05
LC 21 8252S/AP
House
Bill 492 (AS PASSED HOUSE AND SENATE)
By:
Representatives Cummings of the
16th
and Bridges of the
10th
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 repeal a certain election for participation; 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 striking
in its entirety Code Section 47-23-43, relating to election for participation,
and inserting in lieu thereof the following:
"47-23-43.
Any
person subject to the provisions of
this
Code
Section
47-2-334 who is employed pursuant to Code Section 28-4-3 or 45-15-31 in a
full-time position requiring admission to the State Bar of Georgia as a
condition of employment may make an irrevocable election to become a member by
so notifying the board of trustees not later than December 31, 1998, or within
90 days after becoming so employed, whichever date is later. Any such person
shall be credited with service in this retirement system only for actual service
in such position. The
Employeeś
Retirement System of Georgia shall transfer to this retirement system all
employer and employee contributions paid by or on behalf of any such member with
regular interest thereon. The member is authorized, but not required, to pay to
the board of trustees such additional amount as the member desires, each payment
to be made within 12 months of electing to become a member of this retirement
system. Such member shall receive only such creditable service, not to exceed
the actual years of service, as that amount will warrant without creating any
accrued liability to this retirement system calculated as if the member had
either elected or rejected
spousés
survivors benefits at the
membeŕs
option. Any such member who was vested in the
Employeeś
Retirement System of Georgia at the time of making such election shall be vested
in this retirement system but if applicable shall receive a retirement benefit
reduced as provided in Code Section
47-23-102
section on
June 30, 2005, shall retain all rights and obligations as exist on that
day. Such persons shall be subject to all
provisions of this chapter applicable to solicitors-general of the state
courts."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.