GA SB339

Establishes semiannual postretirement benefit adjustments of 1.5% for all Employees' Retirement System of Georgia beneficiaries, beginning July 1, 2026, and every six months thereafter

Members who joined the retirement system on or after July 1, 2009, become eligible for postretirement benefit adjustments granted on or after July 1, 2026, though they remain ineligible for adjustments granted before that date

Governor may suspend the next two scheduled adjustments by executive order if state revenue falls 3% or more below estimates for the most recent fiscal year, or if revenue declines for three consecutive months

Executive order suspensions cannot occur in more than two consecutive calendar years or more than three times in any ten-year period, and the General Assembly may revoke, revise, or extend such orders within one year

Effective date of July 1, 2026, is contingent on concurrent funding as required by the Public Retirement Systems Standards Law; the Act automatically repeals if not properly funded