Georgia Statutes

§ 47-23-1 — Definitions

Georgia·Title 47

As used in this chapter, the term:

(1)"Accumulated contributions" means the sum of all 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 or her individual account together with regular interest thereon. Such term shall also include the amount of employee contributions paid by the employer on behalf of members, together with regular interest thereon, excluding employee contributions paid by the employer or the employee for group term life insurance coverage.
(2)"Average earnable monthly compensation" means the average earnable monthly compensation of a member during the 24 consecutive months of creditable service producing the highest such average.
(3)"Beneficiary" means any

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Related

McKelvey v. Georgia Judicial Retirement System
678 S.E.2d 120 (Court of Appeals of Georgia, 2009)

Legislative History

Amended by 2014 Ga. Laws 562,§ 1, eff. 4/21/2014. Amended by 2009 Ga. Laws 275,§ 31, eff. 5/11/2009. Amended by 2005 Ga. Laws 103,§ 30, eff. 7/1/2005. Amended by 2004 Ga. Laws 537, § 1, eff. 7/1/2004.

Nearby Sections

15
§ 47-1-20
Definitions
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