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2010 Georgia Code
TITLE 47 - RETIREMENT AND PENSIONS
CHAPTER 3 - TEACHERS RETIREMENT SYSTEM OF GEORGIA
ARTICLE 7 - RETIREMENT ALLOWANCES, DISABILITY BENEFITS, AND SPOUSES' BENEFITS
§ 47-3-126 - Postretirement benefit adjustments
O.C.G.A. 47-3-126 (2010)47-3-126. Postretirement benefit adjustments
The board of trustees is authorized to adopt a method of providing postretirement benefit adjustments for a beneficiary in his postretirement years. Such method of adjustment may result in the adoption by the board of trustees of a method of financing other than that described in paragraphs (1) through (3) of Code Section 47-3-43 and shall be based upon:
(1) Recommendation of the actuaries for the board of trustees; and
(2) Maintaining the actuarial soundness of the system.
The board of trustees may specify a minimum age which a beneficiary must have attained in order to be eligible for the postretirement benefit adjustment.
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