Georgia § 47-3-44 - Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest.
Full text of Georgia Official Code of Georgia Annotated § 47-3-44 — Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest., with citation guidance and answers to common questions.
§ 47-3-44. Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest.
All interest and dividends earned on the funds of the retirement system shall be credited to the pension accumulation fund. Once each year the board of trustees shall transfer from the pension accumulation fund to the annuity savings fund such amounts as are sufficient to allow regular interest on the balances of the individual accounts of members in the annuity savings fund. (Ga. L. 1943, p. 640, § 8; Ga. L. 1962, p. 723, §§ 5, 8.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 47-3-44
What does Official Code of Georgia Annotated § 47-3-44 cover?
Section 47-3-44 ("Crediting to pension accumulation fund; annual transfer from pension accumulation fund to provide regular interest.") 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 § 47-3-44?
A common citation format is "Official Code of Georgia Annotated § 47-3-44" (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 § 47-3-44 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.