Serving those who serve Georgia E RSGA Employees' Retirement System of Georgia Employees' Retirement System of Georgia 2020 Legislative Summary 2020 Enacted Legislation August 28, 2020 Inside This Update 1 - 2 Enacted Legislation 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 Page 1 2020 Enacted Legislation HB 663 (Act 371) Georgia Judicial Retirement System; membership for certain persons employed in certain full time positions requiring admission to the State Bar of Georgia as a condition of employment; require This legislation provides for retirement plan membership for the judge and employees of the recently established State-wide Business Court. Specifically, this bill allows individuals employed full-time as a judge for the Business Court to be eligible for Judicial Retirement System (JRS) membership, while all other Business Court employees are eligible for membership in the Employees' Retirement System (ERS). Effective Date: 7/1/2020 Signed by Governor: 6/29/2020 HB 664 (Act 383) Georgia Judicial Retirement System; membership for certain persons employed in certain full-time positions requiring admission to the State Bar of Georgia as a condition of employment; require This bill changes the required plan membership of new Legislative Counsel for the General Assembly from the Employees' Retirement System (ERS) to the Judicial Retirement System (JRS) for all those employed on or after July 1, 2020. It also allows for current ERS members of Legislative Counsel to elect and continue membership in JRS for such employment. Effective Date: 7/1/2020 Signed by Governor: 6/29/2020 August 28, 2020 Page 2 SB 26 (Act 386) Employees' Retirement System of Georgia; prior service as a member of Georgia Defined Contribution Plan; creditable service; provide This bill allows for Employees' Retirement System (ERS) members, after meeting specific requirements, to purchase and receive credit for all service under the Georgia Defined Contribution Plan (GDCP) which was immediately prior to ERS membership. It also provides for a payment plan option to be implemented in order to pay for such service. Effective Date: 7/1/2020 Signed by Governor: 6/29/2020 SB 176 (Act 510) Employees' Retirement System of Georgia; certain public employers; make employer and employee contribution on behalf of retired members; require This legislation requires employers who hire retirees of the Employees' Retirement System (ERS) to pay both the employer and employee contributions associated with such employment. The retiree will not accrue any additional service credit and their retirement benefit will be suspended after working 1,040 hours in a calendar year. Exceptions apply for employment with an independent contractor. Effective Date: 1/1/2021 Signed by Governor: 7/29/2020