Georgia Code
Article 2 - Creation, Administration, and Management of the Assets of the Retirement System
§ 47-3-20. Creation and Management of the Teachers Retirement System of Georgia; Its Powers and Privileges; Name Under Which Business Transacted

A retirement system is established for the purpose of providing retirement allowances and other benefits under this chapter for teachers of this state and is placed under the management of the board of trustees. It shall have the power and privileges of a corporation, the right to bring and defend actions, to implead and be impleaded, and shall be known as the “Teachers Retirement System of Georgia,” in which name all of its business shall be transacted, all of its funds invested, and all of its cash and securities and other property held.
History. Ga. L. 1943, p. 640, § 2; Ga. L. 1982, p. 3, § 47.

Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 3 - Teachers Retirement System of Georgia

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

§ 47-3-20. Creation and Management of the Teachers Retirement System of Georgia; Its Powers and Privileges; Name Under Which Business Transacted

§ 47-3-21. Creation and Membership of Board of Trustees; Filling of Vacancies; per Diem, Expenses, and Oath of Office; Quorum; Creation, Membership, and Duties of Teachers Retirement System Nomination Committee

§ 47-3-22. Election of Chairman and Executive Director of the Board of Trustees; Payments by Executive Director of Retirement System Funds; Surety Bond Required of Executive Director

§ 47-3-23. Designation and Duties of an Actuary for the Board of Trustees; Periodic Actuarial Investigation and Recommendations; Calculation Tables and Regular Interest Rate; Annual Valuation

§ 47-3-24. Legal Adviser of the Board of Trustees

§ 47-3-25. Medical Board; Designation; Duties Regarding Medical Examinations Required Under This Chapter

§ 47-3-26. Powers and Duties of the Board of Trustees Generally

§ 47-3-27. Investment Powers; Power to Maintain Cash on Deposit for Payments Under the Retirement System; Personal Interests in Investments Prohibited

§ 47-3-28. Rights Exempted From Levy and Sale, Garnishment, and Other Process; Assignability; Exemptions for Other Retirement Systems; Assets and Investments and Their Transfer or Sale Exempted

§ 47-3-29. Deduction of Membership Dues of Nonprofit Organizations From Benefit Payments