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Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 4. PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM · Article 6. RETIREMENT, RETIREMENT ALLOWANCES, AND DISABILITY BENEFITS

47-4-105. Postretirement benefit adjustments.

Active

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

  1. The board is authorized to grant postretirement benefit adjustments from time to time for the purpose of maintaining essentially no less purchasing power for persons receiving benefits pursuant to the provisions of this chapter. Granting postretirement benefit adjustments shall be based on the following factors:

  2. (1)

    The recommendations of the actuary for the retirement system;#

  3. (2)

    Maintaining the actuarial soundness of the retirement system;#

  4. (3)

    Appropriations by the General Assembly if appropriations are made for the purpose of granting such postretirement benefit adjustments; and#

  5. (4)

    Such other factors as the board finds relevant.#

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, § 47-4-105, enacted by Ga. L. 1988, p. 879, § 1.

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