GA HB891

Employee contribution rates increase from 1.25% to 3% of earnable compensation for service on or after July 1, 2026, with the board of trustees authorized to set rates between 3% and 4%

Retirement benefit multiplier increases from 1% to 1.5% of highest average monthly compensation for each year of creditable service earned on or after July 1, 2026

Service earned before July 1, 2026 remains at the existing 1% multiplier; benefits calculated using highest average compensation over 24 consecutive calendar months

Salary increases exceeding 5% during the final 12 months of employment are excluded from benefit calculations for members employed on or after July 1, 2009

Effective date of July 1, 2026 is contingent on concurrent funding under the Public Retirement Systems Standards Law; automatic repeal occurs if funding requirements are not met