SB 127 - Retirement System; Dept. of Public Safety; may elect to pay additional employee contribution; certain members

Sponsored By

• (1) Meyer von Bremen,Michael 12th
• (2) Golden,Tim 8th
• (3) Adelman,David 42nd
• (4) Thompson,Steve 33rd

Committees

• SC:RET
• HC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Code Section 47-2-223 of the Official Code of Georgia Annotated, relating to retirement benefits under the Employees' Retirement System of Georgia for those in service in the Uniform Division of the Department of Public Safety, so as to provide that certain members of such retirement system may elect to pay an additional employee contribution to such retirement system; to provide that any such person may retire at age 55 or after attaining at least 25 years of creditable service and receive an enhanced retirement benefit; to provide that any such election shall be irrevocable; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Status History

Versions

1. As introduced LC 21 9211
2. Fiscal Impact Note