Georgia Statutes

§ 47-3-44 — Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest

Georgia·Title 47

All interest and dividends earned on the funds of the retirement system shall be credited to the pension accumulation fund. Once each year the board of trustees shall transfer from the pension accumulation fund to the annuity savings fund such amounts as are sufficient to allow regular interest on the balances of the individual accounts of members in the annuity savings fund.

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Georgia § 47-3-44 (Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Teachers Retirement System of Ga. v. Plymel

676 S.E.2d 234 (Court of Appeals of Georgia, 2009)

5 case citations

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

§ 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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