Title 47 — Title 47
0 chapters · 311 sections in this title.
O.C.G.A. § 47-6-1 Definitions
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As used in this chapter, the term: (1) ‘‘Accumulated contributions’’ means the sum of all amounts deducted from the compensation of a member or paid by the member to establish or reestablish credit for service, which amounts are credited to his or her individual account in the sy…
O.C.G.A. § 47-6-21 Creation of the office of executive secretary
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There is created an office to be known as the ‘‘executive secretary of the Georgia Legislative Retirement System.’’ The director of the Employees’ Retirement System of Georgia shall serve as executive secretary of this system. (Ga. L. 1967, p. 259, § 14.)
O.C.G.A. § 47-6-22 Powers and duties of the board of trustees
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(a) The general administration and responsibility for the proper operation of the system and for putting this chapter into effect are vested in the board. 400 47-6-22 (b) The board shall engage such actuarial and other services as shall be required to transact the business of the…
O.C.G.A. § 47-6-25 Plan year designated
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For purposes of complying with federal Internal Revenue Service rules and regulations, the plan year for this retirement system shall be the 12 month period beginning on July 1 of each year. (Code 1981, § 47-6-25, enacted by Ga. L. 2009, p. 947, § 25/HB 202.) Effective date. — Th…
O.C.G.A. § 47-6-42 State contributions
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After April 13, 1979, the contributions of the state under this Code section to this system shall be determined by the board each year on the basis of the most recent actuarial valuation. The board shall certify to the legislative fiscal officer the amount of the state’s contribu…
O.C.G.A. § 47-6-70 Creditable service
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47-6-70.1. Prior service credit for military service. 47-6-70.2. Reestablishment of creditable service by current members who ceased being members of General Assembly and who withdrew retirement contributions. Article 6 Retirement, Retirement Allowances, and Death Benefits 47-6-8…
O.C.G.A. § 47-6-70.1 Prior service credit for military service
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Any member who served on active duty in the armed forces of the United States during any period when a military draft was in effect and who was honorably discharged from military service may receive prior service credit under this chapter for such active duty military service sub…
O.C.G.A. § 47-6-81 Optional retirement allowances
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(a) Until the first payment on account of the retirement allowance becomes normally due, any beneficiary may elect, by filing written application with the board, to convert the retirement allowance otherwise payable on his account after retirement into a retirement allowance of e…
O.C.G.A. § 47-6-85 Refund of accumulated contributions upon termination of membership
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Except as otherwise provided in Article 2 of Chapter 1 of this title, a member’s accumulated contributions shall be 100 percent vested and nonforfeitable at all times. Upon the request of a member who ceases to be a member of the system for reasons other than retirement or death,…