Georgia Legislative Watch

HB735 - Teachers Retirement System; postretirement benefit increase; provisions
Sponsored by: Parham,Bobby 141st

A BILL to be entitled an Act to amend Chapter 3 of Title 47 of the Official Code of Georgia Annotated, relating to the Teachers Retirement System of Georgia, so as to provide for a postretirement benefit increase for certain retired members; to provide for a recalculation of creditable service; to provide for an allocation of benefit increases; to provide that active members of such retirement system may obtain creditable service for prior service in public schools; to provide for conditions; to provide for the payment of employer and employee contributions; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.