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SB 0330 - Georgia Judicial Retirement System; superior court judges/district attorneys; retirement benefits; change provision

Tracking Level: Monitor
Sponsor: Heath,Bill 31st
Last Action: 4/13/2007 - Senate Read and Referred
Senate Committee: RET
Assigned To:
05. Superior CourtsNext Bill
06. State CourtsNext Bill
Retirement & CompensationNext Bill

Staff Analysis of the Legislation

Amend Article 6 of chapter 23 of Title 47.  Relating to salary, retirement, death, and disability benefits under the Georgia Judicial Retirement System so as to change provisions relating to retirement benefits for superior court judges and district attorneys.  The provisions of this subsection shall be applicable to any person who first becomes a member of this retirement system on or after July 1, 2008, or who again becomes a member and who does not have a vested right to be reinstated in this retirement system, and at the time of becoming or again becoming a member is serving as a superior court judge or district attorney; provided, however, that any member of this retirement system who is serving in such capacity may elect to become subject to the provisions of this paragraph by so notifying the board of trustees in writing not later than October 30, 2008, or within three months after becoming a superior court judge or district attorney. The right of a member subject to this subsection to receive benefits under this chapter shall vest after the member obtains ten years of creditable service; provided, however, that no member shall receive a retirement benefit prior to attaining the age of 60 years. Any member subject to this subsection who retires with 16 years or more of creditable service shall receive a benefit equal to 60 percent, plus 1 percent for each year of creditable service over 16 years, of the member�s salary; provided, however, that no member shall receive more than 24 years of creditable service. Any member retiring with less than 16 years of creditable service may retire at a reduced benefit pursuant to Code Section 47-23-103.  This Act shall become effective on July 1, 2008, only if it is determined to have been concurrently funded as provided in Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Standards Law"; otherwise, this Act shall not become effective and shall be automatically repealed in its entirety on July 1, 2008, as required by subsection (a) of Code Section 47-20-50.


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