Serving those who serve Georgia E RSGA Employees' Retirement System of Georgia For the Week of: February 11 - 15, 2019 Legislative Days: 12 - 16 Employees' Retirement System of Georgia Legislative Update February 15, 2019 Inside This Update 1-2 Legislative Log Legislative Log Monday, February 11 - Tuesday, February 12, 2019 Page 1 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 No retirement bills were considered. Wednesday, February 13, 2019 SB 55 Retirement; method and manner by which a member of the Employees' Retirement System of Georgia may purchase an annuity; revise Effective 1/1/21, 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. SB 55 received a DO PASS from the Senate Retirement Committee. Thursday, February 14, 2019 HB 298 Retirement and pensions; deduction or cessation of payments owed by a public employee as a result of public employment related crimes; modify manner and timing This bill allows public retirement systems to adopt a policy to deduct from a member's benefit when convicted of a public employment related crime. The language also increases time to initiate OSAH proceedings. HB 298 was assigned to the House Retirement Committee. February 15, 2019 Legislative Log (continued) Friday, February 15, 2019 No retirement bills were considered. Page 2