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E RSGA
Employees' Retirement System of Georgia
For the Week of: February 3 - 7, 2014 Legislative Days: 15 - 19
Employees' Retirement System of Georgia
Legislative Update
February 7, 2014
Page 1
Inside This Update
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 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
Legislative Log
Monday, February 3, 2014
No retirement bills were considered today.
Tuesday, February 4, 2014 SB 339 Retirement and Pension; revise, modernize, correct errors/omissions in said title; Code Revision Commission
This bill is a clean-up bill to correct typographical, stylistic, and other errors and omissions in Title 47.
SB 339 was assigned to the Senate Retirement Committee.
Wednesday, February 5, 2014 HB 477 Employees' Retirement System of Georgia; Georgia Judicial Retirement System; transfer service credit
This bill allows a member of the Employees' Retirement System of Georgia (ERS) who was previously an active member of the Judicial Retirement System (JRS) to transfer JRS service to ERS.
If a member has withdrawn his/her employee contributions from JRS, the member must provide notice to the Board of Trustees requesting a transfer to ERS. At that time, the member must pay to the Board the total of such contributions, with regular interest thereon, and employee and employer contributions from JRS will be transferred to ERS. No service shall be credited that will create an unaccrued liability on the system.
HB 477 received a DO PASS from the House Retirement Committee.
February 7, 2014
Legislative Log (continued)
Page 2
Thursday, February 6, 2014 No retirement bills were considered today.
Friday, February 7, 2014
HB 935 Retirement and pensions; disclosure of public records shall include local retirement systems; provide exemption
This bill modifies the definition of retirement systems as it relates to the exemption from disclosure of public records. If enacted, the new definition would also include local retirement systems.
The bill also corrects a reference within the Public Retirement Standards Law relating to the completion of actuarial investigations. General provisions require local retirement systems to have an actuarial investigation completed every two years. This amendment is necessary to ensure the two-year cycle is stated correctly throughout Title 47.
HB 935 was assigned to the House Retirement Committee.