17 chapters · 1,343 sections in this title.
O.C.G.A. § 20-2-875 Creation of fund; transfer of funds; use of funds
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(a) There is created the Georgia School Personnel Post-employment Health Benefit Fund to provide for the costs of post-employment health insurance benefits. The fund shall be a trust fund of public funds; the board in its official capacity shall be the fund’s trustee; and the commi…
O.C.G.A. § 20-2-876 Responsibilities and procedures for operation of fund
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(a) Responsibility for the proper operation of the fund is vested in the department. (b) The board shall adopt actuarial assumptions as it deems necessary and prudent. (c) The board may adopt any rules and regulations that it finds necessary to properly administer the fund. (d) Th…
O.C.G.A. § 20-2-877 Technical advice from actuary; valuations
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(a) The actuary employed or retained by the department shall provide technical advice to the department and to the board regarding the operation of the fund. (b) Utilizing the actuarial assumptions most recently adopted by the board, the actuary shall set annual actuarial valuati…
O.C.G.A. § 20-2-878 Commissioner authority; investment powers; prohibition of personal interest
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(a) Subject to the supervision of the board, the commissioner shall have control over the fund established by this subpart. The obligations provided for in this subpart and all administrative expenses shall be paid from the fund. The department may expend moneys from the fund for…