§ 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 […]
§ 47-23-102. Vesting; Benefits Upon Retirement; Compliance With Federal Income Tax Laws
The right of a member to receive benefits under this chapter shall vest after the member obtains ten years of creditable service; provided, however, that no member shall receive a retirement benefit prior to attaining the age of 60 years. Except as otherwise provided in Article 2 of Chapter 1 of this title, a member’s […]
§ 47-23-103. Retirement Based on Age; Application to Retire
In lieu of retirement at the benefit level provided by Code Section 47-23-102, a member may retire at any time after attaining the age of 60 years and after obtaining a minimum of ten years of creditable service. The monthly retirement benefit for such early retirement shall be a percentage of the benefit under Code […]
§ 47-23-104. Disability; Determination of Benefits; Determining Disability
After obtaining a minimum of four years of creditable service, any member who becomes totally and permanently disabled to the extent that he or she is unable to perform the duties of his or her office shall be entitled to receive a disability retirement benefit which shall be one-half of the maximum retirement benefits provided […]
§ 47-23-105. Spouses’ Benefits; Ceasing Spouses’ Benefits; Vesting; Designation of Survivors Benefits; Member Who Rejected Survivor’s Benefits May Later Elect Such Benefits by Paying Actuarial Cost; Applicability
Except as otherwise provided by subsection (b) of this Code section, each member of this retirement system shall pay for spouses’ benefits an employee contribution of 2 1/2 percent of the salary paid to such member. Such contribution shall be in addition to that required under Article 5 of this chapter. The employing unit shall […]
§ 47-23-105.1. Modification of Retirement Allowance
The provisions of this Code section shall apply only to persons who become members of this retirement system on or after July 1, 2012. A member may make a one-time election to convert the retirement allowance otherwise payable to him or her into a modified retirement allowance of equivalent actuarial value and designate a natural […]
§ 47-23-106. County Supplement of Salaries
Whenever any county within a judicial circuit supplements the state salary paid to active superior court judges or the district attorney of said circuit, the governing authority of such county shall be authorized, but not required, to supplement the benefit being paid pursuant to this chapter to any retired superior court judge or district attorney […]
§ 47-23-107. Appointing Beneficiary
If there is no surviving spouse or survivor of a member covered by Code Section 47-23-105 or if a member not covered by such Code section dies before retirement, the amount of accumulated contributions made by such member, with regular interest on such amount, shall be paid to his or her named beneficiary, if any, […]
§ 47-23-108. Withdrawal of Funds
Except as otherwise expressly provided in this chapter, if a member ceases to be employed in a covered position, he or she may withdraw the total sum, with 6 percent interest, which he or she has paid into the fund. The member shall not be eligible at any time after such withdrawal to become a […]
§ 47-23-109. Cessation of Retirement Allowance for Resuming State Service; Required Notification
Except as provided in subsection (b) of this Code section, if any retired member returns to the service of the state in any position, including, without limitation, service directly or indirectly as or for an independent contractor, except as a member of the General Assembly, his or her retirement allowance shall cease. Upon cessation of […]