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

O.C.G.A. § 47-6-20 (2019)

Creation and administration of the retirement system; commencement of operations; corporate powers and privileges; name in which retirement system to transact business

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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(a) A retirement system is created and placed under the administration of the Board of Trustees of the Employees' Retirement System of Georgia to provide retirement allowances and other benefits for members of the General Assembly. The system shall begin operation as of July 1, 1967.

(b) The system shall have the power and privileges of a corporation and shall be known as the "Georgia Legislative Retirement System." By such name all of its business shall be transacted, all of its funds shall be invested, and all of its cash, securities, and other property shall be held.

History

(Ga. L. 1967, p. 259, § 2.)

Annotations

RESEARCH REFERENCES

Am. Jur. 2d. - 60A Am. Jur. 2d, Pensions and Retirement Funds, § 1166 et seq. 72 Am. Jur. 2d, States, Territories, and Dependencies, § 58.

C.J.S. - 67 C.J.S., Officers and Public Employees, § 313. 81A C.J.S., States, §§ 98 et seq., 213 et seq., 221 et seq., 254 et seq.

Notes of Decisions
Cited in 1 case, 1993–1993 · leading case: Employees Ret. Sys. v. Evans, 439 S.E.2d 690 (Ga. Ct. App. 1993).
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Employees Ret. Sys. v. Evans, 439 S.E.2d 690 (Ga. Ct. App. 1993). · cites it 2× “OCGA § 47-6-20. Effective May 1, 1971, the two retirement systems were merged, all the membership and assets of the LRS were transferred to the ERS, and all members of the LRS were required to become members of the ERS, although the act creating the LRS was not repealed and it…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.