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E RSGA
Employees' Retirement System of Georgia
For the Week of: February 11 - 15, 2013 Legislative Days: 15 - 18
Employees' Retirement System of Georgia
Legislative Update
February 18, 2013
Page 1
Inside This Update
1 Legislative Log
Legislative Log
Monday, February 11, 2013
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 Communications Manager 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
No action was taken on retirement bills today.
Tuesday, February 12, 2013
SB 142 Georgia Judicial Retirement System; board of trustees; authority to determine the time/circumstances of paying benefits; qualified plan under federal law
This legislation protects the tax qualification status of the retirement system plan relating to rehired retirees.
SB 142 was assigned to the Senate Retirement Committee.
SB 143 Retirement System; board of trustees of public retirement systems; provide duties
Prior to July 1, 2010, boards of trustees of public retirement systems were subject to applicable provisions in Title 53 dealing with Common Law fiduciary duties. However, an oversight occurred when the statute was amended. This bill adds back needed references concerning Common Law fiduciary duties for boards of trustees of public retirement systems.
SB 143 was assigned to the Senate Retirement Committee.
February 18, 2013
Legislative Log (continued)
Page 2
Wednesday, February 13, 2013
HB 238 Public School Employees Retirement System; limitation on maximum level of benefits; clarify certain provisions
This legislation is clarification to a bill enacted last session (SB 246/Act 763) regarding the Public School Employees' Retirement System (PSERS). The bill clarifies that no PSERS member who retires after 7/1/12 shall be entitled to receive a retirement benefit higher than the greater of the benefit level in effect on the date of his or her termination of employment or $15.00 per month.
HB 238 received a DO NOT PASS from the House Retirement Committee.
Thursday, February 14, 2013 HB 343- Retirement and pensions; update certain cross-references to Chapter 11 of Title 15
This bill updates references in Title 47 relating to the Juvenile Code effective July 1, 2013. The Juvenile Code is being updated and this legislation is a companion bill to the update.
HB 343 was assigned to the House Retirement Committee.
SB 143 Retirement System; board of trustees of public retirement systems; provide duties
Prior to July 1, 2010, boards of trustees of public retirement systems were subject to applicable provisions in Title 53 dealing with Common Law fiduciary duties. However, an oversight occurred when the statute was amended. This bill adds back needed references concerning Common Law fiduciary duties for boards of trustees of public retirement systems.
SB 143 received a DO PASS from the Senate Retirement Committee.
Friday, February 15, 2013 No bills were considered today due to the General Assembly being in recess.