Georgia § 47-3-126 - Postretirement benefit adjustments.
Full text of Georgia Official Code of Georgia Annotated § 47-3-126 — Postretirement benefit adjustments., with citation guidance and answers to common questions.
§ 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: Recommendation of the actuaries for the board of trustees; and 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. (Ga. L. 1969, p. 391, § 1; Ga. L. 1971, p. 573, § 1; Ga. L. 1975, p. 1601, § 1; Ga. L. 1977, p. 1011, § 1.)
Frequently Asked Questions About Georgia § 47-3-126
What does Official Code of Georgia Annotated § 47-3-126 cover?
Section 47-3-126 ("Postretirement benefit adjustments.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 47-3-126?
A common citation format is "Official Code of Georgia Annotated § 47-3-126" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 47-3-126 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.