Board of Commissioners
The Board of Commissioners of the Judges of the Probate Courts Retirement Fund of Georgia consists of seven members:
- The Governor or the Governor's designee
- An appointee of the Governor who is not the Attorney General
- Four probate court judges who are members of the fund
- One appointee of the Governor who is a member of the fund and a retired probate court judge
Per 2006 Georgia Code - 47-11-20, the Secretary-Treasurer of the Fund is elected and appointed by the Board and serves at the pleasure of the Board.
Georgia law grants the Board the powers and duties to:
- Provide for the collection of all monies
- Pay administrative expenses
- Hear and decide all applications for retirement benefits
- Make payment of all retirement benefits due
- Make rules and regulations consistent with state laws for its governance and the governance of its employees
- Determine and fix rules of eligibility for retirement benefits
- Make refunds and repayments to entitled persons
- Keep records of its meetings
The Board has the authority to increase the maximum monthly retirement benefits and control all funds, including the power to invest and reinvest funds, subject to Georgia law. The Board is also authorized to employ agents for investment recommendations and decisions.
