Georgia Code
Article 3 - Employee and Employer Contributions and Creation of Funds for Contributions, Benefits, and Administrative Expenses
§ 47-2-51.1. Supplemental Guaranteed Lifetime Income Annuities

History. Code 1981, § 47-2-51.1 , enacted by Ga. L. 2019, p. 783, § 2/SB 55.
Effective date. —
This Code section became effective July 1, 2019.
U.S. Code.
Section 415(b) of the federal Internal Revenue Code, referred to in this Code section, is codified at 26 U.S.C. § 415 and concerns the limitations on benefits and contributions under qualified plans.

Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 2 - Employees’ Retirement System of Georgia

Article 3 - Employee and Employer Contributions and Creation of Funds for Contributions, Benefits, and Administrative Expenses

§ 47-2-50. Funds in Which Assets of the Retirement System to Be Held

§ 47-2-51. Annuity Savings Fund and Employee Contributions; Deductions; Effect of Default With Respect to Employer Contributions; Payments, Withdrawal, or Transfer of Funds

§ 47-2-51.1. Supplemental Guaranteed Lifetime Income Annuities

§ 47-2-52. Employer’s Duty to Deduct and Report Employee Contributions; Duty of Chief Fiscal Officer to Remit Employee Contributions; Effect of Failure to Comply

§ 47-2-53. Effect of Failure of Any Employee, Employer, or Reporting Official to Make Contributions or to Make Reports With Respect to Employment and Membership

§ 47-2-54. Payment of State Employee Contributions on Behalf of Employees; Inclusion of Contributions in Compensation for Determining Benefits; Adjustment in Compensation of State Employees; “Pick-Up” Contributions

§ 47-2-55. Pension Accumulation Fund; Purposes; Employer Contributions; Crediting of Interest and Dividends Earned on Funds of the Retirement System

§ 47-2-56. Maintenance of Annuity and Pension Reserves and Payment of Benefits Under This Chapter as Obligations of the Pension Accumulation Fund; Permissible Uses of Assets of the Fund

§ 47-2-57. Certification of Normal Cost and Unfunded Accrued Liability Contribution Rates to Employers; Provision in Employer’s Budget for Employer Contributions

§ 47-2-59. Effective Date of Chapter; Effect of Budget Appropriations on Obligation of State Agency or Other Employer to Make Contributions

§ 47-2-60. Expense Fund; Purposes