Georgia Legislative Watch

SB80 - Public Retirement Systems; define terms; alternative investments; provide code of ethics
Sponsored by: Hill,Judson 32nd

A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the O.C.G.A., the “Public Retirement Systems Investment Authority Law,” so as to define certain terms; to provide that certain public retirement systems may invest retirement system assets in certain types of alternative investments, private placements, and other private investments; to provide that such investments may be made up to a certain amount; to shield information related to such investment from public scrutiny; to provide for a code of ethics; to amend Code Section 50-18-72 of the O.C.G.A., relating to when public disclosure of records is not required and disclosure exempting legal authority, so as to exempt certain public records from public inspection; to repeal conflicting laws; and for other purposes.

SB47 - School Districts; agree to assist employees in qualified investment plan;define certain terms; provide for certain offenses/penallties
Sponsored by: Seabaugh,Mitch 28th

A BILL to be entitled an Act to amend Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to elementary and secondary education, so as to provide that school districts may agree to assist employees in investing in certain qualified retirement plans; to define certain terms; to provide that a school district may agree to deposit a portion of an employee’s salary into a qualified investment plan; to provide certain requirements for companies eligible to offer such plans; to provide that the Teachers Retirement System of Georgia shall administer such program; to provide for certain offenses and penalties; to provide for notice; to provide for related matters; to repeal conflicting laws; and for other purposes.

HB170 - Employees’ Retirement System; temporary full-timeemployees; service; provisions
Sponsored by: Beasley-Teague,Sharon 65th

A BILL to be entitled an Act to amend Article 5 of Chapter 2 of Title 47 of the Official Code of Georgia Annotated, relating to service creditable toward retirement benefits under the Employees’ Retirement System of Georgia, so as to provide that any person eligible to obtain creditable service for prior service as a temporary full-time employee may obtain additional creditable service as a temporary full-time or part-time employee; to provide a method for determining an apportionment of creditable service for days worked; to provide for application and payment of contributions; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

HB157 - Retirement; full-time teacher; full-time employment and benefits; provide
Sponsored by: Coleman,Brooks 97th

A BILL to be entitled an Act to amend Code Section 47-3-127.1 of the Official Code of Georgia Annotated, relating to employment of a retired teacher as a full-time teacher or in other capacities, so as to provide that a teacher who retired on or before December 31, 2007, may return to full-time employment and continue to collect his or her full retirement benefit; to repeal conflicting laws; and for other purposes.

HB150 - Employees’ Retirement System; State Patrol; certain members; age of retirement
Sponsored by: Sims,Chuck 169th

A BILL to be entitled an Act to amend Code Section 47-2-223 of the Official Code of Georgia Annotated, relating to retirement benefits under the Employees’ Retirement System of Georgia for those in service in the Uniform Division of the Department of Public Safety, so as to provide that certain members of such retirement system may elect to pay an additional employee contribution to such retirement system; to provide that any such person may retire at age 55 or after attaining at least 25 years of creditable service and receive an enhanced retirement benefit; to provide that any such election shall be irrevocable; to provide for persons in service on July 1, 2008; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.