06 LC 21
8908S
House
Bill 731 (COMMITTEE SUBSTITUTE)
By:
Representatives Borders of the
175th
and Black of the
174th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 3 of Chapter 23 of Title 47 of the Official Code of Georgia
Annotated, relating to membership in the Georgia Judicial Retirement System, so
as to provide that any person who was serving as a juvenile court judge on July
1, 2006, and who was not a member of any state or local retirement system or
pension fund may become a member of the Georgia Judicial Retirement System; to
provide that any such person may obtain up to five years of creditable service
upon payment of the full actuarial cost; to provide for related matters; 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.
Article
3 of Chapter 23 of Title 47 of the Official Code of Georgia Annotated, relating
to membership in the Georgia Judicial Retirement System, is amended by inserting
at the end thereof the following:
"47-23-51.
(a)
Any person who on July 1, 2006, was serving as a juvenile court judge and who
was not a member of any state or local retirement system or pension fund may
make an irrevocable election to become a member of this system. Such election
must be made in writing to the board of trustees not later than December 31,
2006.
(b)
Any member who becomes a member under the provisions of subsection (a) of this
Code section may obtain up to five years of creditable service for prior service
as a juvenile court judge by paying to the board of trustees such amount as
determined by the actuary as necessary to grant such creditable service without
creating any actuarial accrued liability as to the retirement system. No
service may be used for purposes of this subsection which may also be used for
credit in any other public retirement system or pension
fund."
SECTION
2.
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repealed in its entirety on July 1, 2006, as required by subsection (a) of Code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
3.
All
laws and parts of laws in conflict with this Act are repealed.