- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update (Employees' Retirement System of Georgia), 11 February 2011
- Creator:
- Georgia. Employees' Retirement System
- Contributor to Resource:
- Employees' Retirement System of Georgia, issuing body.
- Publisher:
- [Atlanta, Georgia] : Employees' Retirement System of Georgia, 2011-02-11
- Date of Original:
- 2011-02-11
- Subject:
- Labor laws and legislation--Georgia
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Began with: January 11-15, 2010.
Description based on: January 11-15, 2010 (harvested from www.ers.ga.gov); title from PDF masthead (Georgia Government Publications database, viewed July 26, 2016).
Latest issue consulted: March 21-25, 2016 (Georgia Government Publications database, viewed July 26, 2016). - External Identifiers:
- Call Number GA E400 .P1 L4 2011/2-11
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2011-s2-h11-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2011-s2-h11-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
For the Week of: February 7 - 11, 2011 Legislative Days: 11 - 13
Legislative Update
Employees' Retirement System of Georgia
February 11, 2011
Page 1
Inside This Update
1 Midyear Budget 1 Legislative Log 2 Legislative Log
For More Information on Legislation, please visit: www.ers.ga.gov
Contact Us
Pamela L. Pharris Director, ERSGA 404-603-5602 pamela.pharris@ers.ga.gov
Jim Potvin Deputy Director, ERSGA 404-603-5605 jim.potvin@ers.ga.gov
Kelly L. Moody Legislative Liaison and Assistant Director, ERSGA 404-603-5646 kelly.moody@ers.ga.gov
Danise Thaxton Executive Assistant to the Director, ERSGA 404-603-5602 danise.thaxton@ers.ga.gov
House Adopts Midyear Budget
The Fiscal Year 2011 Amended Budget (HB 77) passed the House of Representatives yesterday afternoon by a vote of 136-29. The $18.1 billion Amended Budget will now go to the Senate for possible changes and approval.
The Amended Budget that passed the House included $300 million in reductions due to the down economy. Many State Agencies face spending cuts around 4 percent in the revised Budget.
The Annual Required Employer Contribution Rates (ARC) for the Plans administered by the Employees' Retirement System of Georgia were fully funded by the House in the Amended Budget. The ARC is the amount of employer contributions required (as determined by the Actuary) from State appropriations to fund our pension plans.
Once the Fiscal Year 2011 Amended Budget is approved by the Senate, Legislators will begin work on the Fiscal Year 2012 Budget.
LEGISLATIVE LOG
HB 183 - General Assembly members; members of Georgia Legislative Retirement System; provisions
This legislation requires mandatory membership in the Legislative Retirement System (LRS) beginning July 1, 2012, and allows an irrevocable election for those who previously declined membership. Prior service may be purchased provided the member pays full actuarial cost.
As part of clean-up legislation for compliance purposes, this bill also amends statute to make it mandatory that employers report rehire of LRS retirees.
HB 183 was assigned to the House Retirement Committee by the full House.
February 11, 2011
LEGISLATIVE LOG - Continued
Page 2
HB 236 - Judges and court employees; new employees not Retirement System of Georgia members; provide
This bill allows Tax Commissioners, tax collectors, tax receivers and their employees, who first or again take office or become employed after July 1, 2012, to have the option to become members of the Employees' Retirement System (ERS) or either a local pension plan. Membership would be prohibited in both plans. If membership in ERS is designated, the County will then be responsible for paying employer contributions for such member.
HB 236 was assigned to the House Retirement Committee by the full House.