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 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 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. Page 2