05 LC 21
8049
House
Bill 480
By:
Representative Mumford of the
95th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 4 of Chapter 23 of Title 47 of the Official Code of Georgia
Annotated, relating to service creditable in the Georgia Judicial Retirement
System, so as to provide that any member of the Georgia Judicial Retirement
System may obtain creditable service for prior service as an active member of
the
Employeeś
Retirement System of Georgia; to provide that any member of such retirement
system may obtain creditable service for certain prior service as a county-paid
assistant district attorney or employee of the Georgia Public Defender Standards
Council; to provide for application and payment of the full actuarial value of
such service; to provide conditions and limitations; to provide for an effective
date and automatic repeal; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
4 of Chapter 23 of Title 47 of the Official Code of Georgia Annotated, relating
to service creditable in the Georgia Judicial Retirement System, is amended by
striking in its entirety paragraph (1) of subsection (a) of Code Section
47-23-64, relating to transfer of funds from the
Employeeś
Retirement System of Georgia by judges, solicitors general, or district
attorneys and crediting service, and inserting in lieu thereof the
following:
"(a)(1)
Any
superior
court judge, state court judge, solicitor general, or district
attorney
member of this
retirement system who was previously an
active member of the
Employeeś
Retirement System of Georgia may elect to have all contributions made by or on
behalf of such member transferred from such retirement system to this retirement
system. Any such member shall notify the board of trustees of each retirement
system not later than December 31,
2002
2006,
or within 90 days after first becoming a member of this retirement system,
whichever date is
later."
SECTION
2.
Said
article is further amended by inserting at the end thereof the
following:
"47-23-65.
Any
member of this retirement system may receive creditable service for all or a
portion of his or her past service as a county-paid assistant district attorney
or employee of the Georgia Public Defender Standards Council upon payment to the
board of trustees of an amount which will allow such creditable service without
creating any accrued actuarial unfunded liability as to this retirement system.
Any member desiring such creditable service shall make application to the board
of trustees in such form as the board deems appropriate and shall make payment
not later than December 31, 2006, or within 90 days of first or again becoming a
member, whichever is later. No creditable service shall be allowed under this
Code section for any period of employment for which creditable service is
allowed under any other provision of this chapter or for which creditable
service is received under any provision of any other retirement or pension
system of this state or of any political subdivision of this
state."
SECTION
3.
This
Act shall become effective on July 1, 2006, only if it is determined to have
been concurrently funded as provided in Chapter 20 of Title 47 of the Official
Code of Georgia Annotated, the "Public Retirement Systems Standards Law";
otherwise, this Act shall not become effective and shall be automatically
repealed in its entirety on July 1, 2006, as required by subsection (a) of Code
Section 47-20-50.
SECTION
4.
All
laws and parts of laws in conflict with this Act are repealed.