Georgia · Official Code of Georgia Annotated — full code (public domain; via Open US Law, CC BY 4.0)
O.C.G.A. § 47-1-85: Retirement and Pensions — O.C.G.A. § 47-1-85
What this law says, in plain English
Public retirement system assets must be held in trust exclusively for plan members' and beneficiaries' benefit and reasonable administrative expenses. Pension board trustees cannot engage in transactions prohibited by federal tax code Section 503(b).
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