SB 195 - Teachers Retirement; change the benefit formula; provide postretirement benefit adjustment

Current Version

PDF Version

Committees

SC:RET
HC:

Current Status

02/21/07 - Senate Read and Referred

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 change the maximum number of years of service used in such calculation; to provide a postretirement benefit adjustment; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Status History

Bill History
Date	Action
02/21/2007	Senate Read and Referred

Versions

As introduced LC 21 9285
Fiscal Impact Note