O.C.G.A.
O.C.G.A. § 47-20-13 (2019)
Financially sound systems exempt from minimum funding standards
✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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 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.
History
(Code 1981, § 47-20-13, enacted by Ga. L. 1983, p. 1368, § 1.)
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ARTICLE 3 ENFORCEMENT OF STANDARDS IN LOCAL RETIREMENT SYSTEMS
Annotations
ARTICLE 3 ENFORCEMENT OF STANDARDS IN LOCAL RETIREMENT SYSTEMS