Chapter 4. Public School Employees Retirement System

Article 1. General Provisions

• OCGA § 47-4-1 Short Title
• OCGA § 47-4-2 Definitions

Article 2. Creation, Administration, and Management of the Assets of the Retirement System

• OCGA § 47-4-20 Creation and Administration of the Retirement System; Corporate Powers and Privileges; Rights In Actions; Name Under Which Retirement System Business Shall Be Transacted
• OCGA § 47-4-21 Creation and Administration of the Retirement Fund
• OCGA § 47-4-22 Membership of the Board; Expenses and Per Diem; Quorum For the Transaction of Business; Chairman, Secretary, and Treasurer of the Board
• OCGA § 47-4-23 Exemption of Members of the Board From Liability For Their Acts, Omissions, and Conduct; Indemnification of Members of the Board
• OCGA § 47-4-24 Legal Adviser of the Board
• OCGA § 47-4-25 Powers and Duties of the Board
• OCGA § 47-4-26 Power of Board Over Funds; Special Account For Deposit of Funds and Payment of Benefits and Expenses; Investment Powers; Power to Employ Agents
• OCGA § 47-4-27 Power of Board to Take, Hold, and Invest Any Gift, Grant, Or Bequest
• OCGA § 47-4-28 Duty of Board to Keep Records of Accounts In Granting Benefits and Records of the Operations of the Board; Annual Financial Statement to the General Assembly
• OCGA § 47-4-29 Appropriations For Employer Contributions; Creation of an Expense Fund; Payment Prior to Commencement Date of Employer Contributions and Expenses of Retirement System
• OCGA § 47-4-30 Plan Year Designated

Article 3. Membership In the Retirement System

• OCGA § 47-4-40 Eligibility; Leaves of Absence; Termination; Transfer of Service Credits
• OCGA § 47-4-41 Membership of Persons Employed By Local Units of Administration Which Operate Local Retirement Systems

Article 4. Employee and Employer Contributions to the Retirement System

• OCGA § 47-4-60 Amount of Contributions; Manner of Payment
• OCGA § 47-4-61 Date For Start of Employee Contributions

Article 5. Service Creditable Toward Retirement

• OCGA § 47-4-80 Determination of Membership Service; Prior Service Credit and Prior Service Certificate; Creditable Service; Credit For Membership In Teachers Retirement System
• OCGA § 47-4-81 Effect of Appropriations On Credit For Prior Service

Article 6. Retirement, Retirement Allowances, and Disability Benefits

• OCGA § 47-4-100 Normal, Early, and Delayed Retirement; Vesting of Right to a Retirement Benefit
• OCGA § 47-4-101 Retirement Benefits Payable Upon Normal, Early, Or Delayed Retirement
• OCGA § 47-4-102 Optional Retirement Benefits
• OCGA § 47-4-103 Disability Retirement Benefits; Determination of Disability
• OCGA § 47-4-104 Benefits Payable Upon the Death of a Member; Refunds to Members Whose Employment Has Been Terminated
• OCGA § 47-4-105 Postretirement Benefit Adjustments
• OCGA § 47-4-106 Return to Public Service of Retired Member

Article 7. Miscellaneous Provisions

• OCGA § 47-4-120 Exemption of Rights and Benefits From State and Local Taxes and From Legal Process; Restriction On Assignability
• OCGA § 47-4-121 Attempts to Defraud the Retirement System By Means of False Statements Or Falsified Records; Adjustment of Erroneous Payments