Title 47 — Title 47
0 chapters · 311 sections in this title.
O.C.G.A. § 47-25-1 Definitions
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As used in this chapter, the term: (1) ‘‘Average final monthly compensation’’ means the average monthly earnable compensation of any employee during his or her highest 24 months of creditable service. (2) ‘‘Board’’ means the Board of Commissioners of the Magistrates Retirement Fu…
O.C.G.A. § 47-25-100 Insufficient funds from which to pay benefits
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If the board determines that the funds derived from the sources provided for in this chapter are not actuarially sufficient at any time to enable the board to pay in full each person determined to be entitled to the benefits provided for, plus all contingent and other liabilities…
O.C.G.A. § 47-25-101 Exemption of funds from attachment, garnishment, or judgment; assignability
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None of the funds provided for in this chapter shall be subject to attachment, garnishment, or judgment rendered against the person entitled to receive the same. Such funds shall not be assignable. (Code 1981, § 47-25-101, enacted by Ga. L. 2006, p. 246, § 1/SB 244.) 748
O.C.G.A. § 47-25-20 Board of Commissioners created; members; term of office
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(a) There is created the Board of Commissioners of the Magistrates Retirement Fund of Georgia. The board shall consist of seven members as follows: (1) The Governor or the Governor’s designee; (2) An appointee of the Governor who is not the Attorney General; and (3) Five full-tim…
O.C.G.A. § 47-25-21 Secretary-treasurer
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(a)(1) There is created the office of secretary-treasurer of the board. The secretary-treasurer shall be elected and appointed by the board and shall serve at the pleasure of the board. His or her compensation and duties may be fixed by the board. In addition to such salary, the …
O.C.G.A. § 47-25-22 Powers and duties
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(a) The board is granted the following powers and duties: (1) To provide for the collection of all moneys provided in this chapter; (2) To pay the administrative expenses of the board; (3) To hear and decide all applications for retirement benefits under this chapter; 741 47-25-2…
O.C.G.A. § 47-25-23 Control of funds; investments
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(a) The board shall have control of all funds provided for in this chapter and all funds shall be received and disbursed from a special account to the credit of the board. The expenses of administering this fund and the benefits provided for in this chapter shall be paid from suc…
O.C.G.A. § 47-25-24 Gifts, grants, and bequests
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The board may take, by gift, grant, or bequest, any money, real or personal property, or any other thing of value and may hold or invest it for the use and purposes of the fund in accordance with this chapter. (Code 1981, § 47-25-24, enacted by Ga. L. 2006, p. 246, § 1/SB 244.) 4…
O.C.G.A. § 47-25-25 Permanent records
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The board shall keep permanent records of all persons who qualify to participate in the benefits of this chapter, an accurate record of all payments and disbursements, and a detailed record of all the acts and doings of the board. (Code 1981, § 47-25-25, enacted by Ga. L. 2006, p…
O.C.G.A. § 47-25-26 Board of Commissioners created; members; term of office
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Secretary-treasurer. Powers and duties. Control of funds; investments. Gifts, grants, and bequests. Permanent records. Annual audit of board activity. 47-25-81. 47-25-82. 47-25-83. 47-25-84. 47-25-85. 47-25-86. Article 3 Membership 47-25-40. 47-25-41. Article 6 Qualifications. Me…
O.C.G.A. § 47-25-40 Qualifications
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Before any person shall be eligible to participate in the fund, he or she must be serving as a duly qualified and commissioned full-time chief 743 47-25-80 magistrate of a county of the State of Georgia or as the secretary-treasurer. Any qualified person who desires to participat…
O.C.G.A. § 47-25-41 Member dues
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Each member shall pay into the fund as dues the sum of $105.00 per month. Each month’s dues shall be paid not later than the tenth day of that month. (Code 1981, § 47-25-41, enacted by Ga. L. 2006, p. 246, § 1/SB 244.) ARTICLE 4 FEES 47-25-60. Collection of fees; accurate records…
O.C.G.A. § 47-25-60 Collection of fees; accurate records
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(a) In addition to all other legal costs, the sum of $3.00 shall be charged and collected in each civil matter or proceeding filed in the magistrate courts. (b) The clerks of the magistrate courts shall collect the fees provided for in subsection (a) of this Code section and the …
O.C.G.A. § 47-25-80 Requirements for receiving benefits
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In order for a member to be eligible to receive retirement benefits under this chapter, he or she must have: (1) Served as a regularly qualified and commissioned full-time chief magistrate or as the secretary-treasurer for at least eight years; (2) Fully complied with this chapte…
O.C.G.A. § 47-25-81 Amount of benefit
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Any member who is approved for retirement benefits as provided in Code Section 47-25-80 shall be paid a monthly sum equal to 4 percent of his or her average final monthly compensation for each year served by the member up to, but not exceeding, a total of 20 years; provided, howe…
O.C.G.A. § 47-25-82 Benefits for surviving spouse
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(a) As used in this Code section, the term ‘‘surviving spouse’’ means the person who was married to a member on the date of the member’s death. (b) Upon the death of any member who is then receiving retirement benefits and upon the surviving spouse of such member attaining 60 yea…
O.C.G.A. § 47-25-83 Refund of dues
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(a) Any member, after ceasing to serve as a full-time chief magistrate or as the secretary-treasurer and after waiving any right to retirement benefits in writing on a form to be provided by the board, may apply for and be refunded all dues paid, together with 5 percent simple in…
O.C.G.A. § 47-25-84 Total and permanent disability
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Notwithstanding any other provisions of this chapter to the contrary, a member may retire after completing four years of creditable service if he or she becomes totally and permanently disabled after commencing service as a full-time chief magistrate or as the secretary-treasurer…