Georgia § 47-17-102 - Reduction of benefits upon determination that available funds are insufficient; liability of members of the board for such reductions.
Full text of Georgia Official Code of Georgia Annotated § 47-17-102 — Reduction of benefits upon determination that available funds are insufficient; liability of members of the board for such reductions., with citation guidance and answers to common questions.
§ 47-17-102. Reduction of benefits upon determination that available funds are insufficient; liability of members of the board for such reductions.
If at any time the amounts derived from the different sources provided in this chapter are not sufficient to enable the board to pay in full each person determined to be entitled to annuities or benefits under this chapter, then each beneficiary shall receive a prorated percentage of the monthly benefits otherwise payable until the fund is sufficiently replenished to warrant the resumption thereafter of full payments of such annuities or benefits to each beneficiary. In no event shall the board, or any member of the board, be liable to any beneficiary or the representatives of any beneficiary for any deficiencies in payments made under this Code section. (Ga. L. 1950, p. 50, § 14; Ga. L. 1982, p. 3, § 47.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 47-17-102
What does Official Code of Georgia Annotated § 47-17-102 cover?
Section 47-17-102 ("Reduction of benefits upon determination that available funds are insufficient; liability of members of the board for such reductions.") 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 § 47-17-102?
A common citation format is "Official Code of Georgia Annotated § 47-17-102" (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 § 47-17-102 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.