Technical advice; annual actuarial valuations

Control of fund by commissioner; obligations to be paid from fund; investment powers; prohibition against personal interest. Minimum annual required contributions; employer responsibilities. Article 2 PART 2 STATE EMPLOYEES POST-EMPLOYMENT HEALTH BENEFIT FUND 45-18-35. 45-18-36. 45-18-37. 499 ‘‘Employee’’ defined. Deferred compensation plans authorized for state, municipalities, counties, or other political subdivisions. Administration of plans; participation by employees of county boards of health, school systems, Lake Allatoona Preservation Authority, the Georgia Federal-State Shipping Point Inspection Service, and the Georgia Firefighters’ Pension Fund; provision in plans for income tax deferral benefits. Payments from deferred compensation funds for purchase of insurance, endowments, annuities, mutual funds, or savings from funds derived from deferral; custodian of assets of the fund. Plans not to reduce pensions or other benefits. Plans to operate without cost to state, counties, cities, or other political subdivisions. Salary deductions; records of individual account information. Special pay plan for deferred payment of special compensation to reduce federal tax burden [Repealed]. Board of Trustees of the Employees’ Retirement System to be the successor to the State Personnel Board and Employee Benefit Council for administration of deferred compensation plans; employment Sec. of and agents. contracting with Sec.