Georgia Code
Article 2 - Creation, Administration, and Management of the Assets of the Retirement System
§ 47-2-21. Power and Duty of Board of Trustees to Administer and Operate Retirement System; Membership of Board; Vacancies; Expenses; Oath; Quorum

History. Ga. L. 1949, p. 138, § 6; Ga. L. 1951, p. 394, § 9; Ga. L. 1982, p. 3, § 47; Ga. L. 1991, p. 274, § 1; Ga. L. 1993, p. 1402, § 18; Ga. L. 1993, p. 1690, § 2; Ga. L. 2010, p. 863, § 3/SB 296; Ga. L. 2012, p. 413, § 4/HB 805; Ga. L. 2021, p. 655, § 1/HB 173.
The 2010 amendment, effective July 1, 2010, substituted “state treasurer” for “director of the Office of Treasury and Fiscal Services” in paragraph (b)(2).
The 2012 amendment, effective July 1, 2012, substituted “commissioner of administrative services” for “commissioner of personnel administration” in paragraph (b)(3); and inserted “or she” and “or her” throughout paragraph (b)(6) and subsection (e).
The 2021 amendment, effective July 1, 2021, designated the existing provisions of paragraph (b)(5) as subparagraph (b)(5)(A) and added subparagraph (b)(5)(B).
Editor’s notes.
Ga. L. 2012, p. 413, § 1/HB 805, not codified by the General Assembly, provides that: “The purpose of this Act is to make conforming amendments and correct references in Title 47 of the Official Code of Georgia Annotated, relating to retirement and pensions, relative to the abolition of the State Personnel Administration and the transfer of certain functions of such agency to the Department of Administrative Services as provided by a separate Act.” The separate Act referred to is Ga. L. 2012, p. 446/HB 642, which became effective July 1, 2012, and which provides for the abolition of the State Personnel Administration and the transfer of functions.
Ga. L. 2012, p. 413, § 13/HB 805, not codified by the General Assembly, provides that: “This Act shall become effective on July 1, 2012, only if an Act abolishing the State Personnel Administration and providing for the transfer of certain functions of such agency to the Department of Administrative Services is enacted and becomes effective on that same date; otherwise, this Act shall not become effective and shall stand repealed on July 1, 2012.” Ga. L. 2012, p. 446/HB 642, effective July 1, 2012, provides for the abolition of the State Personnel Administration and the transfer of functions.

Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 2 - Employees’ Retirement System of Georgia

Article 2 - Creation, Administration, and Management of the Assets of the Retirement System

§ 47-2-20. Creation of Retirement System; Purpose, Management, Corporate Powers and Privileges, and Certain Rights in Actions at Law of Retirement System; Name Under Which Retirement System to Transact Business

§ 47-2-21. Power and Duty of Board of Trustees to Administer and Operate Retirement System; Membership of Board; Vacancies; Expenses; Oath; Quorum

§ 47-2-22. Election of Chairperson and Director; Actuarial Services; Application of State System of Personnel Administration; Payment of Costs of Personnel Administration

§ 47-2-23. Treasurer of the Board of Trustees; Manner of Payment of Funds of the Retirement System; Surety Bond for the Treasurer

§ 47-2-24. Designation of Medical Board; Duties

§ 47-2-25. Legal Adviser of the Board of Trustees

§ 47-2-26. Designation of an Actuary; Duties of Actuary; Annual Valuation of Contingent Assets and Liabilities of the Retirement System

§ 47-2-27. Duty of Board of Trustees to Keep Data Necessary for Actuarial Valuations; Duty to Keep Records of Proceedings; Annual Report

§ 47-2-28. Simplified Tables for Estimation of Retirement Allowances; Effect on Existing Rights and Benefits; Formula for Calculating Service Retirement Allowances

§ 47-2-29. Postretirement Benefit Adjustments

§ 47-2-30. Deposits of Cash Available for Disbursements for Benefits and Other Payments

§ 47-2-31. Investment Powers; Power to Employ Agents as Investment Advisers and to Make Investments

§ 47-2-32. Personal Interest in Gains or Profits From Investments Made by the Board of Trustees; Unauthorized Use of Assets of the Retirement System

§ 47-2-33. Plan Year Designated