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The option available under this subsection may also be exercised by a surviving spouse who is the beneficiary of an Option A election with respect to the benefits payable to the spouse in the event the member dies prior to receiving any benefits and would have been able to exercise the option available under this subsection.
If the Member’s Age At The Early Retirement Retirement (determined by Factor Is: the member’s age at the member’s immediately preceding birthday) Is: 50 .70 51 .76 52 .82 53 .88 54 .94
History. Ga. L. 1955, p. 339, § 7; Ga. L. 1957, p. 323, § 1; Ga. L. 1960, p. 991, § 1; Ga. L. 1966, p. 242, § 1; Ga. L. 1968, p. 441, § 4; Ga. L. 1970, p. 334, § 1; Ga. L. 1971, p. 332, § 1; Ga. L. 1973, p. 186, § 1; Ga. L. 1976, p. 235, § 1; Ga. L. 1979, p. 364, §§ 2, 3; Ga. L. 1981, p. 608, § 1; Ga. L. 1982, p. 3, § 47; Ga. L. 1984, p. 990, § 5; Ga. L. 1988, p. 338, § 1; Ga. L. 1990, p. 554, § 1; Ga. L. 1991, p. 130, § 1; Ga. L. 1991, p. 755, § 9; Ga. L. 1992, p. 3010, § 1; Ga. L. 1993, p. 86, § 1; Ga. L. 1994, p. 703, § 4; Ga. L. 1997, p. 1376, § 1; Ga. L. 1998, p. 149, § 1; Ga. L. 2000, p. 562, §§ 6, 7; Ga. L. 2002, p. 590, § 2; Ga. L. 2010, p. 438, § 5/HB 1150; Ga. L. 2015, p. 898, § 10/HB 266.
The 2010 amendment, effective July 1, 2010, deleted the former last sentence of subparagraph (d)(3)(C) which read: “No such election shall be made until the expiration of one year after the date of remarriage or until a child of the remarried couple is born, whichever is earlier.”
The 2015 amendment, effective July 1, 2015, in paragraph (d)(2), inserted “, or, if the member so elects, the total monthly benefit may be divided equally among up to five selected beneficiaries,”; and in paragraph (h)(2), substituted “up to five selected beneficiaries shall be entitled to receive a benefit, equally apportioned among the selected beneficiaries,” for “the selected beneficiary shall be entitled to receive a benefit”.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 7 - Georgia Firefighters’ Pension Fund
Article 6 - Retirement, Retirement Allowances, Disability Benefits, and Death Benefits
§ 47-7-103. Benefits Payable Upon Death; Failure to Designate Beneficiary
§ 47-7-105. Refund of Contributions Upon Withdrawal From the Fund