- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update (Employees' Retirement System of Georgia) [Mar. 17, 2017]
- Creator:
- Georgia. Employees' Retirement System
- Contributor to Resource:
- Georgia. Employees' Retirement System
- Publisher:
- Atlanta, Ga. : Georgia. Employees' Retirement System
- Date of Original:
- 2017-03-17
- Subject:
- Georgia
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- publications (documents)
- 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 2017/3-17
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2017-s3-h17-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2017-s3-h17-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Serving those who serve Georgia
E RSGA
Employees' Retirement System of Georgia
For the Week of: March 13 - 17, 2017 Legislative Days: 32 - 35
Employees' Retirement System of Georgia
Legislative Update
March 17, 2017
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
Page 1
Legislative Log
Monday, March 10, 2017 HB 312 Employees' Retirement System of Georgia; Board of Trustees; include a qualified Roth contribution program in compensation plans
This bill adds a Roth contribution option to both the state's 401(k) and 457 plans, collectively known as Peach State Reserves (PSR), beginning 1/1/2018.
HB 312 received a DO PASS from the Senate Retirement Committee.
Tuesday, March 11, 2017
No retirement bills were considered.
Wednesday, March 12, 2017 HB 584 Georgia Legislative Retirement System; employee contributions; change certain provisions
This bill will increase the monthly benefit payable at retirement for Legislative Retirement System members by increasing the multiplier from $36 to $40 multiplied by the number of years of the member's creditable service. LRS members will also be required to pay an increased employee contribution rate of 9.5%. If passed, these changes will be effective 7/1/2018.
HB 584 was assigned to the House Retirement Committee.
March 17, 2017
Legislative Log (continued)
Page 2
HB 588 Employees' Retirement System of Georgia; member may purchase annuity; revise method and manner
Effective 1/1/2019, this bill will allow Employees' Retirement System (ERS) members to use money from their Peach State Reserves (PSR) 401(k) and/or 457 plan to purchase a Supplemental Guaranteed Lifetime Income (SGLI) amount to increase their monthly lifetime retirement income from the ERS pension plan.
HB 588 was assigned to the House Retirement Committee.
SB 282 Retirement; individual shall not receive creditable service; full actuarial cost associated with obtaining such creditable service; provide
Members who join the Employees' Retirement System (ERS) on or after 7/1/2018 cannot obtain creditable service unless the member pays full actuarial cost for such service. This change could impact current provisions that grant creditable service.
SB 282 was assigned to the Senate Retirement Committee.
Thursday, March 16 - Friday, March 17, 2017
No retirement bills were considered.