Serving those who serve Georgia E RSGA Employees' Retirement System of Georgia For the Week of: March 7 - 11, 2016 Legislative Days: 32 - 35 Employees' Retirement System of Georgia Legislative Update March 11, 2016 Inside This Update 1 Legislative Log Legislative Log Monday, March 7, 2016 Page 1 For More Information on Legislation, please visit: www.ers.ga.gov No retirement bills were considered today. Tuesday, March 8 , 2016 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 HB 508 Appellate court judges; age of eligibility for certain benefits; decrease This bill changes the normal retirement age for Appellate Court Judges eligible to receive pension benefits from age 65 to age 60. HB 508 received a DO PASS from the Senate Retirement Committee. HB 605 Georgia Judicial Retirement System; member who was serving in a full-time position on his or her retirement may use prior part-time service for vesting; provide This bill changes the vesting requirements for judges moving from parttime to full-time service and allows for an actuarial calculation of benefits upon transfer to full-time service and subsequent retirement. HB 605 received a DO PASS from the Senate Retirement Committee. Wednesday, March 9 , 2016 SB 335 Retirement; permissible investments in commingled funds and collective investment funds; revise provisions This bill adds state chartered banks or trust companies to the allowable list of commingled investments under Title 47. SB 335 received a DO PASS from the House Retirement Committee. March 11, 2016 Legislative Log (continued) Page 2 Thursday, March 10, 2016 No retirement bills were considered today. Friday, March 11, 2016 HB 421 Retirement and pensions; officers employed by Department of Community Supervision shall be entitled to certain disability benefits; provide This bill is a companion bill to HB 310 (2015 Session), which creates a new Department of Community Supervision. Certain employees of the new Department will remain eligible for enhanced disability benefits once transferred. Certain employees of the new Department currently not eligible for enhanced disability benefits would become eligible upon passage. HB 421 received a DO PASS from the Senate Rules Committee and was placed on the Senate debate calendar for 3/14/16. HB 508 Appellate court judges; age of eligibility for certain benefits; decrease This bill changes the normal retirement age for Appellate Court Judges eligible to receive pension benefits from age 65 to age 60. HB 508 received a DO PASS from the Senate Rules Committee and was placed on the Senate debate calendar for 3/14/16.