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O.C.G.A. § 47-24-24 — Accumulation account | Georgia Code

O.C.G.A. § 47-24-24 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 47 RETIREMENT AND PENSIONS

Section 24. Georgia Military Pension Fund, 47-24-1 through 47-24-122.

ARTICLE 2 ADMINISTRATION AND MANAGEMENT

47-24-24. Accumulation account.

The accumulation account shall be the account in which all reserves for the payment of the part of all retirement allowances and other benefits payable from contributions made by the employer shall be held and from which all retirement allowances payable under the fund and the administrative expenses shall be paid. All interest and dividends earned on the funds of the fund shall be credited to the accumulation account.

(Code 1981, §47-24-24, enacted by Ga. L. 2002, p. 1153, § 1.)

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This Georgia Code resource is curated by Graham W. Syfert, Esq., a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.