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GA HB663
Bill
Status
Passed
6/29/2020
Primary Sponsor
Chuck Efstration
Click for details
AI Summary
- Full-time judges of Georgia's state-wide business court become mandatory members of the Georgia Judicial Retirement System effective July 1, 2020
- Judges who joined on July 1, 2020, may receive creditable service for the period January 1, 2020, through June 30, 2020, by paying the employee contributions they would have owed during that period within one year
- Members may transfer creditable service from the Employees' Retirement System of Georgia within one year of obtaining membership, provided they pay the remaining full actuarial cost of the transfer
- All other (non-judge) employees of the state-wide business court are covered under Code Section 47-2-70.1 provisions for new state agencies
- The Act's effectiveness is contingent on concurrent funding as required by the Public Retirement Systems Standards Law; otherwise, it automatically repeals on July 1, 2020
Legislative Description
Georgia Judicial Retirement System; membership for certain persons employed in certain full time positions requiring admission to the State Bar of Georgia as a condition of employment; require
Last Action
Effective Date
7/1/2020
Full Bill Text
No bill text available