09 LC
21 0470
House
Bill 832
By:
Representative Sims of the
169th
A
BILL TO BE ENTITLED
AN ACT
To
amend Article 5 of Chapter 3 of Title 47 of the Official Code of Georgia
Annotated, relating to service creditable under the Teachers Retirement System
of Georgia, so as to provide for creditable service for prior service as a
member of the Trial Judges and Solicitors Retirement Fund; to provide for the
payment of an employee contribution; to provide for application; to provide for
related matters; 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 3 of Title 47 of the Official Code of Georgia Annotated, relating
to service creditable under the Teachers Retirement System of Georgia, is
amended by adding a new Code section to read as follows:
"47-3-96.
Any
member of the retirement system shall be entitled to receive up to ten years of
creditable service for prior service as a member of the Trial Judges and
Solicitors Retirement Fund as such retirement fund existed prior to July 1,
1998. A member desiring to establish credit for such service shall pay employee
contributions which would have been paid to the retirement system on a salary
comparable to his or her salary at the time of application, plus regular
interest thereon, in accordance with regulations adopted by the board of
trustees. No member who receives or who is entitled to receive a pension or
annuity from any other public retirement system, excluding social security,
based upon such prior service shall receive creditable service for such service.
Any member desiring to obtain creditable service pursuant to the provisions of
this Code section shall make application to the board of trustees and pay all
amounts required not later than December 31, 2010, and provide such proof of
prior employment as the board deems appropriate. The board of trustees shall
promulgate rules and regulations necessary to carry out the provisions of this
Code section."
SECTION
2.
This
Act shall become effective on July 1, 2010, 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repealed in its entirety on July 1, 2010, as required by subsection (a) of Code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.