First Reader Summary

A BILL to be entitled an Act to amend Article 7 of Chapter 3 of Title 47 of the Official Code of Georgia Annotated, relating to retirement allowances, disability benefits, and spousesī benefits under the Teachers Retirement System of Georgia, so as to provide conditions pursuant to which certain retired members of such retirement system may return to service and maintain their benefits; to provide for the commitment of a certain period of service; to provide for the creation of a separate deferred benefit account within such retirement system; to provide for the disbursement of funds; to provide for the forfeiture of funds; to provide for rules and regulations; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Code Sections Amended

47-20-50 \ 47-3-127