Legislative update, 2020 March 6

Serving those who serve Georgia

E RSGA
Employees' Retirement System of Georgia

For the Week of: March 2 - 6, 2020 Legislative Days: 22 - 25

Employees' Retirement System of Georgia
Legislative Update

March 6, 2020
Inside This Update
1-2 Legislative Log

Legislative Log
Monday, March 2, 2020

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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

SB 271 Law Assistants; rename as law clerks and staff attorneys
Allows law clerks and staff attorneys previously employed by a judicial circuit to purchase up to four (4) years of creditable service within six months of first or again becoming an ERS member beginning 7/1/2020.
SB 271 received a DO PASS from the Senate by a vote of 51 - 0.
HB 830 Retirement and pensions; increase percentage of eligible large retirement system's assets that may be invested in alternative investments
This bill increases the allowable percentage of assets an eligible large retirement system may invest in alternative investments from 5% to 10%, effective 7/1/2020.
HB 830 received a DO PASS from the House Rules Committee and was placed on the House debate calendar for 3/3/2020.
Tuesday, March 3, 2020 HB 830 Retirement and pensions; increase percentage of eligible large retirement system's assets that may be invested in alternative investments

This bill increases the allowable percentage of assets an eligible large retirement system may invest in alternative investments from 5% to 10%, effective 7/1/2020.

HB 830 received a DO PASS from the House of Representatives by a vote of 156 - 12.

March 6, 2020
Wednesday, March 4 - Friday, March 6, 2020 No retirement bills were considered.

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