§ 47-3-126.2. Postretirement Benefit Adjustments Effective July 1, 1986
As used in this Code section, the term “beneficiary” shall have the meaning specified in paragraph (7) of Code Section 47-3-1 and shall also mean: Any retired teacher who retired pursuant to any county, municipal, or local board of education retirement or pension system; The surviving spouse of any retired teacher who retired pursuant to […]
§ 47-3-126.3. Postretirement Benefit Adjustments
As used in this Code section, the term “beneficiary” shall have the meaning specified in paragraph (7) of Code Section 47-3-1 and shall also mean and include any retired public school teacher who retired pursuant to any county, municipal, or local board of education retirement or pension system. Subject to the limitations of subsection (c) […]
§ 47-3-126.4. Postretirement Benefit for Beneficiary
As used in this Code section, the term “beneficiary” shall have the meaning specified in paragraph (7) of Code Section 47-3-1. Subject to the limitations of subsection (c) of this Code section, effective July 1, 2006, the monthly retirement benefit of each beneficiary shall be increased by a percentage which varies in accordance with the […]
§ 47-3-127. Effect of Restoration to Service on Retirement Allowances; Creditable Service After Restoration to Service
If, except as provided in Code Section 47-3-127.1, a beneficiary is restored to service as a teacher, he or she may elect: Cessation of his or her retirement allowance, in which case he or she shall again become a contributing member of the retirement system and be governed by the retirement provisions of this chapter; […]
§ 47-3-127.1. Full-Time Employment of Beneficiaries Permitted Under Limited Conditions; Required Employer Contributions; Areas of Highest Need
From July 1, 2022, until June 30, 2026, notwithstanding the provisions of Code Section 47-3-127, to the extent and under the conditions provided for in this Code section, a public school system may employ a beneficiary who has obtained 30 years of creditable service in this retirement system in a full-time capacity as a certified […]
§ 47-3-128. Payment of Accumulated Contributions Upon Request After Termination of Membership; Payment of Taxable Portion to Eligible Retirement Plan
If a person’s membership ceases other than by death or retirement from this retirement system, the amount of his or her accumulated contributions to this retirement system shall be payable to the member upon such person’s request after the date the person has terminated employment with a school system, institution of higher learning, or agency […]
§ 47-3-129. Rights When Retire Before 60 With Ten Years of Service or 20 Years Before 1954; Reestablishment of Credits Earned Before That Retirement
Any other provisions of this chapter to the contrary notwithstanding, the right to the service retirement benefit under this chapter shall vest in a member who withdraws from service prior to attaining 60 years of age, provided that he has completed at least ten years of creditable service and has not withdrawn his contributions. Such […]
§ 47-3-130. Commencement of Benefits Under This Retirement System; Retirement After January 1, 1943, but Before the Commencement Date
No member shall retire or receive benefits under this retirement system prior to the commencement date; but any person eligible for service retirement or disability benefits after January 1, 1943, and prior to the commencement date shall be entitled to the benefits provided by this chapter, even though he is not a teacher on the […]
§ 47-3-140. Application of Other State Funded Pension or Retirement Benefits to Members and Beneficiaries of This Retirement System
Except as specifically provided in this chapter, no other provision of law which provides wholly or partly at the expense of this state for pensions or retirement benefits for teachers in the state, their surviving spouses, or their dependents shall apply to members or beneficiaries of this retirement system, their surviving spouses, or their dependents, […]
§ 47-3-141. Attempts to Defraud the Retirement System by Means of False Statements or Falsified Records; Adjustment of Erroneous Payments
Any person who knowingly makes any false statements or falsifies or permits to be falsified any records of the retirement system in any attempt to defraud the retirement system, as a result of such act, shall be guilty of a misdemeanor and on conviction shall be punished by a fine not exceeding $500.00, imprisonment not […]