Georgia Code, Title 47, Chapter 3, Article 2 - Creation, Administration, and Management of the Assets of the Retirement System

• § 47-3-20 - Creation and Management of the Teachers Retirement System of Georgia; Its Powers and Privileges; Name Under Which Business Transacted
  A retirement system is established for the purpose of providing retirement allowances and other benefits under this chapter for teachers of this state and...
• § 47-3-21 - Creation and Membership of Board of Trustees; Filling of Vacancies; Per Diem, Expenses, and Oath of Office; Quorum; Creation, Membership, and Duties of Teachers Retirement System Nomination Committee
  (a) There is created a board of trustees which shall consist of ten trustees as follows: (1) The state auditor, ex officio; (2) One...
• § 47-3-22 - Election of Chairman and Executive Director of the Board of Trustees; Payments by Executive Director of Retirement System Funds; Surety Bond Required of Executive Director
  (a) The board of trustees shall elect from its membership a chairman and shall elect an executive director, who shall not be one of...
• § 47-3-23 - Designation and Duties of an Actuary for the Board of Trustees; Periodic Actuarial Investigation and Recommendations; Calculation Tables and Regular Interest Rate; Annual Valuation
  (a) The board of trustees shall designate an actuary who shall be the technical adviser of the board of trustees on matters regarding the...
• § 47-3-24 - Legal Adviser of the Board of Trustees
  The Attorney General shall be the legal adviser of the board of trustees.
• § 47-3-25 - Medical Board; Designation; Duties Regarding Medical Examinations Required Under This Chapter
  The board of trustees shall designate a medical board of three physicians who are not eligible to participate in the retirement system. Other physicians...
• § 47-3-26 - Powers and Duties of the Board of Trustees Generally
  (a) The administration and responsibility for the proper operation of the retirement system and for placing this chapter into effect are vested in the...
• § 47-3-27 - Investment Powers; Power to Maintain Cash on Deposit for Payments Under the Retirement System; Personal Interests in Investments Prohibited
  (a) The members of the board of trustees shall be the trustees of the retirement system and shall have full power to invest and...
• § 47-3-28 - Rights Exempted From Levy and Sale, Garnishment, and Other Process; Assignability; Exemptions for Other Retirement Systems; Assets and Investments and Their Transfer or Sale Exempted
  (a) The right to a pension, annuity, retirement allowance, return of contributions, the pension, annuity, or retirement allowance itself, any optional benefit, or any...
• § 47-3-29 - Deduction of Membership Dues of Nonprofit Organizations From Benefit Payments
  (a) The board of trustees is authorized, but not required, to deduct from benefit payments the membership dues of any nonprofit organization domiciled in...

Last modified: October 14, 2016