Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 1. GENERAL PROVISIONS · Article 3. INCREASE OF BENEFITS TO OFFSET TAXES

47-1-31. Discretionary postretirement benefit increases subject to reduction by subsequent legislation.

Active

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

Any other provision of this title to the contrary notwithstanding, any discretionary postretirement benefit increase granted on or after July 1, 1993, by the board of trustees of any public retirement system pursuant to the authority to grant such increases within the limits of actuarial soundness granted by general law shall be subject to reduction by subsequent legislation and shall not be considered an element of any contract of employment.

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

Code 1981, § 47-1-31, enacted by Ga. L. 1993, p. 1690, § 1.

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

Text read from t47-(v35)-2010-pdf.pdf, Volume V35, 2010 edition, page 29; merge action: carried; file SHA-256 670b44b1738a.

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