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2024 CODE OF GEORGIA
Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101)
Chapter 5 - GEORGIA MUNICIPAL EMPLOYEES BENEFIT SYSTEM (§§ 47-5-1 — 47-5-72)
Article 2 - ADMINISTRATION AND MANAGEMENT OF THE ASSETS OF THE BENEFIT SYSTEM (§§ 47-5-20 — 47-5-30)
- Section 47-5-20 - Creation of board of trustees
- Section 47-5-21 - Membership of board
- Section 47-5-22 - Officers of the board of trustees; election; merger of offices of secretary and treasurer; compensation of the secretary and treasurer; treasurer's performance bond
- Section 47-5-23 - Powers of the board of trustees generally
- Section 47-5-24 - Powers of board with regard to funds held by it
- Section 47-5-25 - Valuation of assets of the retirement system
- Section 47-5-26 - Duty of board of trustees to file an annual financial report with each member employer; filing of objections to transactions shown in such report
- Section 47-5-27 - Payment of administrative expenses of the board of trustees; allocation of expenses among member municipalities
- Section 47-5-28 - Accounts for participating employees, member employers, and as otherwise required; authorization of funds; commingling restriction
- Section 47-5-29 - Periodic determination of principal and income of the funds; periodic merger of principal and income; method for determination of principal value of each unit of funds
- Section 47-5-30 - Periodic audit of the accounts of the board of trustees; contents and availability of report of such audit; standard of care in conduct of the audit and liability of auditors
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