For the Week of: February 14 - 18, 2011 Legislative Days: 14 - 16
Legislative Update
Employees' Retirement System of Georgia
February 18, 2011
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Inside This Update
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
LEGISLATIVE LOG
Monday, February 14, 2011
No Bills were considered today due to the General Assembly being in recess.
Tuesday, February 15, 2011
HB 246 - Employees' Retirement System of Georgia; members not receive 50 percent increase; provisions
This bill prohibits any Employees' Retirement System (ERS) or Teachers Retirement System (TRS) employee from receiving an increase in compensation greater than 50% of their salary in any calendar year. Compensation includes both salary increases and incentives bonuses.
HB 246 was assigned to the House Retirement Committee by the full House.
HB 250 - Georgia Judicial Retirement System; revised survivor's benefit option; provisions
Currently, JRS members must elect spousal coverage upon becoming a member of the Judicial Retirement System (JRS) or upon marriage. The member pays an additional 2.5% each year for 16 years for this coverage.
This bill allows for new members as of July 1, 2012, to pay normal employee contributions as required by the actuary, and then at retirement, elect an option to cover a spouse by taking a reduced retirement allowance. Such a change allows for equity to the current Employees' Retirement System (ERS) spousal coverage. Current JRS members that have at least ten years of service, who at time of enrollment rejected spousal benefits, may pay the full actuarial cost for these benefits and may choose to cover their spouse according to the previous plan design or may choose the new option to cover a spouse by taking a reduced retirement allowance.
HB 250 was assigned to the House Retirement Committee by the full House.
February 18, 2011
LEGISLATIVE LOG - Continued
Wednesday, February 16, 2011 No action was taken on Retirement Bills today. Thursday, February 17, 2011 No action was taken on Retirement Bills today. Friday, February 18, 2011 No Bills were considered today due to the General Assembly being in recess.
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