Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 5. GEORGIA MUNICIPAL EMPLOYEES BENEFIT SYSTEM · Article 3. RETIREMENT PLANS

47-5-44. Credit for prior service.

Active

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

Each member employer that has adopted a plan providing retirement benefits under Code Section 47-5-40 is authorized in its plan and contract to determine what credit, if any, shall be allowed for prior service. The financial liability incurred by the member employer for any such prior service credits allowed shall be actuarially determined and incorporated in the contract, which shall set forth the manner in which such liability shall be defrayed by the member employer.

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.

Code 1981, § 47-5-44, enacted by Ga. L. 1984, p. 1041, § 11.

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