TITLE 47 RETIREMENT AND PENSIONS

Section 20. Public Retirement Systems Standards, 47-20-1 through 47-20-87.

ARTICLE 2 MINIMUM FUNDING STANDARDS

47-20-13. Financially sound systems exempt from minimum funding standards.

The minimum funding standards specified by Code Section 47-20-10 shall not apply to a retirement system which holds actuarial assets in excess of 150 percent of the actuarial present value of the accumulated retirement system benefits.

(Code 1981, §47-20-13, enacted by Ga. L. 1983, p. 1368, § 1.)