Georgia Code
Article 6 - Conformity With Federal Law
§ 47-1-83. Vesting of Member’s Accrued Benefit as of Date of Termination or Partial Termination of Public Retirement or Pension System

In accordance with subsection (a) of the federal Treasury Regulation Section 1.401-6, in the event of a termination or partial termination of a public retirement or pension system, a member’s accrued benefit as of the date of such termination or partial termination, to the extent then funded, shall be nonforfeitable and fully vested under federal Internal Revenue Code requirements.
History. Code 1981, § 47-1-83 , enacted by Ga. L. 2009, p. 947, § 8/HB 202; Ga. L. 2014, p. 223, § 2/HB 843.
Effective date. —
This Code section became effective May 11, 2009.
The 2014 amendment, effective July 1, 2014, rewrote this Code section.

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Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 1 - General Provisions

Article 6 - Conformity With Federal Law

§ 47-1-80. Distributions to Conform to Regulations Issued Under the Internal Revenue Code

§ 47-1-80.1. Provisions Applicable to All Public Retirement or Pension Systems; Maximum Annuity Paid; Limitation on Death and Disability Benefits; Application of Federal Provisions

§ 47-1-81. Election to Have a Portion of an Eligible Rollover Distribution Paid to an Eligible Retirement Plan Under Federal Law; Limitations; Application to Nonspouse Designated Beneficiary

§ 47-1-82. Maximum Annual Additions and Maximum Benefit Payable Limited to That Allowed by Federal Law

§ 47-1-83. Vesting of Member’s Accrued Benefit as of Date of Termination or Partial Termination of Public Retirement or Pension System