Georgia Code
Article 7 - Retirement Allowances, Disability Benefits, and Spouses’ Benefits
§ 47-3-128. Payment of Accumulated Contributions Upon Request After Termination of Membership; Payment of Taxable Portion to Eligible Retirement Plan

If a person’s membership ceases other than by death or retirement from this retirement system, the amount of his or her accumulated contributions to this retirement system shall be payable to the member upon such person’s request after the date the person has terminated employment with a school system, institution of higher learning, or agency covered by this retirement system. The board of trustees shall allow a person requesting such payment of accumulated contributions to elect to have the taxable portion of such payment made directly to an eligible retirement plan as defined in the federal Internal Revenue Code.
History. Ga. L. 1943, p. 640, § 5; Ga. L. 1964, p. 669, § 2; Ga. L. 1966, p. 513, § 3; Ga. L. 1969, p. 388, § 3; Ga. L. 1971, p. 620, § 2; Ga. L. 1993, p. 732, § 1; Ga. L. 2005, p. 535, § 15/HB 460.

Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 3 - Teachers Retirement System of Georgia

Article 7 - Retirement Allowances, Disability Benefits, and Spouses’ Benefits

§ 47-3-120. Allowance on Service Retirement; Minimum Retirement Allowance; Reduced Allowance; Increase; Computation of Average Compensation

§ 47-3-121. Optional Retirement Allowances; Election of Such Options; Revocation of Election; Effect of Divorce

§ 47-3-122. Eligibility and Application for Disability Benefits; Amount of Disability Benefits; Reexamination of Recipients; Reduction

§ 47-3-123. Benefits Payable Upon the Death of a Member Before Retirement

§ 47-3-124. Application of Minimum Retirement Allowances to Persons Who Retired Pursuant to County, Municipal, or Local Board of Education Retirement or Pension Systems

§ 47-3-125. Application of Increases in Retirement Benefits to Persons Who Retired Pursuant to County, Municipal, or Local Board of Education Retirement or Pension Systems

§ 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

§ 47-3-126.4. Postretirement Benefit for Beneficiary

§ 47-3-127. Effect of Restoration to Service on Retirement Allowances; Creditable Service After Restoration to Service

§ 47-3-127.1. Full-Time Employment of Beneficiaries Permitted Under Limited Conditions; Required Employer Contributions; Areas of Highest Need

§ 47-3-128. Payment of Accumulated Contributions Upon Request After Termination of Membership; Payment of Taxable Portion to Eligible Retirement Plan

§ 47-3-129. Rights When Retire Before 60 With Ten Years of Service or 20 Years Before 1954; Reestablishment of Credits Earned Before That Retirement

§ 47-3-130. Commencement of Benefits Under This Retirement System; Retirement After January 1, 1943, but Before the Commencement Date