---
title: O.C.G.A. § 47-2-353. Service retirement allowance.
collection: code
id: 47-2-353
cite_as: O.C.G.A. § 47-2-353 (2025)
canonical_url: https://georgiacommons.org/code/47-2-353
md_url: https://georgiacommons.org/code/47-2-353.md
text_url: https://georgiacommons.org/code/47-2-353/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=232
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.
up: https://georgiacommons.org/code/47-2.md
previous: https://georgiacommons.org/code/47-2-352.md
next: https://georgiacommons.org/code/47-2-354.md
index: https://georgiacommons.org/code/index.md
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 / EMPLOYEES’ RETIREMENT SYSTEM OF GEORGIA / GEORGIA STATE EMPLOYEES’ PENSION AND SAVINGS PLAN
---

# O.C.G.A. § 47-2-353. Service retirement allowance.

Every member subject to this article shall, upon becoming eligible under the provisions of this chapter, be entitled to a service retirement allowance, which shall consist of:

(1) An annuity which shall be the actuarial equivalent of the member’s accumulated contributions at the time of retirement; and

(2) A monthly pension which, together with the annuity, shall provide a total retirement allowance equal to 1 percent, or such future amount up to 2 percent to be set by the board of trustees in direct relation to any increased appropriations provided by the General Assembly expressly for such increase, of the member’s highest average monthly earnable compensation during a period of 24 consecutive calendar months while a member of the retirement system, multiplied by the number of the member’s years of creditable service; provided, however, that for members employed on or after July 1, 2009, no salary increase by adjustment in compensation in any manner during the last 12 months, which increase is in excess of 5 percent, shall be included in such computation.

## History

Code 1981, § 47-2-353, enacted by Ga. L. 2008, p. 1005, § 1/SB 328; Ga. L. 2009, p. 322, § 5/HB 476.

## Other Notes

The 2009 amendment, effective July 1, 2009, in paragraph (2), substituted ‘‘1 percent’’ for ‘‘1.0 percent’’ near the beginning and added the proviso at the end.