Legislative update, 2021 March 9

Serving those who serve Georgia

E RSGA
Employees' Retirement System of Georgia

For the Week of: March 15-19, 2021 Legislative Days: 32 - 35

Employees' Retirement System of Georgia
Legislative Update

March 19, 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
Ashley Waller Legal and Policy Research Analyst, ERSGA 404-603-5694 ashley.waller@ers.ga.gov

Legislative Log
Monday, March 15, 2021 No retirement bills were considered.

Page 1

Tuesday, March 16, 2021
HB 657 Employees' Retirement System; certain sworn law enforcement officers to be eligible for regular retirement benefits at the age of 55 years; allow
This bill expands the current retirement eligibility and benefits applying to certain law enforcement personnel who are ERS members so as to include officers, deputy commissioners, and commissioners of the Motor Carrier Compliance Division and the Capitol Police Division of the Department of Public Safety.
Under this legislation, which would become effective July 1, 2022, such groups of ERS members would be eligible to retire with normal benefits at the age of 55, provided they had at least 10 years of creditable service, and would also be eligible for Injury in the Line of Duty provisions as well as purchase of applicable, local creditable service.

HB 657 was forwarded for actuarial study by the House Retirement Committee.

March 19, 2021
Legislative Log (continued)

Page 2

Wednesday, March 17, 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 recived a DO PASS from the Senate Retirement Committee.

Thursday, March 18 - Friday, March 19, 2021 No retirement bills were considered.

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