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Georgia General Assembly > Legislation
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2001-2002 Regular Session - SB 256
Teachers' Optional Retirement Plan; establish
Sponsored By
SC: RetirementHC:
First Reader Summary
A BILL to be entitled an Act to amend Title 47 of the O.C.G.A., relating to retirement and pensions, so as to establish the Teachers´ Optional Retirement Plan; to define certain terms; to provide that the board of trustees of the Teachers Retirement System of Georgia shall establish an account for certain teachers in such plan; to provide for participation in such plan; to provide for the payment of employer and employee contributions into such plan; to provide for an election of participation; to provide for vesting; to provide for the distribution of funds; to provide for the transfer of funds to the board of trustees of the Teachers Retirement System of Georgia and the grant of creditable service in such retirement system; to provide a penalty for certain employment related crimes; to repeal conflicting laws; and for other purposes.
Status History
Mar/01/2001 - Senate Read and Referred
Feb/27/2001 - Senate Hopper