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GA SB293
Bill
Status
Engrossed
2/26/2018
Primary Sponsor
Ellis Black
Click for details
AI Summary
- Requires public employers that directly or indirectly remunerate a Teachers Retirement System (TRS) beneficiary who is not a contributing member to pay both employer and employee contribution rates on the beneficiary's remuneration to the retirement system
- Allows retired TRS beneficiaries to return to work as part-time hourly classroom aides or substitute teachers without reinstating membership or losing retirement benefits, but such service does not count as creditable service
- Requires beneficiaries to notify employers of their retirement status before accepting employment, and employers must notify the TRS board of trustees within 30 days of hiring a beneficiary with details on name, salary, and hours
- Authorizes the state to deduct unpaid employer contributions or reimbursements from any state funds payable to the employer, including funds from the Department of Education and the Board of Regents
- Effective date of July 1, 2018, contingent on concurrent funding as required by the Public Retirement Systems Standards Law; automatically repealed in its entirety on that date if not funded
Legislative Description
Retirement; employment of beneficiaries of the Teachers Retirement System of Georgia; repeal existing provisions
Last Action
House Second Readers
3/1/2018
Full Bill Text
No bill text available