Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 3. TEACHERS RETIREMENT SYSTEM OF GEORGIA · Article 7. RETIREMENT ALLOWANCES, DISABILITY BENEFITS, AND SPOUSES’ BENEFITS

47-3-126. Postretirement benefit adjustments.

Active

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

The board of trustees is authorized to adopt a method of providing postretirement benefit adjustments for a beneficiary in his postretirement years. Such method of adjustment may result in the adoption by the board of trustees of a method of financing other than that described in paragraphs (1) through (3) of Code Section 47-3-43 and shall be based upon:
(1)
Recommendation of the actuaries for the board of trustees; and#
(2)
Maintaining the actuarial soundness of the system.#
The board of trustees may specify a minimum age which a beneficiary must have attained in order to be eligible for the postretirement benefit adjustment.

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. 1969, p. 391, § 1; Ga. L. 1971, p. 573, § 1; Ga. L. 1975, p. 1601, § 1; Ga. L. 1977, p. 1011, § 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 337; merge action: carried; file SHA-256 670b44b1738a.

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