Loading chat...
GA HB924
Bill
Status
4/4/2025
Primary Sponsor
Lehman Franklin
Click for details
AI Summary
-
Increases the monthly retirement allowance for Georgia legislators from $28.00 to $50.00 per year of creditable service, matching the benefit level established for legislators serving on or after January 1, 2022
-
Adds $200.00 per year of presiding creditable service to the retirement calculation for all retired legislators, extending a benefit previously only available to post-2022 members
-
Eliminates the two-tier benefit structure that paid different retirement amounts based on whether legislators were serving before or after January 1, 2022
-
Applies the increased benefits to both former legislators not yet retired and those currently receiving retirement payments
-
Effective date is July 1, 2026, contingent on concurrent funding certification under the Public Retirement Systems Standards Law; automatically repeals if funding requirements are not met
Legislative Description
Legislative Retirement System; match benefit amounts payable to former and current retired legislators to benefits payable to legislators who were in office on or after January 1, 2022
Last Action
House Second Readers
1/12/2026