The minimum funding standards specified by Code Section 47-20-10 shall not apply to a retirement system which holds actuarial assets in excess of 150 percent of the actuarial present value of the accumulated retirement system benefits. (Code 1981, § 47-20-13, enacted by Ga. L. 1983, p. 1368, § 1.) ARTICLE 3 ENFORCEMENT OF STANDARDS IN LOCAL RETIREMENT SYSTEMS
Financially sound systems exempt from minimum funding standards
O.C.G.A. § 47-20-13, under MINIMUM FUNDING STANDARDS.
O.C.G.A. § 47-20-13