The pension accumulation fund shall be the fund in which shall be held the reserves on all annuities in force and from which shall be paid all annuities and all benefits in lieu of annuities under this chapter. If a beneficiary is restored to membership, his annuity reserve shall be transferred from the pension accumulation fund to the annuity savings fund and credited to his individual account therein. The pension accumulation fund shall also be the fund in which shall be accumulated all reserves for the payment of all pensions and other benefits payable from contributions made by employers and from which shall be paid all such pensions and other benefits, as follows:
History. Ga. L. 1943, p. 640, § 8; Ga. L. 1956, p. 400, § 2; Ga. L. 1961, p. 392, §§ 5-7; Ga. L. 1962, p. 723, §§ 4, 8; Ga. L. 1970, p. 217, § 2; Ga. L. 1982, p. 3, § 47; Ga. L. 1986, p. 375, § 1; Ga. L. 1993, p. 86, § 1; Ga. L. 2005, p. 535, § 13/HB 460.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 3 - Teachers Retirement System of Georgia
§ 47-3-40. Funds in Which Assets of the Retirement System Are to Be Held
§ 47-3-41. Annuity Savings Fund Generally
§ 47-3-41.1. Payment of Employee Contributions by Employers; Mandatory Nature; Vesting
§ 47-3-43. Pension Accumulation Fund Generally
§ 47-3-46. Date on Which Contributions to the Retirement System Are to Commence