§ 47-16-22. Quorum for Conduct of Business by the Board; Records of Meetings of the Board
Three members of the board shall constitute a quorum for the conduct of business by the board. The board shall keep records of all its meetings. History. Ga. L. 1963, p. 630, §§ 2, 3.
§ 47-16-23. Compensation and Expenses of Members of the Board
All members of the board shall serve without pay but shall be reimbursed for actual expenses incurred in attending meetings and performing the duties required of them as members of the board. History. Ga. L. 1963, p. 630, § 2.
§ 47-16-24. Creation of the Office of Secretary-Treasurer; Periodic Reports of Moneys in Hand, Receipts, and Expenditures; Performance Bond
There is created the office of secretary-treasurer of the Board of Commissioners of the Sheriffs’ Retirement Fund of Georgia, who shall be elected and appointed by the board and shall serve at its pleasure. His compensation shall be fixed by the board. He shall have such power and authority and shall perform such duties and […]
§ 47-16-25. Powers and Duties of the Board Generally
The board shall have the power and duty to: Provide for the collection of all moneys; Provide for the payment of all administrative expenses; Hear and decide all applications for retirement benefits under this chapter; Provide for the payment of all retirement benefits that may be determined to be due under this chapter and lawful […]
§ 47-16-26. Power of Board to Control, Invest, and Expend Funds; Gifts, Grants, or Bequests; Deposit of Funds Received by the Board; Payment of Benefits and Administrative Expenses
The board shall have control over the funds provided for in this chapter, authority to expend such funds in accordance with this chapter, and authority to invest the funds subject to all terms, conditions, limitations, and restrictions imposed by Article 7 of Chapter 20 of this title, the “Public Retirement Systems Investment Authority Law.” The […]
§ 47-16-27. Duty of Board to Keep Records of Accounts and Operations; Presentation of Annual Financial Statement to Georgia Sheriffs’ Association
The board shall keep accurate permanent records of all persons who qualify to participate in the fund and shall keep accurate permanent records of all its accounts in granting retirement benefits and of all payments, disbursements, and investments. It shall also keep proper detailed records of all its acts and operations. The board shall present […]
§ 47-16-28. Duty of State Auditor to Make an Annual Audit and Report of the Operations of the Board; Right of State Auditor to Audit the Affairs of the Board; Contents of Annual Report
The state auditor is authorized and directed to make an annual audit of the operations of the board and to make a complete report of that audit to the General Assembly. The state auditor shall not be required to distribute copies of the report to the members of the General Assembly but shall notify the […]
§ 47-16-29. Increases in Maximum Monthly Benefit Payable Under Article 6 of This Chapter
Subject to the terms and limitations of this Code section, the board of commissioners is authorized to adopt from time to time a method or methods of providing for increases in the maximum monthly retirement benefit payable under Article 6 of this chapter for persons theretofore or thereafter retiring under this chapter. Such method shall […]
§ 47-16-40. Application for Membership in the Fund; Contents of Application; Claim for Credit for Prior Service
In order to become a member of the Sheriffs’ Retirement Fund of Georgia, an applicant must meet the following requirements: He must be a duly qualified and commissioned sheriff of a county of the State of Georgia, serving as sheriff of the superior court of that county at the time he files his application; He […]
§ 47-16-1. Definitions
As used in this chapter, the term: “Board” means the Board of Commissioners of the Sheriffs’ Retirement Fund of Georgia. “Fund” means the Sheriffs’ Retirement Fund of Georgia. “Member” means a member of the Sheriffs’ Retirement Fund of Georgia. History. Ga. L. 1982, p. 3, § 47.