Plans Not to Reduce Pensions or Other Benefits

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The deferred compensation programs authorized by this article shall exist and serve in addition to retirement, pension, or benefit systems established by the state, county, municipality, or other political subdivision; and no deferral of income under the deferred compensation program shall effect a reduction of any retirement, pension, or other benefit provided by law.

(Ga. L. 1974, p. 198, § 6; Ga. L. 2005, p. 134, § 1/HB 275.)

OPINIONS OF THE ATTORNEY GENERAL

State deferred compensation plan is in addition to any other retirement, pension, or other benefit provided by law. Accordingly, if there is authority for any other tax sheltered annuity plan or other benefits by law, it would not conflict with these statutory provisions and both plans could continue. 1980 Op. Att'y Gen. No. 80-6.


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