Administration and Management of the Assets of the Benefit System

  1. Law
  2. Georgia Code
  3. Retirement and Pensions
  4. Georgia Municipal Employees Benefit System
  5. Administration and Management of the Assets of the Benefit System

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Section
47-5-20

Creation of Board of Trustees

Section
47-5-21

Membership of Board

Section
47-5-22

Officers of the Board of Trustees; Election; Merger of Offices of Secretary and Treasurer; Compensation of the Secretary and Treasurer; Treasurer's Performance Bond

Section
47-5-23

Powers of the Board of Trustees Generally

Section
47-5-24

Powers of Board With Regard to Funds Held by It

Section
47-5-25

Valuation of Assets of the Retirement System

Section
47-5-26

Duty of Board of Trustees to File an Annual Financial Report With Each Member Employer; Filing of Objections to Transactions Shown in Such Report

Section
47-5-27

Payment of Administrative Expenses of the Board of Trustees; Allocation of Expenses Among Member Municipalities

Section
47-5-28

Accounts for Participating Employees, Member Employers, and as Otherwise Required; Authorization of Funds; Commingling Restriction

Section
47-5-29

Periodic Determination of Principal and Income of the Funds; Periodic Merger of Principal and Income; Method for Determination of Principal Value of Each Unit of Funds

Section
47-5-30

Periodic Audit of the Accounts of the Board of Trustees; Contents and Availability of Report of Such Audit; Standard of Care in Conduct of the Audit and Liability of Auditors