TITLE 47 RETIREMENT AND PENSIONS

Section 4. Public School Employees Retirement System, 47-4-1 through 47-4-121.

ARTICLE 6 RETIREMENT, RETIREMENT ALLOWANCES, AND DISABILITY BENEFITS

47-4-105. Postretirement benefit adjustments.

The board is authorized to grant postretirement benefit adjustments from time to time for the purpose of maintaining essentially no less purchasing power for persons receiving benefits pursuant to the provisions of this chapter. Granting postretirement benefit adjustments shall be based on the following factors:

1. The recommendations of the actuary for the retirement system;
2. Maintaining the actuarial soundness of the retirement system;
3. Appropriations by the General Assembly if appropriations are made for the purpose of granting such postretirement benefit adjustments; and
4. Such other factors as the board finds relevant.

(Code 1981, §47-4-105, enacted by Ga. L. 1988, p. 879, § 1.)