§ 45-18-24. Definitions
As used in this part, the term: “Actuarial accrued liability” means that portion, as determined by a particular actuarial cost method, of the actuarial present value of fund obligations and administrative expenses which is not provided for by future normal costs. “Actuarial assumptions” means assumptions regarding the occurrence of future events affecting costs of the […]
§ 45-18-25. Creation of Georgia State Employees Post-Employment Health Benefit Fund; Identification and Transfer of Funds From Georgia Retiree Health Benefit Fund; How Funds Used
There is created the Georgia State Employees Post-employment Health Benefit Fund to provide for the costs of post-employment health insurance benefits. The fund shall be a trust fund of public funds; the board in its official capacity shall be the fund’s trustee; and the commissioner in his or her official capacity shall be its administrator. […]
§ 45-18-25.1. Responsibilities and Procedures for Fund Operation; Rules and Regulations; Employment of Personnel and Professionals; Maintenance of Records; Collection of Moneys; Report
Responsibility for the proper operation of the fund is vested in the department. The board shall adopt actuarial assumptions as it deems necessary and prudent. The board may adopt any rules and regulations that it finds necessary to properly administer the fund. The board shall adopt rules and regulations to account for employer contributions and […]
§ 45-18-26. Technical Advice; Annual Actuarial Valuations
The actuary employed or retained by the department shall provide technical advice to the department and to the board regarding the operation of the fund. Utilizing the actuarial assumptions most recently adopted by the board, the actuary shall set annual actuarial valuations of normal cost, actuarial liability, actuarial value of assets, and related actuarial present […]
§ 45-18-10. Right of Continuation of Coverage for Former Employees; Payment of Premiums; Establishment of Terms and Conditions by Board; Appointment as United States Attorney
Any other provision of this part to the contrary notwithstanding, on and after July 1, 1978, any employee who resigns from employment or who fails to be reelected or who does not seek reelection to office and who at the time he or she leaves office or employment has completed eight or more years of […]
§ 45-18-27. Control of Fund by Commissioner; Obligations to Be Paid From Fund; Investment Powers; Prohibition Against Personal Interest
Subject to the supervision of the board, the commissioner shall have control over the fund established by this part. The obligations provided for in this part and all administrative expenses shall be paid from the fund. The department may expend moneys from the fund for any purpose authorized by this part. Subject to the supervision […]
§ 45-18-11. Procedure for Presentation of Claims and Payment of Benefits
Any benefits payable under the plan may be made either directly to the attending physicians, hospitals, medical groups, or others furnishing the services upon which a claim is based or to the covered employee, upon presentation of valid bills for such services, subject to such provisions to facilitate payment as may be made by the […]
§ 45-18-28. Minimum Annual Required Contributions; Employer Responsibilities
The board shall annually determine the minimum annual required contributions sufficient to maintain the fund in an actuarially sound manner in accordance with Governmental Accounting Standards Board Statement No. 43 or any subsequent Governmental Accounting Standards Board statements that may be applicable to the fund. The board may annually establish required employer contributions to the […]
§ 45-18-12. Creation of Health Insurance Fund; Amounts Credited to Fund; Special Reserve; Administrator and Custodian of Fund
There is created a health insurance fund which shall be available without fiscal year limitations for premium, subscription charge, benefits, and administration costs. The amounts withheld from employees and retired employees under this part, all amounts contributed by the state or from federal funds to such health insurance fund, and all amounts contributed by any […]
§ 45-18-30. “Employee” Defined
As used in this article, the term “employee” means any person, whether appointed or elected, who provides services for the state, including any state authority authorized to participate in the Employees’ Retirement System of Georgia under Chapter 2 of Title 47, or for a county, municipality, or other political subdivision and who is paid for […]