Official Code of Georgia Annotated
Title 47. RETIREMENT AND PENSIONS · Chapter 2. EMPLOYEES’ RETIREMENT SYSTEM OF GEORGIA · Article 5. SERVICE CREDITABLE TOWARD RETIREMENT BENEFITS
47-2-100. Additional creditable service.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
Any member of this retirement system may obtain up to an additional three years of creditable service as provided in this Code section. In order to obtain such additional creditable service, the member must:#
- (1)
Make application to the board of trustees in such manner as the board deems appropriate. Such application and payment must be made in conjunction with and simultaneously with the member’s application for retirement. If the application for retirement is withdrawn or denied, the application to purchase creditable service shall be void; and#
- (2)
Pay to the board of trustees an amount determined by the board of trustees to be sufficient to cover the full actuarial cost of granting the creditable service as provided in this Code section.#
- (b)
Upon receipt of an application for additional creditable service, the board of trustees shall certify to the applicant the amount of the payment required by paragraph (2) of subsection (a) of this Code section.#
- (c)
No creditable service obtained pursuant to this Code section shall be used to calculate the amount of creditable service required to qualify for a benefit under subsection (a) of Code Section 47-2-110 or Code Section 47-2-122.#
History
Code 1981, § 47-2-100, enacted by Ga. L. 2004, p. 574, § 1.
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 107; merge action: carried; file SHA-256 670b44b1738a.