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Georgia Commons

Título 47. RETIREMENT AND PENSIONS

Capítulo 3. TEACHERS RETIREMENT SYSTEM OF GEORGIA

72 secciones · 47-3-1 a 47-3-142

Legible por máquinas https://georgiacommons.org/code/47-3.md · https://georgiacommons.org/code/index.md · MCP https://mcp.georgiacommons.org/mcp

Artículo 1. GENERAL PROVISIONS

  1. 47-3-1Definitions.

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

  1. 47-3-20Creation and management of the Teachers Retirement System of Georgia; its powers and privileges; name under which business transacted.
  2. 47-3-21Creation and membership of board of trustees; filling of vacancies; per diem, expenses, and oath of office; quorum; creation, membership, and duties of Teachers Retirement System Nomination Committee.
  3. 47-3-22Election of chairman and executive director of the board of trustees; payments by executive director of retirement system funds; surety bond required of executive director.
  4. 47-3-23Designation and duties of an actuary for the board of trustees; periodic actuarial investigation and recommendations; calculation tables and regular interest rate; annual valuation.
  5. 47-3-24Legal adviser of the board of trustees.
  6. 47-3-25Medical board; designation; duties regarding medical examinations required under this chapter.
  7. 47-3-26Powers and duties of the board of trustees generally.
  8. 47-3-27Investment powers; power to maintain cash on deposit for payments under the retirement system; personal interests in investments prohibited.
  9. 47-3-28Rights exempted from levy and sale, garnishment, and other process; assignability; exemptions for other retirement systems; assets and investments and their transfer or sale exempted.
  10. 47-3-29Deduction of membership dues of nonprofit organizations from benefit payments.

Artículo 3. EMPLOYEE AND EMPLOYER CONTRIBUTIONS; CREATION OF FUNDS FOR CONTRIBUTIONS, BENEFITS, AND ADMINISTRATIVE EXPENSES

  1. 47-3-40Funds in which assets of the retirement system are to be held.
  2. 47-3-41Annuity savings fund generally.
  3. 47-3-41.1Payment of employee contributions by employers; mandatory nature; vesting.
  4. 47-3-42Employer’s duty to deduct, collect, and remit employee contributions; effect of failure to deduct, collect, and remit such contributions.
  5. 47-3-43Pension accumulation fund generally.
  6. 47-3-44Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest.
  7. 47-3-45Obligations of the pension accumulation fund; permissible uses of the assets of the pension accumulation fund and of income, interest, and dividends.
  8. 47-3-46Date on which contributions to the retirement system are to commence.
  9. 47-3-47Purpose of the expense fund.
  10. 47-3-48Certification to employers of normal and accrued liability contribution rates; estimates by employers of contributions for coming year; requests for appropriations.
  11. 47-3-49Effective date of chapter; effect of appropriation of funds on the obligation to make employee and employer contributions to the retirement system.

Artículo 4. MEMBERSHIP IN THE RETIREMENT SYSTEM

  1. 47-3-60Eligibility; termination; leaves of absence; service credit for postgraduate study; transfer of service credit.
  2. 47-3-61Membership of persons who teach in both a public and private school system; payment of employer contributions for such persons.Derogada
  3. 47-3-62Membership of visiting teachers and attendance officers employed in lieu of visiting teachers.
  4. 47-3-63Membership of full-time public school support personnel; employee and employer contributions; creditable service.
  5. 47-3-64Public school teachers and employees who are covered by local retirement fund and who accept employment with private nonsectarian schools eligible for state grants.Derogada
  6. 47-3-65Membership, rights, and benefits in local retirement funds.
  7. 47-3-66Membership of teachers who are employed by independent school systems; creditable service.
  8. 47-3-67Membership of teachers who are employed by certain county school systems; transfer from local retirement fund; creditable service; contributions.
  9. 47-3-68Membership of eligible university system employees.

Artículo 5. SERVICE CREDITABLE TOWARD RETIREMENT BENEFITS

  1. 47-3-80Power of the board of trustees to determine which service is creditable service.
  2. 47-3-81Transfer of service credits from Employees’ Retirement System of Georgia; limitations; additional contributions or adjustments required.
  3. 47-3-82Reestablishment of creditable service by persons who have withdrawn their contributions.
  4. 47-3-83Service credit for active duty service in the armed forces of the United States; limitations on credit for such service if used to obtain other state or federal retirement benefits.
  5. 47-3-84Credit for service rendered by members who have breaks in membership; payments required to obtain such credit.
  6. 47-3-84.1Certain former members of the system who have not withdrawn contributions.
  7. 47-3-84.2Credit for service by members described in subparagraphs (N) and (P) of paragraph (28) of Code Section 47-3-1.Derogada
  8. 47-3-85Credit for service by former member of Employees’ Retirement System of Georgia who withdrew contributions; credit for service before that retirement system established.
  9. 47-3-86Issuance of a prior service certificate; evidentiary effect of such certificate; credit for prior service rendered by members who previously elected nonmembership.
  10. 47-3-87Accumulated contributions for prior service; local retirement fund service included; determination of earnable compensation received during prior service.Derogada
  11. 47-3-87.1Credit for service rendered in independent school system prior to, but not later than, June 30, 1979.
  12. 47-3-88Credit for service rendered to a local school system by persons who became members on or after April 1, 1966; payments required in order to obtain such credit.
  13. 47-3-89Credit for service rendered in governmentally supported or operated schools other than public schools in Georgia; payments required to obtain credit for such service.
  14. 47-3-90Absence from employment because of pregnancy.
  15. 47-3-91Credit for service for visiting scholars.
  16. 47-3-92Absence from employment because of sick leave; creditable service.
  17. 47-3-93Additional creditable service for members with at least 25 years of creditable service.
  18. 47-3-94Credit for service while employed by nonprofit corporation under contract with state agency; requirements.Derogada
  19. 47-3-95Credit for service in private schools.

Artículo 6. RETIREMENT AND ELIGIBILITY FOR RETIREMENT ALLOWANCES

  1. 47-3-100Service which is creditable toward a retirement allowance.
  2. 47-3-101Eligibility and application for retirement; retirement age; duration of benefits paid to a retired member; payment to maintain Teachers Retirement System.
  3. 47-3-102Early retirement after 30 years’ service; time for application; payment by member of actuarial cost.

Artículo 7. RETIREMENT ALLOWANCES, DISABILITY BENEFITS, AND SPOUSES’ BENEFITS

  1. 47-3-120Allowance on service retirement; minimum retirement allowance; reduced allowance; increase; computation of average compensation.
  2. 47-3-121Optional retirement allowances; election of such options; revocation of election; effect of divorce.
  3. 47-3-122Eligibility and application for disability benefits; amount of disability benefits; reexamination of recipients; reduction.
  4. 47-3-123Benefits payable upon the death of a member before retirement.
  5. 47-3-124Application of minimum retirement allowances to persons who retired pursuant to county, municipal, or local board of education retirement or pension systems.
  6. 47-3-125Application of increases in retirement benefits to persons who retired pursuant to county, municipal, or local board of education retirement or pension systems.
  7. 47-3-126Postretirement benefit adjustments.
  8. 47-3-126.1Postretirement benefit adjustments effective July 1, 1984.
  9. 47-3-126.2Postretirement benefit adjustments effective July 1, 1986.
  10. 47-3-126.3Postretirement benefit adjustments.
  11. 47-3-126.4Postretirement benefit for beneficiary.
  12. 47-3-127Effect of restoration to service on retirement allowances; creditable service after restoration to service.
  13. 47-3-127.1Full-time employment of beneficiaries permitted under limited conditions; required employer contributions; areas of highest need.
  14. 47-3-128Payment of accumulated contributions upon request after termination of membership; payment of taxable portion to eligible retirement plan.
  15. 47-3-129Rights when retire before 60 with ten years of service or 20 years before 1954; reestablishment of credits earned before that retirement.
  16. 47-3-130Commencement of benefits under this retirement system; retirement after January 1, 1943, but before the commencement date.

Artículo 8. MISCELLANEOUS PROVISIONS

  1. 47-3-140Application of other state funded pension or retirement benefits to members and beneficiaries of this retirement system.
  2. 47-3-141Attempts to defraud the retirement system by means of false statements or falsified records; adjustment of erroneous payments.
  3. 47-3-142Rights and benefits of persons convicted of murder, voluntary manslaughter, or conspiracy to commit either upon a member or retiree.