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Official Code of Georgia Annotated

Title 45. PUBLIC OFFICERS AND EMPLOYEES · Chapter 18. EMPLOYEES’ INSURANCE AND BENEFITS PLANS · Article 2. DEFERRED COMPENSATION PLANS

45-18-35. Plans to operate without cost to state, counties, cities, or other political subdivisions.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. The Board of Trustees of the Employees’ Retirement System of Georgia or the administrator of the plan shall arrange for all services required to carry out the deferred compensation plan or plans so that such plan or plans shall operate without cost to the state, county, city, or other political subdivision except for:

  2. (1)

    Employer contributions to a deferred compensation plan;#

  3. (2)

    The incidental expense of administering the payroll salary deduction or reduction and the remittance thereof; or#

  4. (3)

    The payment of costs or fees associated with an employee’s participation in a deferred compensation plan when authorized by the governing authority of a municipality pursuant to ordinance or resolution.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1974, p. 198, § 7; Ga. L. 2003, p. 887, § 1; Ga. L. 2005, p. 134, § 1/HB 275; Ga. L. 2018, p. 743, § 1/SB 333.

Amendments

The 2018 amendment, effective May 8, 2018, substituted the present provisions of this Code section for the former provisions, which read: “The Board of Trustees of the Employees’ Retirement System of Georgia or the administrator of the plan shall arrange for all services required to carry out the deferred compensation plan or plans so that such plan or plans shall operate without cost to the state, county, city, or other political subdivision except for employer contributions to a deferred compensation plan and for the incidental expense of administering the payroll salary deduction or reduction and the remittance thereof.”

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t45-(v33)-pdf.pdf, Volume V33, 2016 edition, 2025 supplement, pages 127 to 128; merge action: replaced; file SHA-256 ec9f1ae9c82d.