- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update (Employees' Retirement System of Georgia), 09 March 2012
- Creator:
- Georgia. Employees' Retirement System
- Contributor to Resource:
- Employees' Retirement System of Georgia, issuing body.
- Publisher:
- [Atlanta, Georgia] : Employees' Retirement System of Georgia, 2012-03-09
- Date of Original:
- 2012-03-09
- 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 2012/3-9
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2012-s3-h9-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2012-s3-h9-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
E RSGA
Serving those who serve Georgia
Employees' Retirement System of Georgia
For the Week of: March 5 - March 9, 2012 Legislative Days: 29 - 30
Employees' Retirement System of Georgia
Legislative Update
March 9, 2012
Page 1
Inside This Update
1 Legislative Schedule
1 Legislative Log
For More Information on Legislation, please visit: www.ers.ga.gov
Contact Us
Jim Potvin Executive 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 Adjournment Schedule Announced through Day 37
March 12 March 13 March 14 March 15 - 18 March 19 March 20 March 21 March 22
* Recess is when the General Assembly is not in Session.
Legislative Day 31 Legislative Day 32 Legislative Day 33
Recess* Legislative Day 34 Legislative Day 35 Legislative Day 36 Legislative Day 37
Legislative Log
Monday, March 5, 2012
No action was taken on retirement bills today.
Tuesday, March 6, 2012
SB 402 - "Employees' Retirement System of Georgia Enhanced Investment Authority Act"; define certain terms relating to certain types of investments
This bill amends provisions relating to the Public Retirement Systems InvestmentAuthority Law by defining the term "alternative investments" and allows eligible large retirement systems, other than the Teachers Retirement System, to make certain alternative investments.
Senate Bill 402 allows investment in alternative investments of up to 1% per year, with a total of no more than 5% of total funds at any time.
March 9, 2012
Legislative Log (continued)
Page 2
The bill, as written, provides certain protections to ERS:
- Does not specify participation in investments based on geography
- Language is structure specific
Each investment requires at least 4 other investors on the same terms not affiliated with the issuer
Each investment shall only be made in private pools and issuers that have at least $100 million in assets
At the time of initial investment, such investors shall not include any trustee of the retirement system
making the investment or any public official as defined in paragraph 9 of O.C.G.A. 45-10-20
A code of ethics must be adopted relating to investing in and disposing of these investment vehicles
Annual reporting is required to the Governor and the House and Senate Retirement Committee Chairpersons detailing the performance of such investments. Such report must be posted on the Retirement System website.
SB 402 received a DO PASS by Committee Substitute from the House Retirement Committee.
Wednesday, March 7, 2012 No action was taken on retirement bills today. Thursday, March 8, 2012 No bills were considered today due to the General Assembly being in recess. Friday, March 9, 2012 No bills were considered today due to the General Assembly being in recess.