The board of trustees is authorized to adopt a method of providing postretirement benefit adjustments for a beneficiary in his postretirement years. Such method of adjustment may result in the adoption by the board of trustees of a method of financing other than that described in paragraphs (1) through (3) of Code Section 47-3-43 and shall be based upon:
The board of trustees may specify a minimum age which a beneficiary must have attained in order to be eligible for the postretirement benefit adjustment.
History. Ga. L. 1969, p. 391, § 1; Ga. L. 1971, p. 573, § 1; Ga. L. 1975, p. 1601, § 1; Ga. L. 1977, p. 1011, § 1.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 3 - Teachers Retirement System of Georgia
Article 7 - Retirement Allowances, Disability Benefits, and Spouses’ Benefits
§ 47-3-123. Benefits Payable Upon the Death of a Member Before Retirement
§ 47-3-126. Postretirement Benefit Adjustments
§ 47-3-126.1. Postretirement Benefit Adjustments Effective July 1, 1984
§ 47-3-126.2. Postretirement Benefit Adjustments Effective July 1, 1986
§ 47-3-126.3. Postretirement Benefit Adjustments