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GA SB176
Bill
Status
Passed
7/29/2020
Primary Sponsor
Ellis Black
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AI Summary
- Requires public employers that hire retired members of the Employees' Retirement System of Georgia—whether directly or indirectly through contract—to pay both employer and employee contributions to the retirement system on behalf of those retired members
- Suspends a retired member's retirement allowance upon reemployment, unless the member has attained normal retirement age or works no more than 1,040 hours per calendar year after a two-consecutive-calendar-month break in service
- Exempts independent contractor arrangements from the contribution requirement and allowance suspension if the employing agency certifies the contracting entity has multiple employees, multiple contracts not limited to public employers, and the contract was not created to circumvent retirement rules
- Requires employers to notify the board of trustees within 30 days of hiring a retired plan member, including expected annual hours; employers that fail to report are liable to reimburse the retirement system for any benefits wrongfully paid
- Moves reemployment-after-retirement provisions from Code Section 47-2-110 into a new Code Section 47-2-112 and updates corresponding cross-references in statutes governing community service boards and state court judges and solicitors
Legislative Description
Employees' Retirement System of Georgia; certain public employers; make employer and employee contribution on behalf of retired members; require
Last Action
Effective Date
1/1/2021
Full Bill Text
No bill text available