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GA SB23
Bill
Status
2/10/2025
Primary Sponsor
John Albers
Click for details
AI Summary
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Removes the 5% cap on alternative investments for the Employees' Retirement System of Georgia, allowing it to invest up to the general 10% limit that applies to eligible large retirement systems
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Maintains existing alternative investment limits for other retirement systems: 15% for Georgia Firefighters' Pension Fund, 15% for Peace Officers' Annuity and Benefit Fund, and 5% for Teachers Retirement System of Georgia
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Amends Code Section 47-20-87 of the Public Retirement Systems Investment Authority Law
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Passed the Georgia Senate in the 2025 legislative session
Legislative Description
Retirement; total percentage of funds that the Employees' Retirement System of Georgia may invest in alternative investments; raise the limit
Last Action
House Withdrawn, Recommitted
4/4/2025