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22 chapters · 673 sections in this title.
O.C.G.A. § 47-21-1 Short title
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This chapter shall be known and may be cited as the ‘‘Regents Retirement Plan Act.’’ (Code 1981, § 47-21-1, enacted by Ga. L. 1990, p. 1811, § 2.)
O.C.G.A. § 47-21-2 Definitions
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As used in this chapter, the term: (1) ‘‘Board of regents’’ means the Board of Regents of the University System of Georgia. (2) ‘‘Board of trustees’’ means the Board of Trustees of the Teachers Retirement System of Georgia. (3) ‘‘Earnable compensation’’ means the full rate of reg…
O.C.G.A. § 47-21-3 Establishment and administration of optional retirement plan; designation of companies from which contracts will be purchased
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(a) The board of regents is authorized to establish an optional retirement plan under which it may purchase annuity contracts, either fixed or variable or a combination thereof, or shares in one or more mutual funds providing retirement and death benefits which shall become the p…
O.C.G.A. § 47-21-4 Employee and other contributions
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(a) Each participating employee shall contribute to the optional retirement plan a percentage of his or her earnable compensation as determined by the board of trustees which shall be not less than 5 nor more than 6 percent. (b) The University System of Georgia shall contribute t…