Official Code of Georgia Annotated

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

47-5-47. Return of contributions to employee or employee’s estate.

Active

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

Except as otherwise provided with respect to the provision of death benefits under a plan, plans providing for retirement benefits established under this chapter shall provide that mandatory contributions made by a participating employee shall be returned to such employee’s surviving spouse or to the estate of the participant or the participant’s pre-retirement beneficiary in the event of death before retirement. If the employee is separated from employment prior to the time he or she is eligible for retirement benefits, such contributions shall be returned unless the employee chooses to claim his or her vested benefits, in which case the employee contributions shall remain with the fund until such time as the employee becomes eligible for the vested benefits. Such contributions may be returned without interest or with such interest as is provided in the plan.

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, § 47-5-47, enacted by Ga. L. 1984, p. 1041, § 11; Ga. L. 2015, p. 898, § 4/HB 266.

Amendments

The 2015 amendment, effective July 1, 2015, substituted “Except as otherwise provided with respect to the provision of death benefits under a plan, plans” for “Plans” at the beginning of this Code section; substituted “employee’s surviving spouse or to the estate of the participant or the participant’s pre-retirement beneficiary” for “employee or his estate” near the middle of this Code section; and near the end of this Code section, substituted “he or she is eligible” for “he is eligible” and substituted “his or her vested benefits” for “his vested benefits”.

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)-pdf.pdf, Volume V35, 2010 edition, 2025 supplement, pages 103 to 104; merge action: replaced; file SHA-256 b2fa8236f7f1.

Ask about this section

The answer is drawn from this section and, when they fit, the other sections of its chapter. It quotes the text and names the section for each claim. Not legal advice.