Legislation Assigned to the Senate Retirement Committee (8)

Date of Last Recorded Action: 3/16/2020

HB 0195 SupportIncrease Benefit Amount Payable by the Georgia Firefighters' Pension Fund Tommy Benton
7/1/2020 Effective Date Retirement Retirement -
Debra Nesbit Fire Services Public Safety and Courts
This legislation increases the benefit amount payable to beneficiaries after a member of the Georgia Firefighters' Pension Fund upon death from $5,000 to $10,000.
HB 0196 NeutralPublic Retirement Systems - Board Member Training Tommy Benton
7/1/2019 Effective Date Retirement Retirement -
2019/03/01 Report 2019/03/08 Report 2019/03/22 Report General County Government Larry Ramsey
Retirement
This bill would require specific minimum training for board members of public retirement systems. 
HB 0245 NeutralAllow Surviving Spouse to Retain Peace Officer Annuity Fund (POAB) if Remarried Debbie Buckner
7/1/2020 Effective Date Retirement Retirement -
Debra Nesbit Public Safety and Courts Retirement
Currently surviving spouses who receive POAB benefits from a deceased spouse must relinquish all benefits when remarried.  This legislation provides for the retention of benefits for surviving spouses without regard to their future marital status.
HB 0830 NeutralPublic Retirement Systems - Permissible Investments Tommy Benton
3/4/2020 Senate Read and Referred Retirement Retirement -
General County Government Larry Ramsey Retirement
This bill would increase, from 5% to 10%, the amount of assets that may be invested in certain alternative investments for large public retirement plans.
SB 0117 NeutralPublic Retirement Systems - Require Payment of Full Actuarial Cost of Creditable Service Benefits Ellis Black
2/3/2020 Senate Agreed House Amend or Sub As Amended Retirement Retirement -
2019/03/08 Report General County Government Larry Ramsey Retirement
This bill would prohibit the adoption of any retirement system rule or ordinance that provides for any creditable service unless the participant pays the full actuarial cost of providing that benefit.
SB 0174 NeutralPublic Retirement Systems - Retirees with Criminal Convictions Ellis Black
2/25/2019 Senate Read and Referred -Retirement -
Larry Ramsey
Under current law, the benefits of public employees employed in 1985 or later may be reduced if he/she is convicted of certain public crimes (such as fraud) to reimburse the defrauded party. All benefit payments are completely withheld until that debt is fully reimbursed. Under this bill, retirement plans would have the option of withholding a percentage of monthly benefits until that debt is fully repaid.
SB 0248 EvaluatingGeorgia Firefighters' Pension Fund; monthly dues, tax on premiums and maximum monthly benefit amount payable; increase John Albers
3/10/2020 House Second Readers Retirement Retirement -
2020/03/13 Report Debra Nesbit Fire Services Public Safety and Courts
SB 0249 SupportPeace Officers' Annuity and Benefit Fund Increase Monthly Dues and Amount Collected from Fines John Albers
8/3/2020 Act 551 Retirement Retirement -
2020/02/28 Report 2020/03/06 Report 2020/03/13 Report 2020/06/19 Report Debra Nesbit
Law Enforcement Public Safety and Courts

This legislation adds jailers to those in law enforcement eligible to receive benefits from the Peace Officers' Annuity and Benefit Fund (POAB); increases the monthly contribution from members from $20 to $25 per month; increases the amount of benefit from $17.50 per month per years of service to $25.15 per month per years of service, and then to $30 per month per year of service effective january 1, 2021.

The legislation also increases the fine add on to 10% or $10 per bond forfeiture or fine, whichever is greater and provides for an add on for 5% or $5.00 whichever is greater to any pre-trial fee collected. 

Green background on status indicates a bill has been acted on the last recorded legislative day.








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