Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 1. GENERAL PROVISIONS · Article 6. CONFORMITY WITH FEDERAL LAW

47-1-83. Vesting of member’s accrued benefit as of date of termination or partial termination of public retirement or pension system.

Active

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

In accordance with subsection (a) of the federal Treasury Regulation Section 1.401-6, in the event of a termination or partial termination of a public retirement or pension system, a member’s accrued benefit as of the date of such termination or partial termination, to the extent then funded, shall be nonforfeitable and fully vested under federal Internal Revenue Code requirements.

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.

Code 1981, § 47-1-83, enacted by Ga. L. 2009, p. 947, § 8/HB 202; Ga. L. 2014, p. 223, § 2/HB 843.

The 2014 amendment, effective July 1, 2014, rewrote this Code section.

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

Text read from t47-(v35)-pdf.pdf, Volume V35, 2010 edition, 2025 supplement, page 10; merge action: replaced; file SHA-256 b2fa8236f7f1.