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Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 14. SUPERIOR COURT CLERKS’ RETIREMENT FUND OF GEORGIA · Article 6. MISCELLANEOUS PROVISIONS

47-14-90. Reduction of benefits upon determination that available funds are insufficient; order of payment upon resumption of payments in full; liability of board for such reductions.

Active

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

  1. If the funds derived from the sources provided for in this chapter are not sufficient at any time to enable the board to pay, in full, each person determined to be entitled to benefits under this chapter, then the prorated percentage of such payments shall be made to each such person until the fund shall be replenished sufficiently to enable the board to resume such payments in accordance with this chapter. Before resuming such payments, all persons who received deficiency payments shall be paid in full. In no event shall the board or any member of the board be liable to any person for any deficiencies in payments made under this Code section.

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. 1952, p. 238, § 11.

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 t47-(v35)-2010-pdf.pdf, Volume V35, 2010 edition, page 554; merge action: carried; file SHA-256 670b44b1738a.