Georgia Code
Article 3 - Retirement Plans
§ 47-5-41. Establishment and Use of Master Plans

History. Code 1981, § 47-5-41 , enacted by Ga. L. 1984, p. 1041, § 11; Ga. L. 1995, p. 1061, § 2; Ga. L. 2016, p. 269, § 2/SB 336.
The 2016 amendment, effective July 1, 2016, in paragraph (a)(1), deleted “that, upon the date that it agrees to join the plan, has fewer than 16 employees who elect and are qualified for plan participation” following “any employer” at the end of the first sentence, and, in the third sentence, inserted “or resolution” and deleted “and to designate a board of trustees of the plan” following “plan” at the end; 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, in the third sentence, inserted “under a defined benefit plan”.

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