2007-2008 Regular Session - SB 195
Teachers Retirement; change the benefit formula; provide postretirement benefit adjustment
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.
Feb/21/2007 - Senate Read and Referred
Feb/20/2007 - Senate Hopper