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GA SB240
Bill
Status
Engrossed
3/6/2023
Primary Sponsor
Larry Walker
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AI Summary
- Requires all Georgia political subdivisions to extend Title II Social Security Act (old-age, survivors, and disability insurance) coverage to their employees who are members of the Public School Employees Retirement System (PSERS)
- Directs the state agency to identify by September 1, 2023, every political subdivision that does not provide Social Security coverage to its PSERS-member employees and report their names and affected employee counts to the House Retirement Committee and Senate Committee on Retirement
- Mandates that by January 1, 2024, each non-compliant political subdivision amend its plan to provide Social Security coverage for all current and future PSERS-member employees
- Prohibits the state agency from approving any political subdivision's plan on or after September 1, 2023, if it does not extend Social Security coverage to PSERS-member employees
- Amends Chapter 18 of Title 47 of the Official Code of Georgia Annotated, which governs social security coverage for state and political subdivision employees
Legislative Description
Retirement and Pensions; the minimum and maximum allowable benefit multiplier for current and future retirees; revise
Last Action
Senate Conference Report Lost
3/28/2024
Committee Referrals
Retirement3/7/2023
Retirement2/27/2023
Full Bill Text
No bill text available