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Georgia General Assembly > Legislation
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2007-2008 Regular Session - SB 156
Retirement; counties, municipal corporations; post-employment benefits; define certain terms
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Sponsored In House By
First Reader Summary
A BILL to be entitled an Act to amend Article 2 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, relating to minimum funding standards for public retirement systems, so as to provide that counties, municipal corporations, and other political subdivisions may provide post-employment benefits other than retirement or pension benefits; to define certain terms; to provide that such plans may be prefunded to comply with certain financial reporting, disclosure, and actuarial requirements; to provide that such funds shall be held in trust for the intended purpose; to provide that such funds are declared to be public property exempt from state and local taxation; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Jul/01/2007 - Effective Date
May/11/2007 - Act 23
May/11/2007 - Senate Date Signed by Governor
Apr/26/2007 - Senate Sent to Governor
Apr/20/2007 - Senate Agreed House Amend or Sub
Apr/16/2007 - House Passed/Adopted By Substitute
Apr/16/2007 - House Third Readers
Apr/11/2007 - House Committee Favorably Reported By Substitute
Mar/29/2007 - House Second Readers
Mar/28/2007 - House First Readers
Mar/27/2007 - Senate Passed/Adopted By Substitute
Mar/27/2007 - Senate Third Read
Mar/20/2007 - Senate Read Second Time
Mar/19/2007 - Senate Committee Favorably Reported By Substitute
Feb/14/2007 - Senate Read and Referred
Feb/13/2007 - Senate Hopper
4/20/2007 Senate agreed to House substitute
Apr/20/2007 - Senate Vote #418Yea(46)Nay(3)NV(3)
Apr/16/2007 - House Vote #299Yea(129)Nay(0)NV(36)
Mar/27/2007 - Senate Vote #208Yea(47)Nay(3)NV(5)
Past Versions