TITLE 47 RETIREMENT AND PENSIONS

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

ARTICLE 5 ADMINISTRATION

47-20-51. Accrued retirement benefits are not created, enhanced, or diminished by this chapter.

No provision of this chapter generally and no provision of Code Section 47-20-50 in particular shall:

1. Create or be construed to create a contractual right to a retirement benefit or a contractual right in the provisions of a retirement system law which does not exist independently of the provisions of this chapter; and
2. Impair, alter, or diminish or be construed to impair, alter, or diminish a contractual right to a retirement benefit or a contractual right in the provisions of a retirement system law which exists independently of the provisions of this chapter.

(Code 1981, §47-20-51, enacted by Ga. L. 1983, p. 1368, § 1.)