§ 47-20-20. Freezing of Benefits and Other Provisions; Amount of Annual Employer Contribution

In the case of a retirement system of a political subdivision, unless excepted by Code Section 47-20-13, neither the local governing authority by ordinance or resolution or other action nor the retirement system administrator shall take any action on or after January 1, 1984, to grant a benefit increase under any retirement system of the […]

§ 47-20-21. Triennial Actuarial Investigations; Penalties for Violations Shown; List of Local Systems Not in Conformance Reported Triennially

The retirement system administrator of each retirement system of a political subdivision shall comply fully with the requirements of Code Section 47-1-3 requiring the employment of an actuary and the completion of actuarial investigations once every three years. In addition to the other requirements specified by Code Section 47-1-3 for such actuarial investigations, each such […]