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HB 0336 - Retirement and pensions; require certain public employers to make employer and employee contributions to the Teachers Retirement System of Georgia for beneficiaries employed by such certain public employers

Tracking Level: Watch
Sponsor: Shaw Blackmon
Last Action: 3/13/2020 - Senate Read and Referred
House Committee: Retirement
Senate Committee: Assignments

Staff Analysis of the Legislation

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LC 43 1515S   LC 43 1592S

Would allow persons that receive benefits through the Teachers Retirement System of Georgia to be employed as a certified teacher of pre-K through grade 12 in the areas of science, technology, engineering, arts, math or an area of of highest need (as determined by the Department of Education), provided that at least one year has expired from the effective date of such persons retirement. Individuals employed as such shall continue to remain a beneficiary, and will still be allowed to receive their retirement allowance and any post retirement benefit adjustments that they are eligible for. However such service shall not constitute creditable service and shall not entitle person to recomputation of retirement benefits upon leaving service. An employer that employs such person shall pay to the retirement system an amount equal to the product of the contribution of the rate required for employer and employee contributions and the earnable compensation of such beneficiary. 



July 1, 2020, if passed. 

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text