- Collection:
- Georgia Government Publications
- Serial:
- Legislative update (Employees' Retirement System of Georgia)
- Title:
- Legislative update, 2021 January 29
- 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:
- 2021-01-29
- 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 2021/1-29
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2021-s1-h29-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-be400-b-pp1-bl4-b2021-s1-h29-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: January 25 - January 29, 2021 Legislative Days: 5 - 8
Employees' Retirement System of Georgia
Legislative Update
January 29, 2021
Inside This Update
1-2 Legislative Log
2 Adjournment Schedule
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, January 25 - Thursday, January 28, 2021 No retirement bills were considered.
Page 1
Friday, January 29, 2021
HB 173 Retirement and pensions; eligible large retirement system's assets that may be invested in alternative investments; increase percentage
This legislation increases the allowable percentage of assets an eligible large retirement system may invest in alternative investments from 5% to 10%. Such provisions would become effective 7/1/2021.
HB 173 was assigned to the House Retirement Committee.
Ashley Waller Legal and Policy Research Analyst, ERSGA 404-603-5694 ashley.waller@ers.ga.gov
January 29, 2021
Legislative Log (continued)
Page 2
HB 191 Georgia Legislative Retirement System; employee contributions; change certain provisions
This bill increases Legislative Retirement System (LRS) member's monthly benefit payable at retirement by increasing the multiplier from $36 to $50. LRS member contributions will also increase to 9.5% of monthly salary. Retired members will also get the $50 multiplier increase included in their retirement benefit calculation. These increases will be effective 7/1/2022.
This legislation also defines "Monthly Salary" to mean the full rate of the total combined regular monthly salary, not including any per diems, allowances, or expense reimbursements payable to a member, plus any additional regular monthly salary payable to the member pursuant to resolution adopted by the General Assembly. "Term of office" is also defined in this bill as the period of time beginning when an individual receives his or her commission as a member of the General Assembly from the Secretary of State, which commission is issued in accordance to law until the second Monday in January of the next odd-numbered year.
HB 191 was assigned to the House Retirement Committee.
Legislative Adjournment Schedule Announced through February 8, 2021
January 27 January 28 January 29 January 30-31 February 1 February 2 February 3 February 4 February 5-7 February 8
Legislative Day 6 Legislative Day 7 Legislative Day 8
Recess Legislative Day 9 Legislative Day 10 Legislative Day 11 Legislative Day 12
Recess Legislative Day 13