Title 47, Chapter 20, Section 2
( 47-20-2)
It is the purpose of this chapter to comply with the provisions of
Article III, Section X, Paragraph V of the Constitution of Georgia
requiring the General Assembly to enact legislation to define
funding standards to assure the actuarial soundness of any
retirement or pension system supported wholly or partially from
public funds and to control legislative procedures so that no bill
or resolution creating or amending any such retirement or pension
system shall be passed by the General Assembly without concurrent
provisions for funding in accordance with the defined funding
standards. |