Georgia Code
Title 47 - Retirement and Pensions
Chapter 5 - Georgia Municipal Employees Benefit System

Article 1 - General Provisions

§ 47-5-1. Legislative Intent; Construction of This Chapter - History. Ga. L. 1965, p. 421, § 1; Ga. L....

§ 47-5-2. Definitions - As used in this chapter, the term: History. Ga. L....

Article 2 - Administration and Management of the Assets of the Benefit System

§ 47-5-20. Creation of Board of Trustees - There is created a public corporation of this state to...

§ 47-5-21. Membership of Board - History. Ga. L. 1965, p. 421, §§ 4-6; Ga. L....

§ 47-5-22. Officers of the Board of Trustees; Election; Merger of Offices of Secretary and Treasurer; Compensation of the Secretary and Treasurer; Treasurer’s Performance Bond - At its first meeting following July 1 in each year,...

§ 47-5-23. Powers of the Board of Trustees Generally - The board of trustees shall have the following specific powers,...

§ 47-5-24. Powers of Board With Regard to Funds Held by It - History. Ga. L. 1965, p. 421, §§ 15-17, 24; Ga....

§ 47-5-25. Valuation of Assets of the Retirement System - The board of trustees shall prescribe in its bylaws the...

§ 47-5-26. Duty of Board of Trustees to File an Annual Financial Report With Each Member Employer; Filing of Objections to Transactions Shown in Such Report - The board of trustees shall file with each member employer...

§ 47-5-27. Payment of Administrative Expenses of the Board of Trustees; Allocation of Expenses Among Member Municipalities - The administrative expenses of the board of trustees, including all...

§ 47-5-28. Accounts for Participating Employees, Member Employers, and as Otherwise Required; Authorization of Funds; Commingling Restriction - History. Ga. L. 1965, p. 421, § 18; Ga. L....

§ 47-5-29. Periodic Determination of Principal and Income of the Funds; Periodic Merger of Principal and Income; Method for Determination of Principal Value of Each Unit of Funds - History. Ga. L. 1965, p. 421, §§ 19, 20; Ga....

§ 47-5-30. Periodic Audit of the Accounts of the Board of Trustees; Contents and Availability of Report of Such Audit; Standard of Care in Conduct of the Audit and Liability of Auditors - History. Ga. L. 1965, p. 421, § 21; Ga. L....

Article 3 - Retirement Plans

§ 47-5-40. Power of Employers to Establish Retirement Plans; Benefits Under Such Plans; Power to Implement Such Plans by Contract; Financing of Such Plans - History. Code 1981, § 47-5-40 , enacted by Ga. L....

§ 47-5-41. Establishment and Use of Master Plans - History. Code 1981, § 47-5-41 , enacted by Ga. L....

§ 47-5-42. Provisions of Contracts and Plans - History. Code 1981, § 47-5-42 , enacted by Ga. L....

§ 47-5-43. Provisions for Early and Normal Retirement Ages - Each member employer may provide in its plan for early...

§ 47-5-44. Credit for Prior Service - Each member employer that has adopted a plan providing retirement...

§ 47-5-45. Uninterrupted Participation During Transfer From One Member Municipality to Another - The board of trustees may provide rules under which contracts...

§ 47-5-46. Transfer of Credits - Member employers which provide retirement benefits under a local or...

§ 47-5-47. Return of Contributions to Employee or Employee’s Estate - Except as otherwise provided with respect to the provision of...

Article 4 - Miscellaneous Provisions

§ 47-5-70. Creation of Debts of the State Under This Chapter - Nothing in this chapter shall create a debt of the...

§ 47-5-71. Exemption From Levy, Attachment, or Other Process of Funds Held by the Board of Trustees or for Its Account; Assignment of Benefits or Contracts Established Under This Chapter - Funds held by the board of trustees or for its...

§ 47-5-72. Exemption of Chapter From Regulation Under Title 33 - Except as otherwise specified in this chapter, the provision of...