2001-2002 Regular Session - SB 258
Teachers Retirement; classroom teachers; required employer contributions; federal tax treatment
First Reader Summary
A BILL to be entitled an Act to amend Article 3 of Chapter 3 of Title 47 of the Official Code of Georgia Annotated, relating to employee and employer contributions under the Teachers Retirement System of Georgia, the creation of funds for contributions, benefits, and administrative expenses, so as to provide that the employer shall pay the employee contributions on behalf of any person eligible to receive a service retirement under such retirement system and who agrees to a certain period of employment; to provide that such amount shall be treated as employer contributions; to provide for the withholding of federal income taxes; to provide for a penalty; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
Mar/01/2001 - Senate Read and Referred
Feb/27/2001 - Senate Hopper