Georgia Commons

Title 47. RETIREMENT AND PENSIONS

Chapter 1. GENERAL PROVISIONS

43 sections · 47-1-1 to 47-1-86

Article 1. IN GENERAL

  1. 47-1-1Intent of codification and enactment of this title.
  2. 47-1-2Pooling of funds by retirement systems for investment purposes; accounting practices with regard to pooled funds.
  3. 47-1-3Power of a local retirement system to hire an actuary; payment of the administrative costs of a local retirement system; periodic actuarial investigations; annual financial report.
  4. 47-1-4Report of the state auditor on the condition of local retirement systems.
  5. 47-1-5Duty of governing authorities to make and file actuarial investigations and to file financial reports; withholding of state funds for failure to meet this duty.
  6. 47-1-6Effect of World War II armed forces service on retirement benefits; payments to retirement systems for such periods.
  7. 47-1-7Powers of retirement, pension, or emeritus systems or funds with regard to agents employed to act as custodians of assets or investment advisers.
  8. 47-1-8Restrictions on ability of members of the General Assembly to receive pension plan credit for service in the General Assembly.
  9. 47-1-9Crediting of time toward Georgia Legislative Retirement System; restriction on crediting; options for members; refund of contributions; construction of conflicting provisions.
  10. 47-1-10Adoption, amendment, or repeal of rules by boards of trustees of state retirement or pension systems; procedure; immediate adoption; filing of rules with Secretary of State; adoption of rules and regulations appropriate or necessary to maintain qualified status.
  11. 47-1-11Creditable service not allowed for military service from which discharge was other than honorable.
  12. 47-1-12Investment and reinvestment of assets of local retirement system; valuation and limitation on investments; duties of state auditor.
  13. 47-1-13Maximum compensation used in computing employee and employer contributions.
  14. 47-1-13.1Annual compensation limits in determining benefits or contributions due.
  15. 47-1-14‘‘Retirement system’’ defined; records exempt from public inspection.
  16. 47-1-15Circumstances when survivors benefits are paid to secondary beneficiary.
  17. 47-1-16Public retirement systems prohibited from having insurable interest in members; prohibition on expending or obligating funds for purchase of life insurance on members; exception.
  18. 47-1-17Required education for public retirement system trustees.

Article 2. RESTRICTIONS AND PROHIBITIONS ON MEMBERSHIP IN PUBLIC RETIREMENT OR PENSION SYSTEMS

  1. 47-1-20Definitions.
  2. 47-1-21Termination of membership in public retirement system for committing public employment related crimes; applicability to employees on July 1, 1985; determination of benefits.
  3. 47-1-22Reduction and forfeiture of rights and benefits by public employees after July 1, 1985, for committing public employment related crimes; reimbursement of contributions.
  4. 47-1-22.1Rights and benefits of employees convicted of drug related crimes.
  5. 47-1-22.2Notification to public retirement system of conviction for public employment related crime.
  6. 47-1-23Rights of public employee charged with committing public employment related crime.
  7. 47-1-24Benefits denied to beneficiary who murders or commits voluntary manslaughter of member of public retirement system.
  8. 47-1-25Determination of economic impact of public employment related crime.

Article 3. INCREASE OF BENEFITS TO OFFSET TAXES

  1. 47-1-30Authority to increase benefits.
  2. 47-1-31Discretionary postretirement benefit increases subject to reduction by subsequent legislation.

Article 4. CREDITABLE SERVICE DURING TEMPORARY DISABILITY

  1. 47-1-40Definitions.
  2. 47-1-41Employees authorized to receive creditable service for period of temporary disability; application for creditable service; payment of employee contributions during period.
  3. 47-1-42Use of other provisions of article not precluded.
  4. 47-1-43Applicability of article; proof of temporary disability.

Article 5. ESTABLISHING CREDITABLE SERVICE BY VETERANS

  1. 47-1-60Definitions.
  2. 47-1-61Eligibility of veteran to establish creditable service; period of qualified service.
  3. 47-1-62Procedure for establishment of creditable service; computations; employer contributions; system or fund unable to provide creditable service.

Article 6. CONFORMITY WITH FEDERAL LAW

  1. 47-1-80Distributions to conform to regulations issued under the Internal Revenue Code.
  2. 47-1-80.1Provisions applicable to all public retirement or pension systems; maximum annuity paid; limitation on death and disability benefits; application of federal provisions.
  3. 47-1-81Election to have a portion of an eligible rollover distribution paid to an eligible retirement plan under federal law; limitations; application to nonspouse designated beneficiary.
  4. 47-1-82Maximum annual additions and maximum benefit payable limited to that allowed by federal law.
  5. 47-1-83Vesting of member’s accrued benefit as of date of termination or partial termination of public retirement or pension system.
  6. 47-1-84Modifications by board of trustees.
  7. 47-1-85Assets of public retirement or pension system to be held in trust.
  8. 47-1-86Adopted plan document or rules and regulations govern.