Chapter 4. Public School Employees Retirement System

Article 1. General Provisions

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

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

• § 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
• § 47-4-21. Creation and Administration of the Retirement Fund
• § 47-4-22. Membership of the Board; Expenses and Per Diem; Quorum For the Transaction of Business; Chairman, Secretary, and Treasurer of the Board
• § 47-4-23. Exemption of Members of the Board From Liability For Their Acts, Omissions, and Conduct; Indemnification of Members of the Board
• § 47-4-24. Legal Advisor of the Board
• § 47-4-25. Powers and Duties of the Board
• § 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
• § 47-4-27. Power of Board to Take, Hold, and Invest Any Gift, Grant, Or Bequest
• § 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
• § 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

Article 3. Membership In the Retirement System

• § 47-4-40. Eligibility; Leaves of Absence; Termination; Transfer of Service Credits
• § 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

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

Article 5. Service Creditable Toward Retirement

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

Article 6. Retirement, Retirement Allowances, and Disability Benefits

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

Article 7. Miscellaneous Provisions

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