CHAPTER 5 - GEORGIA MUNICIPAL EMPLOYEES BENEFIT SYSTEM
- ARTICLE 1 - GENERAL PROVISIONS
- ARTICLE 2 - ADMINISTRATION AND MANAGEMENT OF THE ASSETS OF THE BENEFIT SYSTEM
- § 47-5-20 - Creation of board of trustees
- § 47-5-21 - Membership of board
- § 47-5-22 - Officers of the board of trustees; election; merger of offices of secretary and treasurer; compensation of the secretary and treasurer; treasurer's performance bond
- § 47-5-23 - Powers of the board of trustees generally
- § 47-5-24 - Powers of board with regard to funds held by it
- § 47-5-25 - Valuation of assets of the retirement system
- § 47-5-26 - Duty of board of trustees to file an annual financial report with each member employer; filing of objections to transactions shown in such report
- § 47-5-27 - Payment of administrative expenses of the board of trustees; allocation of expenses among member municipalities
- § 47-5-28 - Accounts for participating employees, member employers, and as otherwise required; authorization of funds; commingling restriction
- § 47-5-29 - Periodic determination of principal and income of the funds; periodic merger of principal and income; method for determination of principal value of each unit of funds
- § 47-5-30 - Periodic audit of the accounts of the board of trustees; contents and availability of report of such audit; standard of care in conduct of the audit and liability of auditors
- ARTICLE 3 - RETIREMENT PLANS
- § 47-5-40 - Power of employers to establish retirement plans; benefits under such plans; power to implement such plans by contract; financing of such plans
- § 47-5-41 - Establishment and use of master plans
- § 47-5-42 - Provisions of contracts and plans
- § 47-5-43 - Provisions for early and normal retirement ages
- § 47-5-44 - Credit for prior service
- § 47-5-45 - Uninterrupted participation during transfer from one member municipality to another
- § 47-5-46 - Transfer of credits
- § 47-5-47 - Return of contributions to employee or employee's estate
- ARTICLE 4 - MISCELLANEOUS PROVISIONS
- § 47-5-70 - Creation of debts of the state under this chapter
- § 47-5-71 - Exemption from levy, attachment, or other process of funds held by the board of trustees or for its account; assignment of benefits or contracts established under this chapter
- § 47-5-72 - Exemption of chapter from regulation under Title 33