O.C.G.A.

O.C.G.A. § 45-18-34 (2019)

Plans not to reduce pensions or other benefits

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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The deferred compensation programs authorized by this article shall exist and serve in addition to retirement, pension, or benefit systems established by the state, county, municipality, or other political subdivision; and no deferral of income under the deferred compensation program shall effect a reduction of any retirement, pension, or other benefit provided by law.

History

(Ga. L. 1974, p. 198, § 6; Ga. L. 2005, p. 134, § 1/HB 275.)

Annotations

OPINIONS OF THE ATTORNEY GENERAL State deferred compensation plan is in addition to any other retirement, pension, or other benefit provided by law. Accordingly, if there is authority for any other tax sheltered annuity plan or

other benefits by law, it would not conflict with these statutory provisions and both plans could continue. 1980 Op. Att’y Gen. No. 80-6.