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Georgia Statutes

§ 47-20-13 — Financially sound systems exempt from minimum funding standards

Georgia·Title 47
The minimum funding standards specified by Code Section 47-20-10 shall not apply to a retirement system which holds actuarial assets in excess of 150 percent of the actuarial present value of the accumulated retirement system benefits.

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Georgia § 47-20-13 (Financially sound systems exempt from minimum funding standards) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
§ 47-1-1
Intent of codification and enactment of this title
§ 47-1-10
Adoption, amendment, or repeal of rules by boards of trustees of state retirement or pension systems; procedure; immediate adoption; filing of rules with Secretary of State; adoption of rules and regulations appropriate or necessary to maintain qualified status
§ 47-1-11
Creditable service not allowed for military service from which discharge was other than honorable
§ 47-1-12
Investment and reinvestment of assets of local retirement system; valuation and limitation on investments; duties of state auditor
§ 47-1-13
Maximum compensation used in computing employee and employer contributions
§ 47-1-13-1
Annual compensation limits in determining benefits or contributions due
§ 47-1-14
"Retirement system" defined; records exempt from public inspection
§ 47-1-15
Circumstances when survivors benefits are paid to secondary beneficiary
§ 47-1-16
Public retirement systems prohibited from having insurable interest in members; prohibition on expending or obligating funds for purchase of life insurance on members; exception
§ 47-1-17
Required education for public retirement system trustees
§ 47-1-2
Pooling of funds by retirement systems for investment purposes; accounting practices with regard to pooled funds
§ 47-1-20
Definitions
§ 47-1-21
Termination of membership in public retirement system for committing public employment related crimes; applicability to employees on July 1, 1985; determination of benefits
§ 47-1-22
Reduction and forfeiture of rights and benefits by public employees after July 1, 1985, for committing public employment related crimes; reimbursement of contributions
§ 47-1-22-1
Rights and benefits of employees convicted of drug related crimes
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