GEORGIA STATUTES AND CODES
               		§ 47-3-21 - Creation and membership of board of trustees; filling of  vacancies; per diem, expenses, and oath of office; quorum; creation,  membership, and duties of Teachers Retirement System Nominat
               		
               		
               	 	
               	 	               	 	
               	 	
               	 	
               	 		
O.C.G.A.    47-3-21   (2010)
    47-3-21.    Creation and membership of board of trustees; filling of  vacancies; per diem, expenses, and oath of office; quorum; creation,  membership, and duties of Teachers Retirement System Nomination  Committee 
      (a)  There is created a board of trustees which shall consist of ten trustees as follows:
      (1)  The state auditor, ex officio;
      (2)  One  member who shall be an active member of the Teachers Retirement System  of Georgia who is a classroom teacher and is not an employee of the  Board of Regents of the University System of Georgia.  Such member shall  be appointed by the Governor for a term of three years with the initial  term beginning April 1, 1991.  In making the appointment, the Governor  may consider, but not be limited to, nominations furnished him by the  nominating committee provided for by subsection (g) of this Code  section;
      (3)  The state treasurer, ex officio;
      (4)  One  member who shall be an active member of the Teachers Retirement System  of Georgia who is a classroom teacher and not an employee of the Board  of Regents of the University System of Georgia. Such member shall be  appointed by the Governor for a term of three years with the initial  term beginning July 1, 1984. In making the appointment the Governor may  consider, but not be limited to, nominations furnished him by the  nominating committee provided for by subsection (g) of this Code  section;
      (5)  One member who shall be an  active member of the Teachers Retirement System of Georgia who is a  school administrator and not an employee of the Board of Regents of the  University System of Georgia. Such member shall be appointed by the  Governor for a term of three years with the initial term beginning July  1, 1986. In making the appointment the Governor may consider, but not be  limited to, nominations furnished him by the nominating committee  provided for by subsection (g) of this Code section. The trustee  occupying the "school administrator" position on the board of trustees  on July 1, 1984, and a prior appointment by the Governor shall continue  to serve in this position from July 1, 1984, until July 1, 1986;
      (6)  One  member who shall be an active member of the Teachers Retirement System  of Georgia who is not an employee of the Board of Regents of the  University System of Georgia. Such member shall be appointed by the  Governor for a term of three years with the initial term beginning July  1, 1985. In making the appointment the Governor may consider, but not be  limited to, nominations furnished him by the nominating committee  provided for by subsection (g) of this Code section. Prior to July 1,  1984, the trustees holding office under immediately preceding law and  prior appointments by the Governor shall elect a person to occupy this  position on the board of trustees from July 1, 1984, until July 1, 1985;
      (7)  One  member who shall be an active member of the Teachers Retirement System  of Georgia who is an employee of the Board of Regents of the University  System of Georgia and who shall be appointed by the board of regents for  a term of three years with the initial term beginning July 1, 1985. The  trustee occupying the "employee of the board of regents" position on  the board of trustees on July 1, 1984, and a prior appointment by the  board of regents shall continue to serve in this position from July 1,  1984, until July 1, 1985;
      (8)  One member to be appointed by the Governor for a term of three years with the initial term beginning July 1, 1984;
      (9)  One  member who has retired under the Teachers Retirement System of Georgia  and who shall be elected by the remaining trustees for a term of three  years with the initial term beginning July 1, 1985. The trustee  occupying the "retired teacher" position on the board of trustees on  July 1, 1984, and a prior appointment by the Governor shall continue to  serve in this position from July 1, 1984, until July 1, 1985; and
      (10)  The  tenth trustee shall be a citizen of Georgia, not a member of the  Teachers Retirement System of Georgia, who shall be experienced in the  investment of moneys and who shall be elected by the remaining trustees  for a term of three years with the initial term beginning July 1, 1984.
(b)  If  a vacancy occurs in the office of a trustee, the vacancy shall be  filled for the unexpired term by the remaining trustees.
(c)  The  trustees shall each receive the daily expense allowance authorized for  members of the General Assembly for each day spent attending meetings of  the board of trustees, any committee meetings called pursuant to  authorization of the board of trustees, and for time spent in necessary  travel. In addition to such per diem, the trustees shall be reimbursed  for all actual traveling and other expenses necessarily incurred through  service on the board of trustees. State officials serving ex officio  shall receive no per diem but shall only be entitled to reimbursement of  actual expenses.
(d)  Each trustee shall,  within ten days after his appointment or election, take an oath of  office that so far as it devolves upon him he will diligently and  honestly administer the affairs of the board of trustees and that he  will not knowingly violate or willingly permit to be violated any laws  applicable to the retirement system. Such oath shall be subscribed to by  the trustee making it, certified by the officer before whom it is  taken, and shall be filed immediately in the office of the Secretary of  State.
(e)  Six trustees at any meeting of  the board of trustees shall constitute a quorum to transact business.  Each trustee shall be entitled to one vote. Five votes shall be  necessary for a decision by the board of trustees.
(f)  With  respect to the selection of all trustees under the provisions of  subsection (a) of this Code section, the Governor, the board of  trustees, the Board of Regents of the University System of Georgia, and  the nominating committee provided for by subsection (g) of this Code  section shall give due consideration to minority groups included within  the teaching profession.
(g) (1)  The  Teachers Retirement System Nominating Committee is created and such  committee shall be composed of five members. Two members shall be from  the Georgia Association of Educators, each of whom shall be selected  from different geographical areas of the state; one member shall be from  the Georgia Federation of Teachers; one member shall be from the  Professional Association of Georgia Educators; and one member shall be  from the Georgia Association of Educational Leaders. The members of each  respective organization shall elect its respective member or members of  the nominating committee by May 1, 1984. The members of the nominating  committee shall serve for terms of three years and their successors  shall be selected in the same manner as the original members. Any  vacancy shall be filled for the unexpired term by the members of the  educational organization which elected the member wherein the vacancy  exists.
      (2)  The nominating committee  shall submit to the Governor a list of three names for each person to be  appointed by the Governor pursuant to paragraphs (4), (5), and (6) of  subsection (a) of this Code section as a member of the board. In making  appointments pursuant to paragraphs (4), (5), and (6) of subsection (a)  of this Code section, the Governor may consider the names submitted by  the nominating committee, but it is specifically provided that the  appointments shall be at the sole discretion of the Governor, and the  Governor shall not be required to choose any appointee from names  submitted by the nominating committee.
      (3)  The  members of the nominating committee shall serve without compensation.  Such members may be reimbursed for travel or other expenses incurred in  attending meetings of the nominating committee from the funds of their  respective employers or educational organizations but not from the funds  of the Teachers Retirement System of Georgia.