Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 7. GEORGIA FIREFIGHTERS’ PENSION FUND · Article 7. MISCELLANEOUS PROVISIONS

47-7-120. Reduction of benefits upon determination that available moneys are insufficient; liability of members of the board for such reductions.

Active

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

If the moneys provided by this chapter are not sufficient at any time to enable the board to pay each person his benefits in full under this chapter, then those persons entitled to benefits shall be paid an equal amount, which, in the opinion of the board, the fund may provide. In no such event shall the board or any member of the board be liable to any beneficiary for any deficiencies in payments under this chapter.

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.

Ga. L. 1955, p. 339, § 8; Ga. L. 1982, p. 3, § 47.

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