Statutes, codes, and regulations
CODE OF GEORGIA
Title 47 - RETIREMENT AND PENSIONSChapter 3 - TEACHERS RETIREMENT SYSTEM OF GEORGIA
Article 3 - EMPLOYEE AND EMPLOYER CONTRIBUTIONS; CREATION OFFUNDS FOR CONTRIBUTIONS, BENEFITS, AND ADMINISTRATIVE EXPENSES
Section 47-3-44 - Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest

Ga. Code § 47-3-44

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Current through 2023-2024 Legislative Session Chapter 709
Section 47-3-44 - Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest

All interest and dividends earned on the funds of the retirement system shall be credited to the pension accumulation fund. Once each year the board of trustees shall transfer from the pension accumulation fund to the annuity savings fund such amounts as are sufficient to allow regular interest on the balances of the individual accounts of members in the annuity savings fund.

OCGA § 47-3-44