---
title: O.C.G.A. § 47-1-2. Pooling of funds by retirement systems for investment purposes; accounting practices with regard to pooled funds.
collection: code
id: 47-1-2
cite_as: O.C.G.A. § 47-1-2 (2025)
canonical_url: https://georgiacommons.org/code/47-1-2
md_url: https://georgiacommons.org/code/47-1-2.md
text_url: https://georgiacommons.org/code/47-1-2/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t47-(v35)-2010-pdf.pdf?sfvrsn=7d4bbd90_0#page=5
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: RETIREMENT AND PENSIONS / GENERAL PROVISIONS / IN GENERAL
---

# O.C.G.A. § 47-1-2. Pooling of funds by retirement systems for investment purposes; accounting practices with regard to pooled funds.

(a) The boards of trustees or directors, by whatever name known, of any two or more retirement systems created by general law, pursuant to the mutual consent of such boards, may pool their trust funds for the purposes of joint investment. The board of trustees or directors, by whatever name known, of any two or more local retirement systems funded by a single political subdivision may likewise pool their trust funds for the purposes of joint investment. When such pooling occurs, the board of trustees of the managing retirement system shall account for the pooled trust funds in accordance with generally accepted principles of accounting, in order to maintain separate accountability of such funds while under its management.

(b) The pooled trust funds may be invested in accordance with Chapter 2 of this title, relating to the Employees’ Retirement System of Georgia, notwithstanding any other provisions of law to the contrary.

(c) Nothing in this Code section shall establish a legal provision for combining the Employees’ Retirement System of Georgia with the Teachers Retirement System of Georgia.

## History

Ga. L. 1974, p. 1178, § 1; Ga. L. 1991, p. 994, § 1.