O.C.G.A.
O.C.G.A.

O.C.G.A. § 47-20-13 (2019)

Financially sound systems exempt from minimum funding standards

✓ 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 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.)

Annotations

ARTICLE 3 ENFORCEMENT OF STANDARDS IN LOCAL RETIREMENT SYSTEMS