---
title: O.C.G.A. § 47-4-20. Creation and administration of the retirement system; corporate powers and privileges; rights in actions; name under which retirement system business shall be transacted.
collection: code
id: 47-4-20
cite_as: O.C.G.A. § 47-4-20 (2025)
canonical_url: https://georgiacommons.org/code/47-4-20
md_url: https://georgiacommons.org/code/47-4-20.md
text_url: https://georgiacommons.org/code/47-4-20/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=356
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/47-4.md
previous: https://georgiacommons.org/code/47-4-2.md
next: https://georgiacommons.org/code/47-4-21.md
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 / PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM / CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE RETIREMENT SYSTEM
---

# O.C.G.A. § 47-4-20. Creation and administration of the retirement system; corporate powers and privileges; rights in actions; name under which retirement system business shall be transacted.

There is created a retirement system which shall be placed under the management and control of the board for the purposes of providing retirement benefits and other benefits under this chapter for public school employees. It shall be a budget unit of the state government and shall have the power and privileges of a corporation and the right to bring and defend actions and to implead and be impleaded. It shall be known as the ‘‘Public School Employees Retirement System,’’ and by such name all of its business shall be transacted, all of its funds shall be invested, and all of its cash, securities, and other property shall be held.

## History

Ga. L. 1969, p. 998, § 3.