GA HB295 | 2011-2012 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Engrossed on January 24 2012 - 50% progression, died in chamber
Action: 2012-02-23 - Senate Read Second Time
Text: Latest bill text (Introduced) [HTML]

Summary

A BILL to be entitled an Act to amend Title 47 of the Official Code of Georgia Annotated, relating to retirement and pensions, so as to provide a method of calculating accrued benefits for persons subject to the Georgia State Employees Pension and Savings Plan who transfer between the Employees' Retirement System of Georgia and the Teachers Retirement System of Georgia; to provide for the transfer of the accrued benefit amount and the present value of the accrued benefit; to provide that the present value shall be based on methods and assumptions of the transferring system; to provide for the recalculation of benefits; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Tracking Information

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Title

Georgia State Employees Pension and Savings Plan; transfer of accrued benefit; provide

Sponsors


Roll Calls

2012-01-24 - House - House Vote #434 - Passage (Y: 167 N: 0 NV: 8 Abs: 5) [PASS]

History

DateChamberAction
2012-02-23 Senate Read Second Time
2012-02-22 Senate Committee Favorably Reported
2012-01-25 Senate Read and Referred
2012-01-24 House Passed/Adopted
2012-01-24 House Third Readers
2012-01-12 House Committee Favorably Reported
2011-02-23 House Second Readers
2011-02-22 House First Readers

Georgia State Sources


Bill Comments

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