Member employers which provide retirement benefits under a local or special Act may contract with the board of trustees for transfer of credits to this retirement system and continuation of accrued benefits to their employees under terms which may be provided by amendment to such local or special Act and which are not inconsistent with this chapter or rules or regulations adopted pursuant to this chapter. Otherwise, this chapter is not intended to affect existing retirement or pension systems established by local or special Act or to preclude the establishment of individual employer retirement systems by future local or special Acts.
History. Code 1981, § 47-5-46 , enacted by Ga. L. 1984, p. 1041, § 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