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

• § 47-3-40 - Funds in Which Assets of the Retirement System are to Be Held
  All of the assets of the retirement system shall be credited according to the purpose for which they are held among three funds, to...
• § 47-3-41 - Annuity Savings Fund Generally
  (a) The annuity savings fund shall be the fund in which shall be accumulated the contributions deducted from the compensation of members to provide...
• § 47-3-41.1 - Payment of Employee Contributions by Employers; Mandatory Nature; Vesting
  (a) Beginning on July 1, 1987, each employer shall pay to the board of trustees on behalf and to the credit of each member...
• § 47-3-42 - Employer's Duty to Deduct, Collect, and Remit Employee Contributions; Effect of Failure to Deduct, Collect, and Remit Such Contributions
  (a) It shall be the duty of each county board of education, the board of education of each independent school system, and of each...
• § 47-3-43 - Pension Accumulation Fund Generally
  The pension accumulation fund shall be the fund in which shall be held the reserves on all annuities in force and from which shall...
• § 47-3-44 - Crediting to Pension Accumulation Fund; Annual Transfer From Pension Accumulation Fund to Provide Regular Interest
  All interest and dividends earned on the funds of the retirement system shall be credited to the pension accumulation fund. Once each year the...
• § 47-3-45 - Obligations of the Pension Accumulation Fund; Permissible Uses of the Assets of the Pension Accumulation Fund and of Income, Interest, and Dividends
  The maintenance of annuity reserves and pension reserves of the retirement system, the crediting of regular interest to the annuity savings fund, and the...
• § 47-3-46 - Date on Which Contributions to the Retirement System are to Commence
  No contributions to the retirement system shall be made by the state, by employers, or by members prior to the commencement date, except the...
• § 47-3-47 - Purpose of the Expense Fund
  The expense fund shall be the fund to which shall be credited the state funds appropriated to pay the administrative expenses of the retirement...
• § 47-3-48 - Certification to Employers of Normal and Accrued Liability Contribution Rates; Estimates by Employers of Contributions for Coming Year; Requests for Appropriations
  Thirty days prior to the time the State Board of Education fixes the minimum schedule of teachers' salaries for the ensuing year, the normal...
• § 47-3-49 - Effective Date of Chapter; Effect of Appropriation of Funds on the Obligation to Make Employee and Employer Contributions to the Retirement System
  This chapter shall become effective on March 19, 1943, but neither the state nor any other employer or member shall be obligated to make...

Last modified: October 14, 2016