§ 47-25-21. Secretary-Treasurer
There is created the office of secretary-treasurer of the board. The secretary-treasurer shall be elected and appointed by the board and shall serve at the pleasure of the board. His or her compensation and duties may be fixed by the board. In addition to such salary, the secretary-treasurer shall receive credit for a sum of […]
§ 47-25-84. Total and Permanent Disability
Notwithstanding any other provisions of this chapter to the contrary, a member may retire after completing four years of creditable service if he or she becomes totally and permanently disabled after commencing service as a chief magistrate or as the secretary-treasurer. Any such member shall be entitled to receive retirement benefits in the amount that […]
§ 47-25-22. Powers and Duties
The board is granted the following powers and duties: To provide for the collection of all moneys provided in this chapter; To pay the administrative expenses of the board; To hear and decide all applications for retirement benefits under this chapter; To make payment of all retirement benefits that may be determined to be due […]
§ 47-25-85. Members Not Prevented From Belonging to Another Retirement System
Nothing contained in this chapter shall be construed so as to prevent any person who is a member of the fund from belonging to any other retirement, annuity, or benefit system. History. Code 1981, § 47-25-85 , enacted by Ga. L. 2006, p. 246, § 1/SB 244.
§ 47-25-23. Control of Funds; Investments
The board shall have control of all funds provided for in this chapter and all funds shall be received and disbursed from a special account to the credit of the board. The expenses of administering this fund and the benefits provided for in this chapter shall be paid from such funds. The board shall have […]
§ 47-25-86. Suspension of Benefits if Retired Member Becomes Employed as a Chief Magistrate
If a retired member becomes employed as a chief magistrate, his or her retirement benefits shall be suspended during the period of time he or she holds such position, and upon cessation of such service, his or her prior retirement allowance shall be resumed. If a retired member becomes employed as a chief magistrate, he […]
§ 47-25-24. Gifts, Grants, and Bequests
The board may take, by gift, grant, or bequest, any money, real or personal property, or any other thing of value and may hold or invest it for the use and purposes of the fund in accordance with this chapter. History. Code 1981, § 47-25-24 , enacted by Ga. L. 2006, p. 246, § 1/SB […]
§ 47-25-100. Insufficient Funds From Which to Pay Benefits
If the board determines that the funds derived from the sources provided for in this chapter are not actuarially sufficient at any time to enable the board to pay in full each person determined to be entitled to the benefits provided for, plus all contingent and other liabilities, then a prorated percentage of such payments […]
§ 47-25-25. Permanent Records
The board shall keep permanent records of all persons who qualify to participate in the benefits of this chapter, an accurate record of all payments and disbursements, and a detailed record of all the acts and doings of the board. History. Code 1981, § 47-25-25 , enacted by Ga. L. 2006, p. 246, § 1/SB […]
§ 47-25-26. Annual Audit of Board Activity
The state auditor is authorized and directed to make an annual audit of the acts and doings of the board and to make a complete report of the same to the General Assembly in such detail as he or she may see fit. The state auditor shall also have the right to audit the affairs […]