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O.C.G.A. § 20-2-877 — Technical advice from actuary; valuations | Georgia Code
O.C.G.A. § 20-2-877 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 20 EDUCATION

Section 2. Elementary and Secondary Education, 20-2-1 through 20-2-2180.

ARTICLE 17 TEACHERS AND OTHER SCHOOL PERSONNEL

20-2-877. Technical advice from actuary; valuations.

  1. The actuary employed or retained by the department shall provide technical advice to the department and to the board regarding the operation of the fund.
  2. Utilizing the actuarial assumptions most recently adopted by the board, the actuary shall set annual actuarial valuations of normal cost, actuarial liability, actuarial value of assets, and related actuarial present values for the state plan for other post-employment benefits.

(Code 1981, §20-2-877, enacted by Ga. L. 2009, p. 49, § 1/SB 122.)

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This Georgia Code resource is curated by Georgia Bar member Graham W. Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.