Ir al contenido
Georgia Commons

Código Oficial de Georgia Anotado

Título 47. RETIREMENT AND PENSIONS · Capítulo 17. PEACE OFFICERS’ ANNUITY AND BENEFIT FUND · Artículo 3. MEMBERSHIP IN AND CONTRIBUTIONS TO THE FUND

47-17-44. Amount of dues; deadline and minimum period for payments.

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)

    On and after July 1, 2021, each member shall pay monthly dues into the fund in an amount to be determined annually by the board that shall be at least $25.00, but shall not exceed $50.00.#

  2. (b)

    On and after July 1, 2024, each member shall pay monthly dues into the fund in an amount to be determined annually by the board that shall be at least $35.00, but shall not exceed $70.00.#

  3. (c)

    The base amount of monthly dues established pursuant to this Code section shall apply uniformly to all members.#

  4. (d)

    The board shall determine the monthly dues amount based on:#

    1. (1)

      The recommendation of the actuary of the board;#

    2. (2)

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

    3. (3)

      Such other factors as the board determines relevant.#

  5. (e)

    Each month’s dues shall be paid not later than the tenth day of that month. Any member of the fund who becomes delinquent in payment of dues by failure to pay the prescribed amount by the tenth of any month shall be notified of such delinquency by the executive director on the tenth of the following month. If payment is not received by the tenth of the next month, the member shall be removed from active status in the fund and notified by mail. Any member who is dropped for nonpayment of dues shall have six months from the last fully paid month to reinstate their membership. The member shall pay all back dues together with a $100.00 reinstatement fee to avoid a break in service. No previously verified creditable service credit will be lost upon reinstatement. After the six-month reinstatement period has expired, credit for prior service may only be obtained by tendering to the board an amount equal to the full actuarial cost of such time as calculated by the actuary for the fund only after the member has resumed monthly payments.#

  6. (f)

    Each member shall be required to pay such dues for a minimum period of ten years, or 15 years for individuals who became members on or after July 1, 2010, before being eligible to receive the retirement benefits under this chapter.#

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. 1950, p. 50, § 9; Ga. L. 1951, p. 472, §§ 2, 3; Ga. L. 1953, Jan.-Feb. Sess., p. 574, § 1; Ga. L. 1956, p. 280, §§ 5, 7, 8; Ga. L. 1958, p. 341, §§ 2-4; Ga. L. 1962, p. 39, §§ 2-4; Ga. L. 1965, p. 593, §§ 1, 2; Ga. L. 1968, p. 536, § 1; Ga. L. 1969, p. 74, § 1; Ga. L. 1973, p. 63, § 2; Ga. L. 1974, p. 1201, § 1; Ga. L. 1978, p. 1921, § 1; Ga. L. 1984, p. 996, § 1; Ga. L. 1992, p. 1139, § 1; Ga. L. 1994, p. 320, § 3; Ga. L. 1994, p. 776, § 3; Ga. L. 1995, p. 27, § 1; Ga. L. 2003, p. 603, § 1; Ga. L. 2020, p. 581, § 2/SB 249; Ga. L. 2024, p. 623, § 1/SB 328, effective July 1, 2024.

Amendments

The 2020 amendment, effective July 1, 2020, rewrote subsection (a), which read: “Each member shall pay into the fund as dues the sum of $20.00 per month. Each month’s dues shall be paid not later than the tenth day of that month. Each member shall be required to pay such dues for a minimum period of ten years before being eligible to receive the retirement benefits under this chapter, provided that, if such member is eligible to retire under this chapter and so desires, such member may retire, and the board shall deduct such monthly amount from his or her retirement benefits until he or she has paid dues into the fund for a period of ten years.” See Editor’s notes for comment. The 2024 amendment, effective July 1, 2024, rewrote this Code section.

Editor's notes

Ga. L. 2020, p. 581, § 5/SB 249, provides: “This Act shall become effective on July 1, 2020, only if it is determined to have been concurrently funded as provided in Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the ‘Public Retirement Systems Standards Law’; otherwise, this Act shall not become effective and shall be automatically repealed in its entirety on July 1, 2020, as required by subsection (a) of Code Section 47-20-50.” However, the Act was not signed by the Governor until August 3, 2020. The State Auditor’s determination letter on concurrent funding of fiscal retirement bills provided: “[I]t is unclear as to the effective date of this bill. Based on the information received by the Fund’s actuary, Senate Bill 249 met the provisions for concurrent funding had it become effective on July 1, 2020.” See the state auditor’s report at Ga. L. 2020, p. 380A.

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 176 a 177; acción de fusión: replaced; SHA-256 del archivo b2fa8236f7f1.