O.C.G.A. § 45-18-31: Deferred compensation plans authorized for state, municipalities, counties, or other political subdivisions.

The state or any county, municipality, or other political subdivision may contract with any employee to defer, in whole or in part, any portion of such employee’s compensation under a deferred compensation plan; and the state, county, municipality, or other political subdivision may provide the deferred compensation plan itself or it may contract with any company qualified to do business in this state to provide such benefits.