Title 47, Chapter 2, Section 73
( 47-2-73)
(a)(1) Any provision of this chapter or Chapter 23 of this title
to the contrary notwithstanding, any member of the Georgia
Judicial Retirement System who is vested for a normal retirement
benefit and who without a break in service becomes the head of a
state department or agency or who is appointed by the Governor to
a full-time salaried position on a state board or commission may
make a one time irrevocable election to remain a member of the
Georgia Judicial Retirement System or to become a member of this
retirement system. (2) If a person subject to this subsection elects to remain a
member of the Georgia Judicial Retirement System, the employer and
employee shall make all contributions to such retirement system
and perform such other acts as are required by law or regulation. (3) This subsection shall be applicable to each person who was a
member of the Georgia Judicial Retirement System on July 1, 2000,
and to any person who becomes a member after that date. Any
person eligible to make the election provided for in this
subsection shall do so in writing to the board of trustees of this
retirement system and the Board of Trustees of the Georgia
Judicial Retirement System not later than September 30, 2000, or
within 60 days after the date he or she became subject to this
Code section. Once made, the election is irrevocable. (4) Any person subject to this subsection who elects to become a
member of this retirement system may have accumulated
contributions under the Georgia Judicial Retirement System
transferred to this retirement system. The Board of Trustees of
the Georgia Judicial Retirement System shall pay to the board of
trustees of this retirement system all employer and employee
contributions made by or on behalf of the member, together with
regular interest. The member shall be granted only so much
creditable service as such amount will warrant without creating
any accrued actuarial unfunded liability as to this retirement
system; provided, however, that such service credits shall not be
used in determining the qualifications of a member for benefits
other than vested rights or disability, death, or normal service
retirement allowances. (b) The provisions of this Code section shall not become a part of
the employment contract and shall be subject to subsequent
legislation; provided, however, that no person who has made the
election provided by this Code section shall be affected by any
subsequent legislation. |