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GA SR807
Resolution
Status
Introduced
3/18/2024
Primary Sponsor
Chuck Hufstetler
Click for details
AI Summary
- Creates the Senate Peach State Saves Program Study Committee to examine retirement savings access for Georgia's private sector workforce, noting that 60% of Georgia households lack retirement savings accounts and an estimated 2.1 million workers have no access to employer-sponsored retirement plans
- Committee composed of seven Senate members appointed by the President of the Senate, who also designates the chairperson
- Committee charged with studying conditions, needs, and issues related to retirement savings and recommending any necessary action or legislation, with a focus on facilitating IRAs and encouraging employer-sponsored plans, particularly for moderate- and lower-income households
- Members may receive allowances per Code Section 28-1-8 for up to five days, funded from Senate appropriations
- Committee must file any approved report with the Secretary of the Senate prior to its abolishment date of December 1, 2024
Legislative Description
Senate Peach State Saves Program Study Committee; create
Last Action
Senate Read and Referred
3/20/2024
Committee Referrals
Rules3/20/2024
Full Bill Text
No bill text available