Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 3. TEACHERS RETIREMENT SYSTEM OF GEORGIA · Article 3. EMPLOYEE AND EMPLOYER CONTRIBUTIONS; CREATION OF FUNDS FOR CONTRIBUTIONS, BENEFITS, AND ADMINISTRATIVE EXPENSES

47-3-44. Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest.

Active

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

All interest and dividends earned on the funds of the retirement system shall be credited to the pension accumulation fund. Once each year the board of trustees shall transfer from the pension accumulation fund to the annuity savings fund such amounts as are sufficient to allow regular interest on the balances of the individual accounts of members in the annuity savings fund.

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. 1943, p. 640, § 8; Ga. L. 1962, p. 723, §§ 5, 8.

Read the official page (the state's PDF, opened at the page this text was read from).

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 275; merge action: carried; file SHA-256 670b44b1738a.