GA HB1347

Large retirement systems (excluding the Employees' Retirement System of Georgia and Teachers Retirement System of Georgia) gain new authority to invest up to 10 percent of total fund assets in real estate

The general cap on alternative investments for eligible large retirement systems increases from 10 percent to 15 percent of assets

Georgia Firefighters' Pension Fund maintains a higher alternative investment cap of 20 percent, while Peace Officers' Annuity and Benefit Fund is capped at 15 percent

Teachers Retirement System of Georgia remains limited to 5 percent in alternative investments; Employees' Retirement System of Georgia remains limited to 10 percent

Funds may retain existing real estate investments even if asset values decline below the percentage thresholds