Georgia Commons

Title 47. RETIREMENT AND PENSIONS

Chapter 4. PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM

28 sections · 47-4-1 to 47-4-121

Article 1. GENERAL PROVISIONS

  1. 47-4-1Short title.
  2. 47-4-2Definitions.

Article 2. CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE RETIREMENT SYSTEM

  1. 47-4-20Creation and administration of the retirement system; corporate powers and privileges; rights in actions; name under which retirement system business shall be transacted.
  2. 47-4-21Creation and administration of the retirement fund.
  3. 47-4-22Membership of the board; expenses and per diem; quorum for the transaction of business; chairman, secretary, and treasurer of the board.
  4. 47-4-23Exemption of members of the board from liability for their acts, omissions, and conduct; indemnification of members of the board.
  5. 47-4-24Legal adviser of the board.
  6. 47-4-25Powers and duties of the board.
  7. 47-4-26Power of board over funds; special account for deposit of funds and payment of benefits and expenses; investment powers; power to employ agents.
  8. 47-4-27Power of board to take, hold, and invest any gift, grant, or bequest.
  9. 47-4-28Duty of board to keep records of accounts in granting benefits and records of the operations of the board; annual financial statement to the General Assembly.
  10. 47-4-29Appropriations for employer contributions; creation of an expense fund; payment prior to commencement date of employer contributions and expenses of retirement system.
  11. 47-4-30Plan year designated.

Article 3. MEMBERSHIP IN THE RETIREMENT SYSTEM

  1. 47-4-40Eligibility; leaves of absence; termination; transfer of service credits.
  2. 47-4-41Membership of persons employed by local units of administration which operate local retirement systems.

Article 4. EMPLOYEE AND EMPLOYER CONTRIBUTIONS TO THE RETIREMENT SYSTEM

  1. 47-4-60Amount of contributions; manner of payment.
  2. 47-4-61Date for start of employee contributions.

Article 5. SERVICE CREDITABLE TOWARD RETIREMENT

  1. 47-4-80Determination of membership service; prior service credit and prior service certificate; creditable service; credit for membership in Teachers Retirement System.
  2. 47-4-81Effect of appropriations on credit for prior service.

Article 6. RETIREMENT, RETIREMENT ALLOWANCES, AND DISABILITY BENEFITS

  1. 47-4-100Normal, early, and delayed retirement; vesting of right to a retirement benefit.
  2. 47-4-101Retirement benefits payable upon normal, early, or delayed retirement.
  3. 47-4-102Optional retirement benefits.
  4. 47-4-103Disability retirement benefits; determination of disability.
  5. 47-4-104Benefits payable upon the death of a member; refunds to members whose employment has been terminated.
  6. 47-4-105Postretirement benefit adjustments.
  7. 47-4-106Return to public service of retired member.

Article 7. MISCELLANEOUS PROVISIONS

  1. 47-4-120Exemption of rights and benefits from state and local taxes and from legal process; restriction on assignability.
  2. 47-4-121Attempts to defraud the retirement system by means of false statements or falsified records; adjustment of erroneous payments.