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GA SB243
Bill
AI Summary
- Restores eligibility for membership in the Georgia Judicial Retirement System for certain persons employed in full-time positions requiring admission to the State Bar of Georgia (under Code Section 28-4-3) who were previously eligible under prior law
- Allows eligible persons to make an irrevocable election to join the Judicial Retirement System by notifying the board no later than December 31, 2016, or within 90 days of becoming employed, whichever is later
- Requires the Employees' Retirement System of Georgia to transfer all employer and employee contributions, plus regular interest, to the Judicial Retirement System for members who elect to switch; creditable service is limited to actual years of service in the Employees' Retirement System
- Preserves membership for any person who was already a member of the Judicial Retirement System as of June 30, 2016, and employed in a qualifying full-time State Bar-required position
- Effective date of July 1, 2016, is contingent on concurrent funding as required by the Public Retirement Systems Standards Law; the Act automatically repeals if not funded
Legislative Description
Georgia Judicial Retirement System; preservation of rights by certain persons; change certain provisions
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available