- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update, 2018 February 9
- Contributor to Resource:
- Employees' Retirement System of Georgia
- Publisher:
- Atlanta, Ga. : Employees' Retirement System of Georgia
- Date of Original:
- 2018-02-09
- 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 2018/2-9
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2018-s2-h9-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2018-s2-h9-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: February 5 - 9, 2018 Legislative Days: 15 - 18
Employees' Retirement System of Georgia
Legislative Update
February 9, 2018
Inside This Update
1-2 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, February 5, 2018 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 Rules Committee and was placed on the House Calendar for 2/6/2018.
Tuesday, February 6, 2018 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 by a vote of 168-0.
February 9, 2018
Legislative Log (continued)
Page 2
Wednesday, February 7, 2018
HR 1052 House Study Committee on State Health and Retirement Benefits for Sheriff's Deputies; create
This bill creates a House Study Committee for various stakeholders to review and determine the cost of including Sheriff's Deputies in state health and retirement systems.
HR 1052 was assigned to the Special Rules Committee.
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 Rules Committee and was placed on the Senate Calendar for 2/8/2018.
Thursday, February 8, 2018
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 by a vote of 52-0.
Friday, February 9, 2018 No retirement bills were considered.