- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update, 2019 February 22
- Creator:
- Employees' Retirement System of Georgia
- Contributor to Resource:
- Employees' Retirement System of Georgia, issuing body.
- Publisher:
- Atlanta, Ga. : Employees' Retirement System of Georgia
- Date of Original:
- 2019-02-22
- Subject:
- Labor laws and legislation--Georgia--Periodicals
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- periodicals
- Type:
- Text
- Format:
- application/pdf
- Description:
- This publication contains retirement-related information from Georgia legislative sessions.
- External Identifiers:
- Call Number GA E400 .P1 L4 2019/2-22
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2019-s2-h22-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2019-s2-h22-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 18 - 22, 2019 Legislative Days: 17 - 20
Employees' Retirement System of Georgia
Legislative Update
February 22, 2019
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, February 18, 2019 No retirement bills were considered.
Page 1
Tuesday, February 19, 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 received a DO PASS from the House Retirement Committee.
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 Rules Committee and was placed on the Senate Calendar for 2/20/2019.
February 22, 2019
Legislative Log (continued)
Page 2
SB 117 Public Retirement Systems Standards Law; that does not require an individual to pay the full actuarial cost of obtaining such creditable service; prohibit passage of any law
Members who join on or after July 1, 2019 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 purchase with a payment plan option.
SB 117 was assigned to the Senate Retirement Committee.
Wednesday, February 20, 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 full Senate by a vote of 50 - 2.
Thursday, February 21, 2019 HB 391 Employees' Retirement System; contact information of members shall be made available upon request by the Georgia State Retirees Association and other similarly situated entities; provide
This bill requires ERS to provide the names and contact information of members and beneficiaries to GSRA or similar entities.
HB 391 was assigned to the House Retirement Committee.
Friday, February 22, 2019 No retirement bills were considered.