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Código Oficial de Georgia Anotado

Título 47. RETIREMENT AND PENSIONS · Capítulo 11. JUDGES OF THE PROBATE COURTS RETIREMENT FUND OF GEORGIA · Artículo 2. CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE FUND

47-11-22. Powers and duties of the board.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    The board is granted the following powers and duties:#

    1. (1)

      To provide for the collection of all moneys provided in this chapter;#

    2. (2)

      To pay the administrative expenses of the board;#

    3. (3)

      To hear and decide all applications for retirement benefits under this chapter;#

    4. (4)

      To make payment of all retirement benefits that may be determined to be due under the terms of this chapter;#

    5. (5)

      To make all necessary rules and regulations, not inconsistent with the laws of the state, for its government and for the government of the employees of the board;#

    6. (6)

      To determine and fix rules of eligibility of persons to receive retirement benefits;#

    7. (7)

      To make refunds and repayments to persons who may be entitled to receive them; and#

    8. (8)

      To keep all records of its meetings.#

  2. (b)

    The board shall also have all powers necessary for the purpose of administering this chapter.#

  3. (c)
    1. (1)

      Subject to the terms and limitations of this subsection, the board of commissioners is authorized to adopt from time to time a method or methods of providing for increases in the maximum monthly retirement benefit payable under Article 5 of this chapter for persons theretofore or thereafter retiring under this chapter. Such method shall be based upon:#

      1. (A)

        The recommendation of the actuary of the board of commissioners;#

      2. (B)

        The maintenance of the actuarial soundness of the fund in accordance with the standards provided in Code Section 47-20-10 or such higher standards as may be adopted by the board; and#

      3. (C)

        Such other factors as the board deems relevant.#

      4. Any such increase may be uniform or may vary in accordance with the time of retirement, length of service, age, nature of the retirement, or such other factors as the board of commissioners shall determine.

    2. (2)

      Any provision of paragraph (1) of this subsection to the contrary notwithstanding, no benefit increase shall be awarded under this subsection greater than 1.5 percent in any six-month period.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Ga. L. 1958, p. 185, § 4; Ga. L. 1993, p. 801, § 1; Ga. L. 1994, p. 92, § 1; Ga. L. 2010, p. 1207, §§ 64, 66/SB 436; Ga. L. 2014, p. 179, § 2/HB 601.

Amendments

The 2014 amendment, effective July 1, 2014, substituted the present provisions of paragraph (c)(2) for the former provisions, which read: “Any provision of paragraph (1) of this subsection to the contrary notwithstanding, no member who receives an annual cost-of-living benefit increase pursuant to subsection (e) of Code Section 47-11-71 shall receive a benefit increase under this subsection greater than 1 percent of the maximum monthly benefit then in effect; provided, however, that no such member shall receive any such increase unless the members not entitled to a benefit increase under subsection (e) of Code Section 47-11-71 receive a like amount plus an additional increase of 2 percent of the maximum benefit then in effect; provided, further, that no benefit increase shall be awarded under this subsection greater than 1.5 percent in any six-month period.”

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t47-(v35)-pdf.pdf, Volumen V35, edición 2010, suplemento de 2025, páginas 139 a 140; acción de fusión: replaced; SHA-256 del archivo b2fa8236f7f1.