SB 243 seeks to amend Chapter 23 of Title 47 of the O.C.G.A. relating to the Georgia Judicial Retirement System. The purpose of this Act is to restore eligibility for membership in the Georgia Judicial Retirement System for certain persons who were eligible for membership under prior law.

            Code Section 47-23-43 is revised to cover any person employed pursuant to Code Section 45-15-31 instead of 28-4-3.

            New Code Section 47-23-43.1 is added to provide for any person employed under Code Section 28-4-3 in a full time position requiring admission to the State Bar of Georgia as a condition of employment to make an irrevocable election to become a member by so notifying the board no later than December 31, 2016 or within 90 days after becoming so employed. Any such person shall be credited only for actual years or service as a member of the Employees’ Retirement System of Georgia.

            Subsection (a) of Code Section 47-23-100 expands salary definitions to include “his or her average earnable monthly compensation” for any person who is a member of the retirement system pursuant to Code Section 47-23-43.1.

            This Act shall become effective on July 1, 2016 only if it is concurrently funded, otherwise, this act shall be automatically repealed in its entirely on the same date.