Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 20. PUBLIC RETIREMENT SYSTEMS STANDARDS · Article 2. MINIMUM FUNDING STANDARDS

47-20-13. Financially sound systems exempt from minimum funding standards.

Active

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

The minimum funding standards specified by Code Section 47-20-10 shall not apply to a retirement system which holds actuarial assets in excess of 150 percent of the actuarial present value of the accumulated retirement system benefits.

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, § 47-20-13, enacted by Ga. L. 1983, p. 1368, § 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 652; merge action: carried; file SHA-256 670b44b1738a.