---
title: O.C.G.A. § 47-3-40. Funds in which assets of the retirement system are to be held.
collection: code
id: 47-3-40
cite_as: O.C.G.A. § 47-3-40 (2025)
canonical_url: https://georgiacommons.org/code/47-3-40
md_url: https://georgiacommons.org/code/47-3-40.md
text_url: https://georgiacommons.org/code/47-3-40/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=270
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/47-3.md
previous: https://georgiacommons.org/code/47-3-29.md
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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 / TEACHERS RETIREMENT SYSTEM OF GEORGIA / EMPLOYEE AND EMPLOYER CONTRIBUTIONS; CREATION OF FUNDS FOR CONTRIBUTIONS, BENEFITS, AND ADMINISTRATIVE EXPENSES
---

# O.C.G.A. § 47-3-40. Funds in which assets of the retirement system are to be held.

All of the assets of the retirement system shall be credited according to the purpose for which they are held among three funds, to be known as the ‘‘annuity savings fund,’’ the ‘‘pension accumulation fund,’’ and the ‘‘expense fund.’’

## History

Ga. L. 1943, p. 640, § 8; Ga. L. 1962, p. 723, § 1.