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

O.C.G.A. § 47-4-105 (2019)

Postretirement benefit adjustments

✓ 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 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.

History

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