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22 chapters · 673 sections in this title.
O.C.G.A. § 47-3-1 Definitions
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As used in this chapter, the term: (1) ‘‘Accumulated contributions’’ means the sum of all the amounts deducted from the earnable compensation of a member or paid by the member to establish or reestablish credit for service, which amounts are credited to his individual account in …
O.C.G.A. § 47-3-41 Beginning July 1, 1987, ‘‘accumulated contributions’’ shall include the amount of employee contributions paid by employers on behalf of members and credited to the individual accounts of members in th
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(2) ‘‘Actuarial equivalent’’ means a benefit of equal value when computed at regular interest upon the basis of the mortality tables last adopted by the board of trustees. (3) ‘‘Annuity’’ means annual payments for life derived from the accumulated contributions of a member. (4) ‘…
O.C.G.A. § 47-3-20 Creation and management of the Teachers Retirement System of Georgia; its powers and privileges; name under which business transacted
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A retirement system is established for the purpose of providing retirement allowances and other benefits under this chapter for teachers of this state and is placed under the management of the board of trustees. It shall have the power and privileges of a corporation, the right t…
Creation and membership of board of trustees; filling of vacancies; per diem, expenses, and oath of office; quorum; creation, membership, and duties of Teachers Retirement System Nomination Committee
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(a) There is created a board of trustees which shall consist of ten trustees as follows: (1) The state auditor, ex officio; (2) One member who shall be an active member of the Teachers Retirement System of Georgia who is a classroom teacher and is not an employee of the Board of …