Staff Analysis of the Legislation
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SB 249 amends Chapter 17 of Title 47 of the OCGA to increase the dues each member of the Peace Officers’ Annuity and Benefit Fund pays from $20 per month to a sum determined annually by the fund’s Board of Commissioners between $25 and $30. Each member is required to pay this sum for a minimum of 10 years or 15 years for individuals who became members starting on July 1, 2010. The portion the fund collects from each fine or bond forfeiture is revised to increase incrementally along with amount of the fine or bond forfeiture as opposed to a flat fee. The bill further amends the monthly payment for a single life annuity from $17.50 to $35 per month for each full year of creditable service. |
