ALTERNATIVE PLAN TO SOCIAL SECURITY
Each year a determination shall be made as to the amount of money that would have been required to continue participation in Social Security during the forthcoming fiscal year. This amount shall be budgeted to fund the Alternative Plan to Social Security.
The amount determined above shall be distributed as follows:
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Cost for improvements to the survivor benefit plan over and above the cost of the September 1979, base plan.
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Cost for improvements to the long-term disability plan over and above the cost of the September 1979, base plan.
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Cost for contributions to the Teachers Retirement System for the DeKalb County Board of Education's contribution to the employee's annuity plan. O.C.G.A. ยง 47-3-1(11) provides that all money paid by an employer for a member or by a member into any tax sheltered annuity plan shall be included as earnable compensation for the purpose of computing any contributions required to be made to the Teachers Retirement System and also for the purpose of computing any benefits.
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Remainder to employee's annuity plan.
Legal References
- O.C.G.A. 20-02-0170 — Authority to withhold payment of bonded indebtedness from appropriation (Lexis)
- O.C.G.A. 20-02-0240 — Powers and duties of State Board of Education (Lexis)
- O.C.G.A. 20-02-0242 — Local school systems; local units of administration; local governing bodies; responsibilities (Lexis)
- O.C.G.A. 20-02-0243 — Withholding funds for failure to comply with QBE requirements (Lexis)
- O.C.G.A. 20-02-2096.6 — Funding (Lexis)
- Rule 160-5-2-.02 — Withholding of Funds From Local Units of Administration
- Rule 160-5-1-.02 — School Day and School Year for Students and Employees
- Rule 160-4-2-.20 — State-Funded K-8 Subjects and 9-12 Courses for Students Entering Ninth Grade in 2008 and Subsequent Years