Serving those who serve Georgia E RSGA Employees' Retirement System of Georgia For the Week of: February 23 - 27, 2015 Legislative Days: 20 - 23 Employees' Retirement System of Georgia Legislative Update February 27, 2015 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 404-603-5602 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 23, 2015 HB 217 Investments; public retirement systems to invest in mutual funds, commingled funds, collective investment funds, common trusts, and group trusts; authorize This bill would allow all retirement systems under Title 47 to invest in mutual funds and commingled funds. HB 217 received a DO PASS from the House Rules Committee and was placed on the House debate calendar for 2/24/15. SB 149 Retirement; provide for creditable service for certain military service This bill allows ERS members with at least two years of service to obtain up to five years of creditable service for active military service in the armed forces of the United States on or after January 1, 1990. SB 149 was assigned to the Senate Retirement Committee. SB 150 Retirement; provide for creditable service for certain military service; provide for application and payment This bill allows ERS members with at least two years of service to obtain up to ten years of creditable service for active military service in the armed forces of the United States on or after January 1, 1990. SB 150 was assigned to the Senate Retirement Committee. February 27, 2015 Legislative Log (continued) Page 2 SB 152 Retirement; provide for the transfer of membership between the Employees' Retirement and the Teachers Retirement System of Georgia This bill creates the Georgia Teachers Pension and Savings Plan for any person who first or again becomes a member of the Teachers Retirement System (TRS) on or after January 1, 2017. All persons who become members of TRS on or after January 1, 2017, will be automatically enrolled in the Peach State Reserves 401(k) Plan, administered by ERSGA, at a rate of 5% of compensation. The defined benefit retirement allowance will be calculated using a factor of 1%. SB 152 was assigned to the Senate Retirement Committee Tuesday, February 24, 2015 HB 217 Investments; public retirement systems to invest in mutual funds, commingled funds, collective investment funds, common trusts, and group trusts; authorize This bill would allow all retirement systems under Title 47 to invest in mutual funds and commingled funds. HB 217 received a DO PASS from the House of Representatives by a vote of 167 to 0. Wednesday, February 25 - Thursday, February 26, 2015 No retirement bills were considered. Friday, February 27, 2015 No retirement bills were considered today due to the General Assembly being in recess.