History. Code 1981, § 47-5-40 , enacted by Ga. L. 1984, p. 1041, § 11; Ga. L. 1995, p. 1061, § 1; Ga. L. 2016, p. 269, § 1/SB 336.
The 2016 amendment, effective July 1, 2016, in the second sentence of paragraph (a)(1), inserted “or resolution”; and, in subsection (d), substituted the present second sentence for the former second sentence, which read: “In no event shall an employee’s contribution exceed 50 percent of the value of such employee’s benefit payable from the plan at the earlier of termination of employment or commencement of benefits”, and inserted “under a defined benefit plan” in the last sentence.
Cross references.
Creditable service not allowed for military service from which discharge was other than honorable, § 47-1-11 .
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 5 - Georgia Municipal Employees Benefit System
§ 47-5-41. Establishment and Use of Master Plans
§ 47-5-42. Provisions of Contracts and Plans
§ 47-5-43. Provisions for Early and Normal Retirement Ages
§ 47-5-44. Credit for Prior Service
§ 47-5-45. Uninterrupted Participation During Transfer From One Member Municipality to Another
§ 47-5-46. Transfer of Credits
§ 47-5-47. Return of Contributions to Employee or Employee’s Estate