45-18-102

Code Resources

Georgia Resources
Georgia Website
Georgia Governor
Georgia Legislature
Georgia Courts

Search this Code
in Google Scholar

on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search

in the News
Google News Search
Google News Archive Search
Yahoo! News Search

in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search

in other Databases
Google Book Search

45-18-102.
(a) Responsibility for the proper operation of the fund is vested in the department.
(b) The board shall adopt actuarial assumptions as it deems necessary and prudent.
(c) The board shall determine the minimum annual required contribution rates sufficient to maintain the fund in accordance with the state plan for other post-employment benefits.
(d) The board may adopt any rules and regulations that it finds necessary to properly administer the fund.
(e) The department shall furnish reports to the board at each of the board́s regularly scheduled meetings for the board́s review. The reports shall contain the most recent information reasonably available to the department reflecting the obligations of the fund, earnings on investments, and such other information as the board deems necessary and appropriate.
(f) The commissioner of community health, as executive officer of the board, shall employ such personnel as may be needed to carry out the provisions of this article and such personnel shall be employees of the Department of Community Health. The pro rata share of the costs of operating the Department of Community Health in the manner prescribed by law shall be a part of the administrative costs of the fund.
(g) The department may employ or contract for the services of actuaries and other professionals as required to carry out the duties established by this article.
(h) The department shall contract with the Division of Investment Services of the Teachers Retirement System of Georgia and the Employeeś Retirement System of Georgia for any necessary services with respect to fund investments.
(i) The department shall maintain all necessary records regarding the fund in accordance with generally accepted accounting principles, as applicable to the fund.
(j) The department shall collect all moneys due to the fund and shall pay any administrative expenses necessary and appropriate for the operation of the fund from the fund.
(k) The department shall prepare an annual report of fund activities. Such reports shall include, but not be limited to, audited financial statements.
(l) Notwithstanding any other provision of law to the contrary, the department shall be entitled to any information that it deems necessary and appropriate from a retirement system in order that the provisions of Code Section 45-18-103 may be carried out.