Legislative update, 2018 March 9

Serving those who serve Georgia

E RSGA
Employees' Retirement System of Georgia

For the Week of: March 5 - March 9, 2018 Legislative Days: 30 - 32

Employees' Retirement System of Georgia
Legislative Update

March 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
Ashley Waller Legal and Policy Research Analyst, ERSGA 404-603-5694 ashley.waller@ers.ga.gov

Legislative Log
Monday, March 5 - Tuesday, March 6, 2018 No retirement bills were considered.

Page 1

Wednesday, March 7, 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 by Committee Substitute from the Senate Rules Committee and was placed on the Senate Calendar for 3/9/2018.
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 House Retirement Committee.

March 9, 2018
Legislative Log (continued)

Page 2

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 House Retirement Committee.

Thursday, March 8, 2018
No retirement bills were considered.
Friday, March 9, 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 by Committee Substitute from the Senate by a vote of 51 - 0.