There is created the Board of Commissioners of the Magistrates Retirement Fund of Georgia. The board shall consist of seven members as follows: The Governor or the Governor’s designee; An appointee of the Governor who is not the Attorney General; and Five chief magistrates who are members of the fund. The members of the board […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
