§ 47-1-30. Authority to Increase Benefits

As used in this Code section, the term: “Board of trustees” means the board of trustees or other fiscal authority or governing body, by whatever name designated, of a retirement system. “Retirement system” means a retirement or pension system or fund created by or pursuant to the authority of Georgia law which was listed in […]

§ 47-1-31. Discretionary Postretirement Benefit Increases Subject to Reduction by Subsequent Legislation

Any other provision of this title to the contrary notwithstanding, any discretionary postretirement benefit increase granted on or after July 1, 1993, by the board of trustees of any public retirement system pursuant to the authority to grant such increases within the limits of actuarial soundness granted by general law shall be subject to reduction […]