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GA HB472
Bill
Status
Engrossed
2/21/2024
Primary Sponsor
Clint Crowe
Click for details
AI Summary
- Expands eligibility for enhanced line-of-duty disability benefits under the Employees' Retirement System of Georgia to sworn law enforcement officers, the commissioner, and deputy commissioner serving in the Motor Carrier Compliance Division and the Capitol Police Division of the Department of Public Safety, effective on or after July 1, 2024
- Eligible members permanently disabled by an act of external violence or injury in the line of duty may receive a monthly allowance not exceeding 80% of the service allowance based on 30 years of creditable service at age 65, regardless of actual length of service
- Disabled members also receive a monthly supplemental benefit of $5.00 per year of creditable service, capped at $150.00 per month
- As an alternative, disabled members may elect a minimum monthly disability retirement benefit equal to 2% of monthly earnable compensation for each year of creditable service calculated as if they had served until mandatory retirement age
- The Act becomes effective July 1, 2024, only if concurrently funded as required by the Public Retirement Systems Standards Law; otherwise, it is automatically repealed in its entirety on that date
Legislative Description
Employees' Retirement System of Georgia; allow certain sworn law enforcement officers to be eligible for retirement benefits at age 55; provisions
Last Action
Senate Read Second Time
3/11/2024
Committee Referrals
Retirement2/22/2024
Retirement2/21/2023
Full Bill Text
No bill text available