- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update, 2018 February 2
- Contributor to Resource:
- Employees' Retirement System of Georgia
- Publisher:
- Atlanta, Ga. : Employees' Retirement System of Georgia
- Date of Original:
- 2018-02-02
- Subject:
- Labor laws and legislation--Georgia--Periodicals
Periodicals - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- serials (publications)
- Type:
- Text
- Format:
- application/pdf
- Description:
- This publication contains retirement-related information from Georgia legislative sessions.
- External Identifiers:
- Call Number GA E400 .P1 L4 2018/2-2
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2018-s2-h2-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2018-s2-h2-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: January 29 - February 2, 2018 Legislative Days: 11 - 14
Employees' Retirement System of Georgia
Legislative Update
February 2, 2018
Inside This Update
1-3 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 Director, Legislative Affairs Division, ERSGA 404-603-5646 kelly.moody@ers.ga.gov
Page 1
Legislative Log
Monday, January 29, 2018 HB 135 Employees' Retirement System of Georgia; creditable service for certain law enforcement officers; expand
Certain law enforcement members of the Employees' Retirement System (ERS) with at least ten years of service may purchase up to five years of certain non-vested local government law enforcement service, provided such members are not eligible to receive a present or future benefit from the local government. Members must pay full actuarial cost for the service.
HB 135 received a DO PASS from the House Rules Committee and was placed on the House Calendar for 1/30/18.
SB 101 Employees' Retirement System of Georgia; full-time hourly employee with Department of Natural Resources; provide for creditable service for prior service
Employees' Retirement System (ERS) members with at least two years of service who were members of the Georgia Defined Contribution Plan (GDCP) immediately prior to becoming members of ERS may obtain credit for all such prior GDCP service. Members must pay full actuarial cost for the service and will have the ability to pay for such service with a payment plan option.
SB 101 received a DO PASS from the Senate by a vote of 52-0.
SB 129 Retirement; creditable service for certain military service; provide
Employees' Retirement System (ERS) members with at least two years of service may purchase up to five years of military service performed on or after 1/1/1990. Members must pay full actuarial cost for the service and will have the ability to pay for such service with a payment plan option. Service may not be purchased if the service can or will be used to qualify for any other state or federal retirement program.
SB 129 received a DO PASS from the Senate by a vote of 52-0.
February 2, 2018
Legislative Log (continued)
Page 2
Tuesday, January 30, 2018
HB 135 Employees' Retirement System of Georgia; creditable service for certain law enforcement officers; expand
Certain law enforcement members of the Employees' Retirement System (ERS) with at least ten years of service may purchase up to five years of certain non-vested local government law enforcement service, provided such members are not eligible to receive a present or future benefit from the local government. Members must pay full actuarial cost for the service.
HB 135 received a DO PASS from the House by a vote of 156-7.
SB 197 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. The bill also provides members with the ability to pay for such service purchases with a payment plan option.
SB 197 received a DO PASS by Committee Substitute from the Senate Retirement Committee.
Wednesday, January 31, 2018
HB 119 Employees' Retirement System of Georgia; member shall be eligible to transfer funds to Georgia Judicial Retirement System; provide
This bill allows any member of the Judicial Retirement System (JRS) who was previously a member of the Employees' Retirement System (ERS) to transfer ERS service to JRS by 12/31/2018. New JRS members will have up to 90 days after employment to request such service transfer.
HB 119 was TABLED by the House Retirement Committee.
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 received a DO PASS from the House Retirement Committee.
February 2, 2018
Legislative Log (continued)
Page 3
SB 101 Employees' Retirement System of Georgia; full-time hourly employee with Department of Natural Resources; provide for creditable service for prior service
Employees' Retirement System (ERS) members with at least five years of service who were members of the Georgia Defined Contribution Plan (GDCP) immediately prior to becoming members of ERS may obtain credit for all such prior GDCP service. Members must pay full actuarial cost for the service and will have the ability to pay for such service with a payment plan option.
SB 101 received a DO PASS by Committee Substitute as amended from the House Retirement Committee.
Thursday, February 1 - Friday, February 2, 2018
No retirement bills were considered.