Ga. Comp. R. & Regs. R. 513-5-1-.39 - Credit for Study Leave
(1) The Teachers Retirement System will,
beginning July 1, 1976, prepare cost calculations for the establishment of
approved study leave pursuant to Act No. 1375 (House Bill 1302) signed into law
on April 1, 1976. The following information should be submitted to the Teachers
Retirement System by members wishing to establish such service:
(a) Verification of salary for full-time
employment for the year immediately preceding the period of study leave,
including a statement verifying the source of those funds. The verification
statement must be from an official of the institution which employed the member
for the year immediately prior to the period of study leave.
(b) A copy of the member's transcript or a
statement showing the dates of attendance and course of study taken issued by
the institution he or she attended during the period of study leave.
(c) Verification from an official of the
institution which granted the study leave stating that the leave was granted
for the purpose of additional study.
(2) The law also stipulates that to be
eligible to establish approved study leave as creditable service, the member
must have returned to employment for a minimum of five years. The records of
the Teachers Retirement System will reflect the current status of a member as
to years of service, so no verification of this five-year waiting period will
be needed from the current employer.
(3) The cost for this service is to be
calculated in the same manner as other retroactive service rendered in Georgia.
Care should be taken to identify the source of the member's salary just prior
to the period of leave. If that salary was paid from State funds, the member
should be charged with only the employee contributions and interest on our Form
C-I, and the appropriate matching fund should be collected from the State. If
part of the member's salary was paid from funds other than State funds, the
member is to be charged with member contributions plus interest, and the
current employer is to be charged for the matching funds on all salaries
other than State salaries and the remaining matching funds based
upon State salary should be collected from the State. In all cases, members
shall only be credited with the employee contributions and interest. Employer
contributions collected from current employers will be credited to the Pension
Accumulation Account. (4) Active members of the Teachers Retirement System are
able to establish credit retroactively for study leave under Act No. 1375
(House Bill 1302, 1976 session), however, retirees of the system cannot
establish credit for study leave under the bill.
Notes
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