Georgia Code, Title 47, Chapter 2, Article 3 - Employee and Employer Contributions and Creation of Funds for Contributions, Benefits, and Administrative Expenses

• § 47-2-50 - Funds in Which Assets of the Retirement System to Be Held
  All the assets of the retirement system shall be credited, according to the purpose for which they are held, among three funds, to be...
• § 47-2-51 - Annuity Savings Fund and Employee Contributions to It; Deductions; Effect of Default With Respect to Employer Contributions; Payments, Withdrawal, or Transfer of Funds
  (a) The annuity savings fund shall be the fund in which shall be accumulated the contributions deducted from the compensation of members in order...
• § 47-2-52 - Employer's Duty to Deduct and Report Employee Contributions; Duty of Chief Fiscal Officer to Remit Employee Contributions; Effect of Failure to Comply
  Each employer responsible for the payment of compensation to contributing members shall deduct and collect from each member's salary the employee contributions required under...
• § 47-2-53 - Effect of Failure of Any Employee, Employer, or Reporting Official to Make Contributions or to Make Reports With Respect to Employment and Membership
  Any other provisions of law to the contrary notwithstanding, if any employee, his employer, or the designated reporting official fails to make such reports...
• § 47-2-54 - Payment of State Employee Contributions on Behalf of Employees; Inclusion of Contributions in Compensation for Determining Benefits; Adjustment in Compensation of State Employees; "Pick-Up" Contributions
  (a) As used in this Code section, the term "member" shall not include a member who, prior to July 1, 1980, elected to cease...
• § 47-2-55 - Pension Accumulation Fund; Purposes; Employer Contributions; Crediting of Interest and Dividends Earned on Funds of the Retirement System
  The pension accumulation fund shall be the fund in which shall be held the reserves for all annuities in force and from which shall...
• § 47-2-56 - Maintenance of Annuity and Pension Reserves and Payment of Benefits Under This Chapter As Obligations of the Pension Accumulation Fund; Permissible Uses of Assets of the Fund
  The maintenance of annuity reserves and pension reserves, the crediting of regular interest to the annuity savings fund under Code Section 47-2-55, and the...
• § 47-2-57 - Certification of Normal Cost and Unfunded Accrued Liability Contribution Rates to Employers; Provision in Employer's Budget for Employer Contributions
  On or before June 1 of each year, the normal cost and unfunded accrued liability contribution rates, as determined on the basis of the...
• § 47-2-58 - Commencement Date for Contributions to Retirement System
  Reserved. Repealed by Ga. L. 2010, p. 1207, § 6, effective July 1, 2010.
• § 47-2-59 - Effective Date of Chapter; Effect of Budget Appropriations on Obligation of State Agency or Other Employer to Make Contributions
  This chapter shall become effective on February 3, 1949, but neither a state agency nor any other employer or member shall be obligated to...
• § 47-2-60 - Expense Fund; Purposes
  The expense fund shall be the fund to which shall be credited state or federal funds, or both, to pay the administrative expense of...

Last modified: October 14, 2016