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  6. Title 47 - Retirement and P...
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  8. Chapter 5 - Georgia Municip...
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  10. Article 2 - Administration and Management of th...


Article 2 - Administration and Management of the Assets of the Benefit System


  • § 47-5-20. Creation of board of trustees
  • § 47-5-21. Membership of board
  • § 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
  • § 47-5-23. Powers of the board of trustees generally
  • § 47-5-24. Powers of board with regard to funds held by it
  • § 47-5-25. Valuation of assets of the retirement system
  • § 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
  • § 47-5-27. Payment of administrative expenses of the board of trustees; allocation of expenses among member municipalities
  • § 47-5-28. Accounts for participating employees, member employers, and as otherwise required; authorization of funds; commingling restriction
  • § 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
  • § 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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