Serving those who serve Georgia E RSGA Employees' Retirement System of Georgia For the Week of: March 11 - March 15, 2019 Legislative Days: 30 - 32 Employees' Retirement System of Georgia Legislative Update March 15, 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 Legislative Log Monday, March 11, 2019 No retirement bills were considered. Tuesday, March 12, 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. Page 1 Ashley Waller Legal and Policy Research Analyst, ERSGA 404-603-5694 ashley.waller@ers.ga.gov SB 55 received a DO PASS from the House Retirement Committee. SB 176 Employees' Retirement System of Georgia; certain public employers; make employer and employee contribution on behalf of retired members; require Beginning 7/1/19, this legislation requires employers that employ an Employees' Retirement System (ERS) retiree to pay both the employer and employee contributions for the retiree to ERS. The retiree would continue to receive their retirement benefit; however, they would not earn any additional creditable service in the retirement system. This provision would not apply if the employing agency certifies employee is an independent contractor. SB 176 received a DO PASS from the House Retirement Committee. March 15, 2019 Legislative Log (continued) Page 2 Wednesday, March 13, 2019 HB 196 Retirement and pensions; each public retirement system trustee to complete appropriate education applicable to his or her fiduciary duties; require This bill requires trustees of public retirement systems to complete fiduciary training and educational courses in specified retirement areas. HB 196 received a DO PASS from the Senate Retirement Committee. Thursday, March 14 - Friday, March 15, 2019 No retirement bills were considered.