§ 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 […]
§ 47-24-82. Exceptions
Any provision of this article to the contrary notwithstanding, no service which is used to qualify a member for a retirement or pension benefit based on length of service, age, or physical disability from any of the regular components of the United States armed forces shall be used as creditable service under this pension fund. […]
§ 47-24-100. Eligibility; Effective Date and Application
Upon the written application to the board, any member of the fund who: Has attained the age of 60 years; Has completed 20 or more years of creditable service, at least 15 of which were service as a member of the Georgia National Guard; Served at least ten consecutive years as a member of the […]
§ 47-24-101. Retirement Allowance — Amount
Upon retirement under subsection (a) of Code Section 47-24-100, the retired member shall receive a monthly service retirement allowance of $50.00 plus an additional $5.00 per month for each year of creditable service over 20 years, up to a maximum monthly benefit of $100.00. History. Code 1981, § 47-24-101 , enacted by Ga. L. 2002, […]
§ 47-24-102. Retirement Allowance — Monthly Payments; Cease After Death
All retirement allowances shall be paid in monthly payments and shall cease in the month in which the death of the member occurs. History. Code 1981, § 47-24-102 , enacted by Ga. L. 2002, p. 1153, § 1. Code Commission notes. Pursuant to Code Section 28-9-5, in 2002, Code Section 47-23-102 as enacted by Ga. […]
§ 47-24-103. Returning to Service; Recalculation of Retirement Allowance After Cessation
If any retired member returns to the service of the Georgia National Guard, his or her retirement allowance shall cease. Upon cessation of such service, the retired member, after proper notification to the board, shall receive a retirement allowance calculated according to the number of years of creditable service the member has accumulated at the […]
§ 47-24-120. Penalty for Falsification of Records
Any person who knowingly makes any false statements or falsifies or permits to be falsified any records of the fund in any attempt to defraud the fund, as a result of such an act, shall be guilty of a misdemeanor and, on conviction, shall be punished by a fine not to exceed $500.00, imprisonment not […]
§ 47-24-1. Definitions
As used in this chapter, the term: “Board” means the Board of Trustees of the Employees’ Retirement System of Georgia. “Creditable service” means prior service, membership service, and other service for which credit is allowed toward retirement under this chapter. “Date of establishment” means July 1, 2002. “Employer” means the State of Georgia. “Fund” means […]
§ 47-24-121. Correction of Errors
If any change or error in the records results in any member or beneficiary receiving from the fund more or less than he or she would have been entitled to receive had the records been correct, the board shall have the power to correct such error and to adjust the payments as far as practicable […]
§ 47-24-20. Creation; Administration; Power and Privileges
A pension fund is created and placed under the administration of the Board of Trustees of the Employees’ Retirement System of Georgia to provide retirement allowances and other benefits for members of the Georgia National Guard. The pension fund shall begin operation as of July 1, 2002. The fund shall have the power and privileges […]