Except as otherwise provided in Article 2 of Chapter 1 of this title, a member’s accumulated contributions shall be 100 percent vested and nonforfeitable at all times. Upon the request of a member who ceases to be a member of the system for reasons other than retirement or death, the member shall be paid the member’s accumulated contributions as soon as feasible after such request. If the member dies before payment has been made, the amount of the member’s accumulated contributions shall be paid to such person as the member has nominated by written designation filed with the board, otherwise to the member’s estate.
History. Ga. L. 1967, p. 259, § 9; Ga. L. 1980, p. 611, § 4; Ga. L. 1980, p. 925, § 7; Ga. L. 2009, p. 947, § 28/HB 202.
The 2009 amendment, effective May 11, 2009, added the first sentence; and, throughout this Code section, substituted “the member” for “he” and substituted “the member’s” for “his”.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 6 - Georgia Legislative Retirement System
Article 6 - Retirement, Retirement Allowances, and Death Benefits
§ 47-6-81. Optional Retirement Allowances
§ 47-6-82. Manner in Which Retirement Allowances to Be Paid; Termination of Payments Upon Death
§ 47-6-85. Refund of Accumulated Contributions Upon Termination of Membership