Loading chat...
GA HB78
Bill
Status
5/1/2025
Primary Sponsor
Lehman Franklin
Click for details
AI Summary
-
Raises the Georgia Firefighters' Pension Fund's alternative investment limit from 15% to 20% of total assets
-
Removes the 5% alternative investment cap previously applied to the Employees' Retirement System of Georgia, allowing it to invest up to the standard 10% limit for eligible large retirement systems
-
Maintains the 15% alternative investment limit for the Peace Officers' Annuity and Benefit Fund
-
Maintains the 5% alternative investment limit for the Teachers Retirement System of Georgia
-
Amends the Public Retirement Systems Investment Authority Law under Title 47, Chapter 20 of the Official Code of Georgia
Legislative Description
Employees' Retirement System of Georgia; total percentage of funds invested in alternative investments; raise limit
Last Action
Effective Date 2025-07-01
5/1/2025