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Georgia General Assembly > Legislation
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2011-2012 Regular Session - HB 295
Georgia State Employees Pension and Savings Plan; transfer of accrued benefit; provide
Sponsored By
Sponsored In Senate By
First Reader Summary
A BILL to be entitled an Act to amend Title 47 of the Official Code of Georgia Annotated, relating to retirement and pensions, so as to provide a method of calculating accrued benefits for persons subject to the Georgia State Employees Pension and Savings Plan who transfer between the Employees' Retirement System of Georgia and the Teachers Retirement System of Georgia; to provide for the transfer of the accrued benefit amount and the present value of the accrued benefit; to provide that the present value shall be based on methods and assumptions of the transferring system; to provide for the recalculation of benefits; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
Status History
Feb/23/2012 - Senate Read Second Time
Feb/22/2012 - Senate Committee Favorably Reported
Jan/25/2012 - Senate Read and Referred
Jan/24/2012 - House Passed/Adopted
Jan/24/2012 - House Third Readers
Jan/12/2012 - House Committee Favorably Reported
Feb/23/2011 - House Second Readers
Feb/22/2011 - House First Readers
Feb/17/2011 - House Hopper
Jan/24/2012 - House Vote #434Yea(167)Nay(0)NV(8)