One Click Case Law for § 47-3-126
O.C.G.A. § 47-3-126-4 <-- --> O.C.G.A. §47-3-127-1

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.