Rule 513-5-1-.39 - Credit for Study Leave(1) The Teachers Retirement System will, beginning July 1, 1976, prepare cost calculations for the establishment of approved study leave pursuant to Act No. 1375 (House Bill 1302) signed into law on April 1, 1976. The following information should be submitted to the Teachers Retirement System by members wishing to establish such service: (a) Verification of salary for full-time employment for the year immediately preceding the period of study leave, including a statement verifying the source of those funds. The verification statement must be from an official of the institution which employed the member for the year immediately prior to the period of study leave.(b) A copy of the member's transcript or a statement showing the dates of attendance and course of study taken issued by the institution he or she attended during the period of study leave.(c) Verification from an official of the institution which granted the study leave stating that the leave was granted for the purpose of additional study.(2) The law also stipulates that to be eligible to establish approved study leave as creditable service, the member must have returned to employment for a minimum of five years. The records of the Teachers Retirement System will reflect the current status of a member as to years of service, so no verification of this five-year waiting period will be needed from the current employer.(3) The cost for this service is to be calculated in the same manner as other retroactive service rendered in Georgia. Care should be taken to identify the source of the member's salary just prior to the period of leave. If that salary was paid from State funds, the member should be charged with only the employee contributions and interest on our Form C-I, and the appropriate matching fund should be collected from the State. If part of the member's salary was paid from funds other than State funds, the member is to be charged with member contributions plus interest, and the current employer is to be charged for the matching funds on all salaries other than State salaries and the remaining matching funds based upon State salary should be collected from the State. In all cases, members shall only be credited with the employee contributions and interest. Employer contributions collected from current employers will be credited to the Pension Accumulation Account. (4) Active members of the Teachers Retirement System are able to establish credit retroactively for study leave under Act No. 1375 (House Bill 1302, 1976 session), however, retirees of the system cannot establish credit for study leave under the bill.Ga. Comp. R. & Regs. R. 513-5-1-.39
O.C.G.A. Sec. 47-3-26.
Original Rule entitled "Credit for Study Leave" adopted. F. May 27, 1994; eff. June 16, 1994.