reglab/housing_qa huggingface dataset:
GA Code § 47-4-60 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 4 - Employee and Employer Contributions to the Retirement System|§ 47-4-60. Amount of Contributions; Manner of Payment

  Each member shall contribute $4.00 monthly as the employee contribution toward the cost of the retirement system; provided, however, that any person first or again becoming a member of this retirement system on or after July 1, 2012, shall contribute $10.00 monthly as the employee contribution. Each local unit of administration shall deduct such amount each month from the compensation of each of its employees who is a member of the retirement system and pay the amounts so deducted to the board. The board shall specify by rules and regulations the time and manner such amounts shall be paid to it.   The employer contributions toward the cost of the retirement system shall be as actuarially determined and approved by the board; and, in making such determination, each local unit of administration shall supply the board with such information at such times and in such manner as the board shall specify by rules and regulations. The amounts determined as the employer contributions shall be certified to the state treasurer at such times as the board shall specify by rules and regulations. It shall be the duty of the state treasurer to pay to the board, from funds appropriated or otherwise available to the retirement system, the amounts so certified by the board. All employer contributions shall be irrevocable and may be used only for the exclusive benefit of members or their beneficiaries.    (Ga. L. 1969, p. 998, § 10; Ga. L. 1982, p. 3, § 47; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 3/SB 296; Ga. L. 2012, p. 1284, § 1/SB 246.)    The 2010 amendment,  effective July 1, 2010, substituted "state treasurer" for "director of the Office of Treasury and Fiscal Services" in the second and third sentences of subsection (b).    The 2012 amendment,  effective July 1, 2012, added "; provided, however, that any person first or again becoming a member of this retirement system on or after July 1, 2012, shall contribute $10.00 monthly as the employee contribution" to the end of the first sentence in subsection (a).   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. 78 C.J.S., Schools and School Districts, § 264 et seq.
GA Code § 47-4-61 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 4 - Employee and Employer Contributions to the Retirement System|§ 47-4-61. Date for Start of Employee Contributions

 No public school employee shall be obligated to make employee contributions to the retirement system until July 1, 1970, under subsection (a) of Code Section 47-4-29.   (Ga. L. 1969, p. 998, § 23.)
GA Code § 47-4-81 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 5 - Service Creditable Toward Retirement|§ 47-4-81. Effect of Appropriations on Credit for Prior Service

 Any provision of this chapter to the contrary notwithstanding, no credit shall be given any member for prior service until the General Assembly appropriates funds to amortize the prior service liability.   (Ga. L. 1969, p. 998, § 24.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, §§ 1192 et seq., 1229 et seq., 1231.   C.J.S.   - 81A C.J.S., States, § 216 et seq.
GA Code § 47-4-103 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 6 - Retirement, Retirement Allowances, and Disability Benefits|§ 47-4-103. Disability Retirement Benefits; Determination of Disability

 Any member who obtains a minimum of 15 years of creditable service and who becomes totally and permanently disabled to the extent that he is unable to perform the duties of his employment shall be entitled to receive a disability retirement benefit equal to the full retirement benefit under subsection (b) of Code Section 47-4-101 which benefit shall be based on the number of years of service at the time he became disabled. The disability of any member applying for disability retirement benefits shall be determined by the board in the same manner and under the same procedure as disability of state employees is determined under the Employees' Retirement System of Georgia. Disability retirement benefits shall become payable within 30 days after such disability is determined by the board.   (Ga. L. 1973, p. 1197, § 7.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1207 et seq.   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 319 et seq. 78 C.J.S., Schools and School Districts, § 264 et seq.
GA Code § 47-4-105 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 6 - Retirement, Retirement Allowances, and Disability Benefits|§ 47-4-105. Postretirement Benefit Adjustments

 The board is authorized to grant postretirement benefit adjustments from time to time for the purpose of maintaining essentially no less purchasing power for persons receiving benefits pursuant to the provisions of this chapter. Granting postretirement benefit adjustments shall be based on the following factors:    The recommendations of the actuary for the retirement system;   Maintaining the actuarial soundness of the retirement system;   Appropriations by the General Assembly if appropriations are made for the purpose of granting such postretirement benefit adjustments; and   Such other factors as the board finds relevant.     (Code 1981, §47-4-105, enacted by Ga. L. 1988, p. 879, § 1.)
GA Code § 47-4-106 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 6 - Retirement, Retirement Allowances, and Disability Benefits|§ 47-4-106. Return to Public Service of Retired Member

  If any retired member who has not yet reached normal retirement age returns to service as a public school employee in any position which normally requires membership in this retirement system, such member's retirement benefit shall cease and the retired member shall reestablish active membership in this retirement system. The member shall have the same creditable service which the member possessed at the time of retirement and shall accumulate additional creditable service so long as such active membership continues. Upon cessation of such service, or upon attainment of normal retirement age and cessation of contributions, the retired member, after proper notification to the board, shall receive a retirement benefit based on the member's total accrued service reduced by any amount already received prior to reemployment.   If any retired member who has reached normal retirement age returns to service as a public school employee in any position that would normally require membership in this retirement system, such member shall have the option to:   Contribute to the system, in which event the member's retirement benefit shall cease and the retired member shall reestablish active membership in this retirement system. The member shall have the same creditable service which the member possessed at the time of retirement and shall accumulate additional creditable service so long as such active membership continues. Upon cessation of such service, the retired member, after proper notification to the board, shall receive a retirement benefit based on the member's total accrued service reduced by any amounts already received; or   Not contribute to the system, in which event the member's retirement benefit shall not cease, and no additional benefits will accrue.     Any employer which employs a retired member shall within 30 days of the employee's accepting employment notify the board of trustees in writing stating the name of the member and, if the retired member is age 65 or older, shall provide in writing from the retired member his or her election either to discontinue benefits and resume contributions, or to continue receiving retirement benefits and accrue no additional credits under the retirement system. Any employer which fails to notify the board of trustees as required by this subsection shall reimburse the retirement system for any benefits wrongfully paid. It shall be the duty of the retired member seeking employment by the employer to notify the employer of his or her retirement status prior to accepting such position. If a retired member fails to so notify the employer and the employer becomes liable to the retirement system, the member shall hold the employer harmless for all such liability.     (Code 1981, §47-4-106, enacted by Ga. L. 2009, p. 947, § 23/HB 202; Ga. L. 2010, p. 427, § 11/HB 969.)
GA Code § 47-4-120 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 7 - Miscellaneous Provisions|§ 47-4-120. Exemption of Rights and Benefits From State and Local Taxes and From Legal Process; Restriction on Assignability

 The right to a retirement benefit, return of contributions, any optional benefit, or any other right accrued or accruing to any person under this chapter shall be exempt from any state, county, or municipal tax, except as provided in Code Section 48-7-27; exempt from levy and sale, garnishment, attachment, or any other process whatsoever; and unassignable, except as otherwise specifically provided for in this chapter.   (Ga. L. 1969, p. 998, § 20; Ga. L. 2000, p. 1449, § 4.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 30 Am. Jur. 2d, Executions, §§ 248 et seq., 288 et seq.   C.J.S.   - 33 C.J.S., Executions, § 42. 38 C.J.S., Garnishment, §§ 27 et seq., 92 et seq., 137.   ALR.   - Employee retirement pension benefits as exempt from garnishment, attachment, levy, execution, or similar proceedings, 93 A.L.R.3d 711.
GA Code § 47-4-121 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 4 - Public School Employees Retirement System|Article 7 - Miscellaneous Provisions|§ 47-4-121. Attempts to Defraud the Retirement System by Means of False Statements or Falsified Records; Adjustment of Erroneous Payments

  Any person who knowingly makes any false statements or falsifies or permits to be falsified any records of the retirement system in any attempt to defraud the retirement system, as a result of such act, shall be guilty of a misdemeanor and, upon conviction, shall be punished by a fine not exceeding $500.00 or imprisonment not exceeding 12 months or both.   If any change or error in the records results in any member or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the board shall have the power to correct such error and to adjust the payments as far as practicable and in such a manner that the actuarial equivalent of the benefit to which such member or beneficiary was correctly entitled shall be paid.    (Ga. L. 1969, p. 998, §§ 21, 22.)   OPINIONS OF THE ATTORNEY GENERAL   Trustees correct failure to detail amount of service credit.   - Board of trustees has the statutory authority to correct its records; this authority obtains even when the incorrectness of the records is in no manner attributable to the retirement system, but is wholly caused by a member and the member's employer failing to detail an accurate amount of prior service credit. 1976 Op. Att'y Gen. No. 76-25.   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1244 et seq.   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 309. 70 C.J.S., Pensions, § 12. 78 C.J.S., Schools and School Districts, § 264 et seq.
GA Code § 47-5-1 (2021)
2021 Georgia Code|Title 47 - Retirement and Pensions|Chapter 5 - Georgia Municipal Employees Benefit System|Article 1 - General Provisions|§ 47-5-1. Legislative Intent; Construction of This Chapter

  It is declared to be the intent of the General Assembly to provide a method whereby the municipal corporations and certain other entities of this state may, in the discretion of their respective governing bodies, provide retirement and other benefits to their employees through a common administrative and investment system. Such a system based on joint participation will permit municipal corporations and other entities, regardless of size, to provide certain benefits to their employees, will reduce overall administrative costs which might be prohibitive if undertaken individually, will make possible better investment opportunities, and through a provision for continuity of service will provide added security for professional employees who transfer from one municipal corporation or other entity to another in the state. Creation of such a retirement system is considered to be in the public interest in order to attract and retain better qualified personnel in local governmental service and to provide greater personal security to local governmental employees in their old age.   It is intended that this chapter be liberally construed to effectuate this intent.    (Ga. L. 1965, p. 421, § 1; Ga. L. 1992, p. 989, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1167 et seq.   C.J.S.   - 62 C.J.S., Municipal Corporations, § 649 et seq.
GA Code § 47-5-20 (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|§ 47-5-20. Creation of Board of Trustees

 There is created a public corporation of this state to be known as "The Board of Trustees of the Georgia Municipal Employees Benefit System (GMEBS)." Said corporation shall be the successor to the Joint Municipal Employees Retirement System (JMERS) and it is the intent of this chapter that all rights, duties, and obligations of JMERS are assigned to and are assumed by the new system.The creation of GMEBS shall not increase, diminish, grant, destroy, impair, alter, or otherwise affect any pension, retirement benefit or allowance, survivors benefit, membership or right to membership, creditable service or right thereto, prior service or right thereto, or any option, election, or right of any kind created pursuant to a contract or ordinance or resolution with the Joint Municipal Employees Retirement System in existence on July 1, 1984.The GMEBS board shall have and be vested with, as a minimum, the same rights, powers, duties, privileges, and authority of any board of a municipal employee benefit program to which the GMEBS board serves as a successor board.   (Ga. L. 1965, p. 421, § 3; Ga. L. 1984, p. 1041, § 2; Ga. L. 1990, p. 190, § 4.)   RESEARCH REFERENCES   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 313.
GA Code § 47-5-21 (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|§ 47-5-21. Membership of Board

  The board of trustees shall consist of 15 members. To be eligible for membership on the board of trustees, a person must be a citizen of this state. Members of the board of trustees shall be eligible to succeed themselves but shall not serve more than three consecutive full terms.   Except for the term of the initial board, trustees shall be employees or elected or appointed officers of a member employer. Ten trustees shall be elected officers of a municipal corporation. Five trustees shall be employees or appointed officers of a municipal corporation. The initial trustees whose terms shall begin upon appointment and end as follows shall be:   Mayor Hobby Stripling of Vienna, Georgia, for a term ending June 30, 1985;   Mayor Ernest Whaley of Clarkston, Georgia, for a term ending June 30, 1985;   Mayor Tracy Stallings of Carrollton, Georgia, for a term ending June 30, 1985;   Mayor Willis Wombles of Wrightsville, Georgia, for a term ending June 30, 1985;   City Administrator Robert Schwartz, Garden City, Georgia, for a term ending June 30, 1985;   Councilman Clyde Kinnett of East Point, Georgia, for a term ending June 30, 1986;   Mayor Cecil Evans of Tifton, Georgia, for a term ending June 30, 1986;   Mayor J. I. Youngblood of Ashburn, Georgia, for a term ending June 30, 1986;   City Manager Wilbur Avera of Thomaston, Georgia, for a term ending June 30, 1986;   City Manager James Calvin of Toccoa, Georgia, for a term ending June 30, 1986;   Mayor J. C. Woods of Trion, Georgia, for a term ending June 30, 1987;   Mayor Robert Knox, Jr., of Thomson, Georgia, for a term ending June 30, 1987;   Mayor Lillian Webb of Norcross, Georgia, for a term ending June 30, 1987;   City Clerk Thomas McMinn of Warner Robins, Georgia, for a term ending June 30, 1987; and   City Manager Alex Howell of Fairburn, Georgia, for a term ending June 30, 1987.     As the initial terms for which appointments have been made expire, future such members shall be chosen in accordance with the bylaws of the board of trustees. Upon the expiration of the initial terms of the trustees as provided in subsection (b) of this Code section, should any of the trustees cease to be an employee or an elected or appointed officer of a municipal corporation, the trustee shall no longer be eligible to serve on the board of trustees, and the position shall be deemed to be vacant. Vacancies shall be filled as provided in the bylaws of the board of trustees.    (Ga. L. 1965, p. 421, §§ 4-6; Ga. L. 1966, p. 539, § 2; Ga. L. 1984, p. 1041, § 3.)   RESEARCH REFERENCES   C.J.S.   - 62 C.J.S., Municipal Corporations, § 446.
GA Code § 47-5-22 (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|§ 47-5-22. Officers of the Board of Trustees; Election; Merger of Offices of Secretary and Treasurer; Compensation of the Secretary and Treasurer; Treasurer's Performance Bond

 At its first meeting following July 1 in each year, the board of trustees shall elect a chairman, secretary, treasurer, and such other officers as provided in the bylaws of the board. The secretary and the treasurer need not be members of the board; and such offices may, in the discretion of the board of trustees, be combined in one person. The secretary and the treasurer, whether or not members of the board of trustees, may receive such compensation as may be fixed by the board of trustees for the performance of their duties. The treasurer shall give good and sufficient bond in such amount as is required by the board of trustees, and the premium on such bond shall be paid from the administrative funds of the board.   (Ga. L. 1965, p. 421, § 7; Ga. L. 1984, p. 1041, § 4.)
GA Code § 47-5-24 (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|§ 47-5-24. Powers of Board With Regard to Funds Held by It

  The board of trustees is authorized to invest and reinvest funds held by it in any investments which are legal investments under Article 7 of Chapter 20 of this title, the "Public Retirement Systems Investment Authority Law". The board of trustees shall have the discretion to decide the allocation of funds among such investments. The board of trustees is further authorized to purchase, acquire, hold, lease, sell, and convey real and personal property.   The board of trustees is authorized to place funds held by it with banks or trust companies which have corporate trust powers and to authorize any such bank or trust company to invest and reinvest such funds for its account, subject to the investment restrictions of subsection (a) of this Code section. The board of trustees shall prescribe the powers and duties of such banks and trust companies in accordance with this chapter. Funds of the board of trustees on deposit with any one such bank or trust company shall not execute 25 percent of the combined capital and surplus of such bank or trust company. Such bank or trust company shall give bond or pledge sufficient federal or municipal securities to secure the deposits of the board of trustees.   The board of trustees is authorized to place funds held by it with insurance companies authorized to do business in this state for the purpose of investment at guaranteed or anticipated rates of interest.   Notwithstanding the investment restrictions of subsection (a) of this Code section, the board of trustees is authorized, for a consideration, to pledge funds held by it to third parties, including lenders, for the purpose of guaranteeing the contract obligations of municipal corporations and other public bodies of this state, providing surety obligations in connection with such contracts, and obligating it to assume any such contracts in the event that the municipal corporation or other public body fails to renew such contract for its full stated term. Such guaranties, sureties, or assumptions shall constitute activities and services that the board of trustees and the contracting municipal corporations or other public bodies are authorized to undertake and provide, and shall be undertaken pursuant to Article IX, Section III, Paragraph I of the Constitution, provided that the full faith and credit of the municipal corporation or other public body receiving the benefit of such guaranty, surety, or assumption is pledged to repay any amounts required to be paid by the board of trustees as a result of such guaranty, surety, or assumption.    (Ga. L. 1965, p. 421, §§ 15-17, 24; Ga. L. 1984, p. 1041, § 6; Ga. L. 1990, p. 190, § 5; Ga. L. 1991, p. 130, § 1; Ga. L. 2000, p. 2, § 7.)   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 § 47-5-25 (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|§ 47-5-25. Valuation of Assets of the Retirement System

 The board of trustees shall prescribe in its bylaws the method of valuation of assets, which method shall be in accordance with acceptable accounting practices in use by corporate trustees.   (Ga. L. 1965, p. 421, § 18.)
GA Code § 47-5-26 (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|§ 47-5-26. Duty of Board of Trustees to File an Annual Financial Report With Each Member Employer; Filing of Objections to Transactions Shown in Such Report

 The board of trustees shall file with each member employer an annual written report showing pertinent transactions affecting its respective retirement fund account, workers' compensation fund account, or employee benefit fund account since the last previous such report. Within 90 days of the receipt of such report, a member employer may file written objections with the board of trustees with respect to any transactions regarding its account as shown in such report.   (Ga. L. 1965, p. 421, § 22; Ga. L. 1984, p. 1041, § 7.)