Bill Text: GA HB424 | 2011-2012 | Regular Session | Introduced


Bill Title: Superior Court Clerks' Retirement Fund; death benefit for members; provide

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Engrossed - Dead) 2012-03-19 - Senate Read Second Time [HB424 Detail]

Download: Georgia-2011-HB424-Introduced.html
11 LC 21 1119
House Bill 424
By: Representatives Weldon of the 3rd, Maxwell of the 17th, Meadows of the 5th, Benton of the 31st, Brooks of the 63rd, and others

A BILL TO BE ENTITLED
AN ACT


To amend Article 5 of Chapter 14 of Title 47 of the Official Code of Georgia Annotated, relating to retirement benefits, disability benefits, and spouses' benefits under the Superior Court Clerks' Retirement Fund, so as to provide for a death benefit for active and retired members; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.
Article 5 of Chapter 14 of Title 47 of the Official Code of Georgia Annotated, relating to retirement benefits, disability benefits, and spouses' benefits under the Superior Court Clerks' Retirement Fund, is amended by revising Code Section 47-14-79, relating to death benefit paid to the designated beneficiary of a member who dies in service, as follows:
"47-14-79.
A death benefit in the amount of $5,000.00 shall be paid to the designated beneficiary of any active or retired member who dies in service. In the absence of a designated beneficiary, such amount shall be paid to the deceased member's estate. For members eligible for a surviving spouse's benefit, such amount shall be in addition to the benefit provided pursuant to Code Section 47-14-72."

SECTION 2.
This Act shall become effective on July 1, 2012, only if it is determined to have been concurrently funded as provided in Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Standards Law"; otherwise, this Act shall not become effective and shall be automatically repealed in its entirety on July 1, 2012, as required by subsection (a) of Code Section 47-20-50.

SECTION 3.
All laws and parts of laws in conflict with this Act are repealed.
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