SB 177 - Teachers Retirement System; change benefit formula; provide conditions

Sponsored By

Committees

Current Status

04/19/06 - Senate Date Signed by Governor

First Reader Summary

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 change the benefit formula for the Teachers Retirement System of Georgia from 2 percent to 2.5 percent; to provide a postretirement benefit adjustment; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
Date Time Vote No Yeas Nays NV Exc Description
03/09/06 12:06 PM Senate Vote #785 055 000 000 001 PASSAGE BY SUBSTITUTE
03/24/06 03:14 PM House Vote #994 145 000 025 010 PASS

Status History

Bill History
Date Action
02/14/2005 Senate Read and Referred
03/06/2006 Senate Committee Favorably Reported
03/08/2006 Senate Read Second Time
03/09/2006 Senate Third Read
03/09/2006 Senate Passed/Adopted
03/13/2006 House First Readers
03/14/2006 House Second Readers
03/16/2006 House Committee Favorably Reported
03/24/2006 House Third Readers
03/24/2006 House Passed/Adopted
04/04/2006 Senate Sent to Governor
04/19/2006 Senate Date Signed by Governor
04/19/2006 Act 477
07/01/2006 Effective Date