There is created the Public School Employees Retirement Fund, which shall be administered by the board. (Ga. L. 1969, p. 998, § 11.)
Creation and administration of the retirement fund
O.C.G.A. § 47-4-21, under CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE RETIREMENT SYSTEM.
O.C.G.A. § 47-4-21