Georgia Commons

Title 47. RETIREMENT AND PENSIONS

Chapter 20. PUBLIC RETIREMENT SYSTEMS STANDARDS

38 sections · 47-20-1 to 47-20-88

Article 1. GENERAL PROVISIONS

  1. 47-20-1Short title.
  2. 47-20-2Legislative purpose.
  3. 47-20-3Definitions.
  4. 47-20-4Publicly funded retirement system subject to chapter; not applicable to defined contribution retirement system.
  5. 47-20-5Common law duties of trustees applicable.

Article 2. MINIMUM FUNDING STANDARDS

  1. 47-20-10Minimum annual employer contribution.
  2. 47-20-10.1Other post-employment benefits.
  3. 47-20-11Minimum funding causing financial hardship in local retirement system.Repealed
  4. 47-20-12State controlled systems; certification of conformance to standards; freezing of benefits and other provisions when not in conformance.Repealed
  5. 47-20-13Financially sound systems exempt from minimum funding standards.

Article 3. ENFORCEMENT OF STANDARDS IN LOCAL RETIREMENT SYSTEMS

  1. 47-20-20Freezing of benefits and other provisions; amount of annual employer contribution.
  2. 47-20-21Triennial actuarial investigations; penalties for violations shown; list of local systems not in conformance reported triennially.

Article 4. RETIREMENT BILLS IN GENERAL ASSEMBLY · Part 1. General Provisions

  1. 47-20-30Definitions.
  2. 47-20-31Retirement bills must carry legislative counsel number when introduced; changes in bills prior to introduction.

Article 4. RETIREMENT BILLS IN GENERAL ASSEMBLY · Part 2. Nonfiscal Retirement Bills

  1. 47-20-32Prerequisites to introduction of nonfiscal retirement bill.
  2. 47-20-33Amendment of a nonfiscal retirement bill.

Article 4. RETIREMENT BILLS IN GENERAL ASSEMBLY · Part 3. Fiscal Retirement Bills

  1. 47-20-34Introduction of bill and preliminary consideration by committee.
  2. 47-20-35Perfection of bill by committee; actuarial investigation.
  3. 47-20-36Scope of actuarial investigation; certificate and summary of investigation attached to bill.
  4. 47-20-37Consideration of bill on the floor; approval of amendments by state auditor; effect of passing bill in violation of this article.

Article 5. ADMINISTRATION

  1. 47-20-50Effective date of enacted retirement bill with fiscal impact; unfunded enacted bills; requirements for retirement bills having fiscal impact.
  2. 47-20-50.1Report of funding of retirement bills having a fiscal impact; publication.
  3. 47-20-51Accrued retirement benefits are not created, enhanced, or diminished by this chapter.

Article 6. MISCELLANEOUS

  1. 47-20-60State auditor authorized to provide personnel to carry out duties under chapter; funds authorized; cooperation of state officials, agencies, and employees.
  2. 47-20-61Certificates and summaries of actuarial investigations attached to enrolled Act.
  3. 47-20-62Effective date of chapter; consideration of fiscal retirement bills by 1984 regular session.
  4. 47-20-63Requirements for exempting bills regarding Georgia Firemen’s Pension Fund from chapter provisions.Repealed
  5. 47-20-64Exemption for 1991 bill amending Code Section 47-1-30.Repealed

Article 7. PUBLIC RETIREMENT SYSTEMS INVESTMENT AUTHORITY LAW

  1. 47-20-80Short title.
  2. 47-20-81Fund defined; applicability.
  3. 47-20-82Investing funds; eligibility; investment limitation.
  4. 47-20-83Certificated or uncertificated forms of investment; real estate investments.
  5. 47-20-83.1Definitions; identification of scrutinized companies where public funds held; Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List; reporting.Repealed
  6. 47-20-84Large retirement systems.
  7. 47-20-85Compliance.
  8. 47-20-86Enforcement.
  9. 47-20-87Definitions; eligible large retirement systems authorized to invest in certain alternative investments; applicability.
  10. 47-20-88Role, duties, and responsibilities of a fiduciary.