Georgia § 20-2-879 Minimum annual required contributions; employer obligations

Georgia Statutes

§ 20-2-879 — Minimum annual required contributions; employer obligations

(a)The board shall annually determine the minimum annual required contributions sufficient to maintain the fund in an actuarially sound manner in accordance with Governmental Accounting Standards Board Statement No. 43 or any subsequent Governmental Accounting Standards Board statements that may be applicable to the fund.

(b)The board may annually establish required employer contributions to the fund which are supplemental to required employer contributions to the health plans as set forth in Subparts 2 and 3 of this part.

(c)It shall be the responsibility of employers to make contributions to the fund in accordance with the employer contribution rates established by the board.

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(a) The board shall annually determine the minimum annual required contributions sufficient to maintain the fund in an actuarially sound manner in accordance with Governmental Accounting Standards Board Statement No. 43 or any subsequent Governmental Accounting Standards Board statements that may be applicable to the fund. (b) The board may annually establish required employer contributions to the fund which are supplemental to required employer contributions to the health plans as set forth in Subparts 2 and 3 of this part. (c) It shall be the responsibility of employers to make contributions to the fund in accordance with the employer contribution rates established by the board.

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