Every member subject to this article shall, upon becoming eligible under the provisions of this chapter, be entitled to a service retirement allowance, which shall consist of:
History. Code 1981, § 47-2-353 , enacted by Ga. L. 2008, p. 1005, § 1/SB 328; Ga. L. 2009, p. 322, § 5/HB 476.
The 2009 amendment, effective July 1, 2009, in paragraph (2), substituted “1 percent” for “1.0 percent” near the beginning and added the proviso at the end.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 2 - Employees’ Retirement System of Georgia
Article 10 - Georgia State Employees’ Pension and Savings Plan
§ 47-2-351. “Member” Defined; Membership Optional; Calculation
§ 47-2-352. Employee and Employer Contributions
§ 47-2-353. Service Retirement Allowance
§ 47-2-354. Conditions; Rights, Privileges, Obligations, and Duties
§ 47-2-355. Disability Retirement; Periodic Medical Examination and Review
§ 47-2-356. Death Allowances and Benefits
§ 47-2-357. Withdrawal; Employer Contributions; Vesting; Date of Election
§ 47-2-358. Impact on Members of Employees’ Retirement System of Georgia on December 31, 2008