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GA HB486
Bill
Status
Passed
5/24/2010
Primary Sponsor
Tommy Benton
Click for details
AI Summary
- Clerks who first become members of the Superior Court Clerks' Retirement Fund of Georgia on or after July 1, 2010, are no longer entitled to receive retirement credit for prior service as a deputy clerk
- An exception allows a chief deputy clerk serving as of July 1, 2010, who became clerk of the same court without a break in service, to purchase creditable service by paying the full actuarial cost within six months of becoming clerk
- Establishes a $5,000 death benefit payable to the designated beneficiary (or estate, if none) of any member who dies while in active service, in addition to any surviving spouse's benefit
- The Act's effective date of July 1, 2010, is contingent on concurrent funding as required by the Public Retirement Systems Standards Law; if not funded, the Act is automatically repealed in its entirety on that same date
Legislative Description
Superior Court Clerks' Retirement Fund of Georgia; not entitled credit for service after July 1, 2010; provisions
Last Action
Effective Date
7/1/2010
Committee Referrals
Retirement2/5/2010
Retirement2/18/2009
Full Bill Text
No bill text available