06 LC 21
8688S
House
Bill 582 (COMMITTEE SUBSTITUTE)
By:
Representatives Mosley of the
178th
and Cummings of the
16th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 47-2-99 of the Official Code of Georgia Annotated, relating
to the applicability of creditable service in the
Employeeś
Retirement System of Georgia for persons employed in a temporary full-time
position, so as to provide that credit may be granted for service covered by
Chapter 22 of Title 47, the Georgia Defined Contribution Plan; to provide
conditions 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.
Code
Section 47-2-99 of the Official Code of Georgia Annotated, relating to the
applicability of creditable service in the
Employeeś
Retirement System of Georgia for persons employed in a temporary full-time
position, is amended by striking in its entirety subsection (a) and inserting in
lieu thereof the following:
"(a)
Any member of the retirement system, including a member subject to the
provisions of Code Section 47-2-334, who was, at any time prior to becoming a
member, employed by an employer as a temporary full-time employee, may obtain up
to 12 months of creditable service for such service as a temporary full-time
employee under the conditions contained in this Code
section;
provided, however, that no such credit shall be granted for any period which was
covered under Chapter 22 of this title, relating to the Georgia Defined
Contribution
Plan."
SECTION
2.
Said
Code section is further amended by striking in its entirety subsection (c) and
inserting in lieu thereof the following:
"(c)(1)
Any member of the retirement system who was, immediately prior to becoming a
member, employed in a position in which he or she was covered under Chapter 22
of this title, relating to the Georgia Defined Contribution Plan, may obtain
creditable service for his or her total prior service as a participant in such
plan under the conditions contained in this Code section.
(2)
One month of creditable service shall be granted for each 160 hours of credited
service, not to exceed 12 months of creditable service for all service rendered
during any single calendar year.
(3)
A member wishing to obtain such creditable service shall pay to the board of
trustees such amount as determined by the actuary as necessary to grant such
benefit without creating any actuarial accrued liability as to this retirement
system.
(4)
The board of trustees shall require such proof of service as may be necessary to
carry out the provisions of this Code section.
(5)
In order to obtain creditable service under this Code section, a member must
make application to the board of trustees not later than December 31, 2006, or
within six months of becoming a member of this retirement system, whichever date
is later.
(c)(d)
Application for creditable service authorized by subsection (a) of this Code
section must be received by the board of trustees not later than
June 30,
2001
December 31,
2006, or 24 months after the member
becomes a member of the retirement system, whichever date is
later."
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.