History. Code 1981, § 47-7-124 , enacted by Ga. L. 1983, p. 1310, § 5; Ga. L. 1989, p. 50, § 2; Ga. L. 1991, p. 130, § 1; Ga. L. 1997, p. 1376, § 1; Ga. L. 2010, p. 438, § 8/HB 1150; Ga. L. 2016, p. 434, § 2/HB 844.
The 2010 amendment, effective July 1, 2010, in subsection (a), substituted “executive director” for “secretary-treasurer” near the beginning of the first sentence and inserted “or her” twice in the second sentence.
The 2016 amendment, effective July 1, 2016, added subsection (d).
Editor’s notes.
Ga. L. 1989, p. 50, § 3, not codified by the General Assembly, provides: “Pursuant to the authority of Code Section 47-20-63 [repealed], this Act is not subject to the requirements of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, known as the ‘Public Retirement Systems Standards Law,’ and pursuant to the former provisions of said Code Section 47-20-63 the General Assembly finds and declares that:
“(1) It is necessary for this Act to become effective without delay in order to avoid hardship to members and retired members of the Georgia Firemen’s Pension Fund;
“(2) The Georgia Firemen’s Pension Fund is actuarially sound; and
“(3) That the changes in Chapter 7 of Title 47 of the Official Code of Georgia Annotated providing for the Georgia Firemen’s Pension Fund which are accomplished by this Act will be fully financed by the Georgia Firemen’s Pension Fund without the necessity of any appropriation by the General Assembly and without adversely affecting the actuarial soundness of the Georgia Firemen’s Pension Fund.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 7 - Georgia Firefighters’ Pension Fund
Article 7 - Miscellaneous Provisions
§ 47-7-121. Vesting of Rights to Benefits
§ 47-7-123. Exemption of Assets of the Board From Taxation
§ 47-7-125. Availability of Records of Local Departments to Board; Confidentiality
§ 47-7-126. Penalty for False Statements or Falsified Records; Correction of Errors by the Board