Ga. Comp. R. & Regs. R. 513-5-1-.20 - Interest to be Paid on Special Refunds
It is the policy of the Teachers Retirement System of Georgia to pay interest at the normal applicable accrued interest rate on a refund of monies paid directly into the Teachers Retirement System by a member when such refund is a result of a correction to the member's account and when such monies have been held by the Teachers Retirement System for more than 60 days. Such interest shall be prorated from the date received by the Teachers Retirement System to the date of a payment rounded to the closest month.
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