Legislative update, 2021 March 12

Serving those who serve Georgia

E RSGA
Employees' Retirement System of Georgia

For the Week of: March 8-12, 2021 Legislative Days: 28 - 31

Employees' Retirement System of Georgia
Legislative Update

March 12, 2021
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

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Legislative Log
Monday, March 8, 2021 HB 173 Retirement and pensions; eligible large retirement system's assets that may be invested in alternative investments; increase percentage
This bill provides changes to the process of selecting ERS Board members. Specifically, this bill would require that for the two Board positions that are members who have at least five (5) years of creditable service, the voting trustees to review and consider any individuals nominated by any organization of state retirees consisting of at least 1,000 members. Such provisions would become effect July 1, 2021 or upon the Governor's signature.
HB 173 received a DO PASS from the House of Representatives by a vote of 171-0.

Ashley Waller Legal and Policy Research Analyst, ERSGA 404-603-5694 ashley.waller@ers.ga.gov

Tuesday, March 9, 2021
HB 173 Retirement and pensions; eligible large retirement system's assets that may be invested in alternative investments; increase percentage

This bill provides changes to the process of selecting ERS Board members. Specifically, this bill would require that for the two Board positions that are members who have at least five (5) years of creditable service, the voting trustees to review and consider any individuals nominated by any organization of state retirees consisting of at least 1,000 members. Such provisions would become effect July 1, 2021 or upon the Governor's signature.

HB 173 was assigned to the Senate Retirement Committee.

March 12, 2021
Legislative Log (continued)
Wednesday, March 10 - Friday, March 12, 2021 No retirement bills were considered.

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