Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 22. GEORGIA DEFINED CONTRIBUTION PLAN

47-22-8. Member contributions; earnings.

Active

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

Each member shall contribute 7 1/2 percent of such member’s gross salary. Such contributions shall be made through payroll deductions. Such amount so deducted shall be credited to the individual account of the member. Earnings shall be credited to each member’s account pursuant to rules and regulations adopted by the board as prescribed by the plan document.

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

Code 1981, § 47-22-8, enacted by Ga. L. 1992, p. 1288, § 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 689; merge action: carried; file SHA-256 670b44b1738a.

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