Title 47, Chapter 21, Section 2
As used in this chapter, the term:
(1) "Board of regents" means the Board of Regents of the
University System of Georgia.
(2) "Board of trustees" means the Board of Trustees of the
Teachers Retirement System of Georgia.
(3) "Earnable compensation" means the full rate of regular
compensation payable to a participating employee for the
employee's normal working time and includes compensation paid to
the employee by an employer from grants or contracts made by
outside agencies with the employer.
(4) "Participating employee" means an eligible university system employee, as defined in Code Section 47-3-68, who elects to participate in the retirement plan provided for in this chapter pursuant to the provisions of said Code Section 47-3-68.