1, 1984. Only nonfiscal retirement bills may be introduced at the 1984 regular session of the General Assembly. Retirement bills having a fiscal impact which were introduced at the 1983 regular session and which are still pending at the 1984 regular session shall be subject to the requirements of Code Section 47-20-50, except that the amount determined by actuarial investigation under paragraph (10) of subsection (a) of Code Section 47-20-36 shall be determined by the director of the Office of Planning and Budget and the state auditor pursuant to Code Sections 28-5-42 and 28-5-43, relating to fiscal notes.    (Code 1981, §47-20-62, enacted by Ga. L. 1983, p. 1368, § 1.)
GA Code § 47-20-63 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 6 - Miscellaneous|§ 47-20-63. Requirements for Exempting Bills Regarding Georgia Firemen's Pension Fund From Chapter Provisions

 Repealed by Ga. L. 1994, p. 315, § 1, effective July 1, 1994.   Editor's notes.   - This Code section was based on Ga. L. 1989, p. 48, § 1, and Ga. L. 1991, p. 130, § 1.
GA Code § 47-20-64 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 6 - Miscellaneous|§ 47-20-64. Exemption for 1991 Bill Amending Code Section 47-1-30

 Repealed by Ga. L. 1994, p. 315, § 2, effective July 1, 1994.   Editor's notes.   - This Code section was based on Ga. L. 1991, p. 356, § 1.
GA Code § 47-20-80 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-80. Short Title

 This article shall be known and may be cited as the "Public Retirement Systems Investment Authority Law."    (Code 1981, §47-20-80, enacted by Ga. L. 2000, p. 2, § 2.)
GA Code § 47-20-81 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-81. Fund Defined; Applicability

  As used in this article, the term "fund" means the investment fund of any public retirement system or pension system supported wholly or partially from public funds. Such term shall include any pool of such funds for investment purposes.   The provisions of this article shall not apply to political subdivisions which contract with an association of like political subdivisions for the pooling of assets; provided, however, that the provisions of this article shall apply to such association.     (Code 1981, §47-20-81, enacted by Ga. L. 2000, p. 2, § 2.)
GA Code § 47-20-82 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-82. Investing Funds; Eligibility; Investment Limitation

  Funds shall invest in or lend their assets on the security of, and shall hold as invested assets, only eligible investments as prescribed in this article.   Eligibility of an investment shall be determined as of the date of its making or acquisition.   Any investment limitation based upon the amount of the fund's assets shall relate to such assets on the basis of the assets' aggregate historical cost. For purposes of any investment made in alternative investments pursuant to Code Section 47-7-127 or 47-20-87, aggregate historical cost shall include all contractually committed, unpaid amounts.     (Code 1981, §47-20-82, enacted by Ga. L. 2000, p. 2, § 2; Ga. L. 2012, p. 211, § 2/SB 402.)    The 2012 amendment,  effective July 1, 2012, added the last sentence to subsection (c).   Editor's notes.   - Ga. L. 2012, p. 211, § 1/SB 402, not codified by the General Assembly, provides that: "This Act shall be known and may be cited as the 'Employees' Retirement System of Georgia Enhanced Investment Authority Act.'".
GA Code § 47-20-83.1 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-83.1. Definitions; Identification of Scrutinized Companies Where Public Funds Held; Scrutinized Companies With Activities in the Iran Petroleum Energy Sector List; Reporting

 Repealed by Ga. L. 2008, p. 1022, § 3.1/SB 451, effective July 1, 2015.   Editor's notes.   - This Code section was based on Code 1981, § 47-20-83.1, enacted by Ga. L. 2008, p. 1022, § 3/SB 451; Ga. L. 2010, p. 863, § 3/SB 296.
GA Code § 47-20-85 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-85. Compliance

 Notwithstanding any provision of the federal Secondary Mortgage Market Enhancement Act, 15 U.S.C. Section 77r-1, to the contrary, any fund subject to the provisions of this article shall comply with all provisions, restrictions, and limitations concerning investments provided in this article.    (Code 1981, §47-20-85, enacted by Ga. L. 2000, p. 2, § 2.)
GA Code § 47-20-86 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 20 - Public Retirement Systems Standards|Article 7 - Public Retirement Systems Investment Authority Law|§ 47-20-86. Enforcement

 This article shall be enforced as provided in Article 3 of this chapter.    (Code 1981, §47-20-86, enacted by Ga. L. 2000, p. 2, § 2.)
GA Code § 47-21-1 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-1. Short Title

 This chapter shall be known and may be cited as the "Regents Retirement Plan Act."    (Code 1981, §47-21-1, enacted by Ga. L. 1990, p. 1811, § 2.)
GA Code § 47-21-2 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-2. Definitions

 As used in this chapter, the term:    "Board of regents" means the Board of Regents of the University System of Georgia.   "Board of trustees" means the Board of Trustees of the Teachers Retirement System of Georgia.   "Earnable compensation" means the full rate of regular compensation payable to a participating employee for the employee's normal working time and includes compensation paid to the employee by an employer from grants or contracts made by outside agencies with the employer.   "Participating employee" means an eligible university system employee, as defined in Code Section 47-3-68, who elects to participate in the retirement plan provided for in this chapter pursuant to the provisions of said Code Section 47-3-68.     (Code 1981, §47-21-2, enacted by Ga. L. 1990, p. 1811, § 2.)
GA Code § 47-21-3 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-3. Establishment and Administration of Optional Retirement Plan; Designation of Companies From Which Contracts Will Be Purchased

  The board of regents is authorized to establish an optional retirement plan under which it may purchase annuity contracts, either fixed or variable or a combination thereof, or shares in one or more mutual funds providing retirement and death benefits which shall become the property of participating employees of the University System of Georgia.   The board of regents shall provide for the administration and maintenance of the optional retirement plan authorized by this chapter.   The board of regents shall designate at least two but no more than five companies from which contracts will be purchased. In making this designation, the board of regents shall consider the following:   The nature and extent of the rights and benefits to be provided by the contracts for participating employees and their beneficiaries;   The relation of the rights and benefits to the amount of the contributions to be made pursuant to the provisions of this chapter;   The suitability of the rights and benefits to the needs and interests of participating employees and the University System of Georgia;   The ability of the designated companies to provide the rights and benefits under such contracts; and   The efficacy of the contracts in the recruitment and retention of faculty and principal administrators.       (Code 1981, §47-21-3, enacted by Ga. L. 1990, p. 1811, § 2; Ga. L. 1995, p. 334, § 2.)
GA Code § 47-21-4 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-4. Employee and Other Contributions

  On and after July 1, 2013, each participating employee shall contribute to the optional retirement plan a percentage of his or her earnable compensation as determined by the board of regents.   The University System of Georgia shall contribute to the optional retirement plan on behalf of each participating employee the following:   Prior to January 1, 1997, an amount equal to 4 percent of the participating employee's earnable compensation;   On and after January 1, 1997, and before January 1, 2009, an amount equal to the normal cost contribution determined by the board of trustees in accordance with the provisions of Code Section 47-3-48; and   On and after January 1, 2009, an amount determined by the board of regents after consulting with the state auditor, the director of the Office of Planning and Budget, and the state accounting officer. The board of regents shall review the contribution amount every three years.     The participating employee's contribution required by the provisions of subsection (a) of this Code section may be made by a reduction in earnable compensation or by an employer pickup pursuant to the authority of any applicable provisions of the United States Internal Revenue Code, as amended. The method of contribution provided for in this subsection shall be a privilege for the convenience of employees and no right of action shall accrue to the employee or any company designated to provide such optional retirement plan for errors, omissions, or decisions of any agent of the University System of Georgia regarding deductions under this subsection.   All contributions authorized or required by this Code section shall be paid to the designated companies for the benefit of each participating employee by the financial officer of the employing institution.     (Code 1981, §47-21-4, enacted by Ga. L. 1990, p. 1811, § 2; Ga. L. 1994, p. 660, § 1; Ga. L. 1996, p. 1244, § 1; Ga. L. 1998, p. 126, § 1; Ga. L. 2008, p. 347, § 2/HB 815; Ga. L. 2013, p. 787, § 1/HB 232.)    The 2008 amendment,  effective July 1, 2008, in paragraph (b)(1), deleted "and" at the end; in paragraph (b)(2), inserted "and before January 1, 2009," in the first sentence and substituted "; and" for "The provisions of this subsection are subject to subsequent legislation; provided, however, that such legislation shall not provide for a rate of contribution lower than 4 percent." at the end; and added paragraph (b)(3).    The 2013 amendment,  effective July 1, 2013, in subsection (a), substituted "On and after July 1, 2013, each" for "Each" at the beginning, and substituted "board of regents" for "board of trustees which shall be not less than 5 nor more than 6 percent" near the end.
GA Code § 47-21-5 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-5. Remittances by the University System of Georgia

 Reserved. Repealed by Ga. L. 2020, p. 94, § 1/HB 292, effective July 1, 2020.   Editor's notes.   - This Code section was based on Ga. L. 1990, p. 1811, § 2.   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 2020, the Code section designation number, inadvertently deleted by Ga. L. 2020, p. 94, § 1/HB 292, was added back in.
GA Code § 47-21-6 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-6. Payment of Retirement, Death, or Other Benefit

 No retirement, death, or other benefit shall be paid by the Teachers Retirement System of Georgia to or on behalf of a participating employee in the optional retirement plan based upon any service rendered by such employee while a member of the optional retirement plan or while covered by such plan. Benefits are payable to participating employees or their beneficiaries by the designated companies in accordance with the terms of the annuity contracts.    (Code 1981, §47-21-6, enacted by Ga. L. 1990, p. 1811, § 2; Ga. L. 1998, p. 173, § 1.)
GA Code § 47-21-7 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-7. Treatment of Annuity Contracts Under Code Section 33-38-2

 Annuity contracts issued under the optional retirement plan provided for in this chapter shall be treated under Code Section 33-38-2 in the same manner as contracts qualified under Section 403(b) of the United States Internal Revenue Code.    (Code 1981, §47-21-7, enacted by Ga. L. 1990, p. 1811, § 2.)
GA Code § 47-21-8 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 1 - General Provisions|§ 47-21-8. Actuarial Study by State Auditor

 By not later than January 1, 2000, the state auditor shall have an actuarial study completed to determine what effect the optional retirement plan provided for in this chapter has had on the Teachers Retirement System of Georgia. The results of such study shall be reported to the General Assembly at the 2000 regular session.    (Code 1981, §47-21-8, enacted by Ga. L. 1990, p. 1811, § 2; Ga. L. 1996, p. 1244, § 2.)
GA Code § 47-21-20 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 21 - Regents Retirement Plan|Article 2 - Regents Retirement Health Benefit Fund|§ 47-21-20. Definitions

 As used in this article, the term:    "Actuarial assumptions" means assumptions regarding the occurrence of future events affecting costs of the fund such as mortality, withdrawal, disability, and retirement; changes in compensation and offered post-employment benefits; rates of investment earnings and asset appreciation or depreciation; procedures used to determine the actuarial value of assets; and other relevant items.   "Actuarially sound" means that calculated contributions to the fund are sufficient to pay the full actuarial cost of the fund. The full actuarial cost includes both the normal cost of providing for fund obligations as they accrue in the future and the cost of amortizing the unfunded actuarial accrued liability over a period of no more than 30 years.   "Administrative expenses" means all expenses incurred in the operation of the fund, including all investment expenses.   "Annual required contribution" means the amount determined in accordance with requirements of Governmental Accounting Standards Board Statement No. 43, or any subsequent Governmental Accounting Standards Board statements that may be applicable to the fund.   "Board" means the Board of Regents of the University System of Georgia.   "Covered health care expenses" means all actual health care expenses incurred by the health plan with respect to fund beneficiaries. Actual health care expenses include claims incurred with respect to fund beneficiaries and premiums incurred with respect to intermediary entities and health care providers by the health plan.   "Employer" means the Board of Regents of the University System of Georgia and any department or institution of thereof that employs persons who are eligible to participate in the health plan.   "Fund" means the Board of Regents Retiree Health Benefit Fund established under this article.   "Health plan" means the board's health insurance plans established pursuant to authority granted to the board pursuant to Code Sections 20-3-31 and 20-3-51.   "Obligations" means the administrative expenses of the fund and the cost of covered health care expenses incurred on behalf of fund beneficiaries less any amounts received by or on behalf of fund beneficiaries.     (Code 1981, §47-21-20, enacted by Ga. L. 2007, p. 68, § 3/SB 156.)