Title 47 — Title 47
0 chapters · 311 sections in this title.
O.C.G.A. § 47-24-1 Definitions
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As used in this chapter, the term: (1) ‘‘Board’’ means the Board of Trustees of the Employees’ Retirement System of Georgia. 731 47-24-21 (2) ‘‘Creditable service’’ means prior service, membership service, and other service for which credit is allowed toward retirement under this…
O.C.G.A. § 47-24-100 Eligibility; effective date and application
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(a) Upon the written application to the board, any member of the fund who: (1) Has attained the age of 60 years; (2) Has completed 20 or more years of creditable service, at least 15 of which were service as a member of the Georgia National Guard; (3) Served at least ten consecut…
O.C.G.A. § 47-24-101 Retirement allowance — Amount
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Upon retirement under subsection (a) of Code Section 47-24-100, the retired member shall receive a monthly service retirement allowance of $50.00 plus an additional $5.00 per month for each year of creditable service over 20 years, up to a maximum monthly benefit of $100.00. (Cod…
O.C.G.A. § 47-24-102 Editor’s notes
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— Pursuant to Section 2 of Ga. L. 1998, p. 147, which reads, ‘‘If that legislation creating the Georgia Judicial Retirement System, designated as 1997 House Bill 751, is enacted and becomes law, this Act shall amend Code Section 47-23-102 of the Official Code of Georgia Annotated…
O.C.G.A. § 47-24-120 Penalty for falsification of records
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Any person who knowingly makes any false statements or falsifies or permits to be falsified any records of the fund in any attempt to defraud the fund, as a result of such an act, shall be guilty of a misdemeanor and, on conviction, shall be punished by a fine not to exceed $500.…
O.C.G.A. § 47-24-121 Correction of errors
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If any change or error in the records results in any member or beneficiary receiving from the fund more or less than he or she would have been entitled to receive had the records been correct, the board shall have the power to correct such error and to adjust the payments as far …
O.C.G.A. § 47-24-122 Provisions are noncontractual
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The benefits provided under this chapter shall not be a part of any contract and shall be subject to future legislation. (Code 1981, § 47-24-122, enacted by Ga. L. 2002, p. 1153, § 1.) 738 T.47, C.25 CHAPTER 25 MAGISTRATES RETIREMENT FUND Sec. 47-25-1. Article 1 Article 5 General…
O.C.G.A. § 47-24-20 Creation; administration; power and privileges
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(a) A pension fund is created and placed under the administration of the Board of Trustees of the Employees’ Retirement System of Georgia to provide retirement allowances and other benefits for members of the Georgia National Guard. The pension fund shall begin operation as of Ju…
O.C.G.A. § 47-24-21 Executive secretary
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There is created an office to be known as the executive secretary of the Georgia Military Pension Fund. The director of the Employees’ Retirement System of Georgia shall serve as executive secretary of this fund. (Code 1981, § 47-24-21, enacted by Ga. L. 2002, p. 1153, § 1.) 732 …
O.C.G.A. § 47-24-24 Accumulation account
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The accumulation account shall be the account in which all reserves for the payment of the part of all retirement allowances and other benefits payable from contributions made by the employer shall be held and from which all retirement allowances payable under the fund and the ad…
O.C.G.A. § 47-24-40 Eligibility
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All persons who are members of the Georgia National Guard on July 1, 2002, shall become members of the fund as of such date. All other persons shall become members of the fund on first becoming a member of the Georgia National Guard. (Code 1981, § 47-24-40, enacted by Ga. L. 2002…
O.C.G.A. § 47-24-80 Establishing creditable service
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The creditable service of a member shall include all established creditable prior service, service as a member of the Georgia National Guard since he or she became a member of the fund, and such other service as may be allowed as creditable service pursuant to this article. (Code…
O.C.G.A. § 47-24-81 Transfer of service credits
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In addition to the creditable service allowed pursuant to Code Section 47-24-80, any member shall receive creditable service for any past service as a member of the United States Army, Army Reserve, Army National Guard, Navy, Navy Reserve, Marine Corps, Air Force, Air Force Reser…
O.C.G.A. § 47-24-82 Exceptions
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(a) Any provision of this article to the contrary notwithstanding, no service which is used to qualify a member for a retirement or pension benefit based on length of service, age, or physical disability from any of the regular components of the United States armed forces shall b…