Georgia House of Representatives - 1995/1996 Sessions

HB 459 - Teachers Retirement; trustees; change terms

Page Numbers - 1/ 2/ 3

1. Cummings  27th


House Comm: Ret        /                Senate Comm:            /               
House Vote: Yeas       Nays             Senate Vote: Yeas     Nays              
              ----------------------------------------                          
               House          Action         Senate                             
              ----------------------------------------                          
              1/27/95  Read 1st Time                                            
              1/30/95  Read 2nd Time                                            
              2/1/95   Unfavorably Reported                                     
              ----------------------------------------                          
                                                                                
Code Sections amended: 47-3-21                                                  


HB 459                                            LC 21 3016






                        A BILL TO BE ENTITLED
                               AN ACT


  1- 1  To amend Code Section 47-3-21 of the Official Code of
  1- 2  Georgia Annotated, relating to the creation and membership
  1- 3  of the board of trustees of the Teachers Retirement System
  1- 4  of Georgia, so as to change the terms of such trustees from
  1- 5  three to six years; to provide for currently serving
  1- 6  trustees; to repeal conflicting laws; and for other
  1- 7  purposes.

  1- 8       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

                         SECTION 1.

  1- 9  Code Section 47-3-21 of the Official Code of Georgia
  1-10  Annotated, relating to the creation and membership of the
  1-11  board of trustees of the Teachers Retirement System of
  1-12  Georgia, is amended by striking in its entirety subsection
  1-13  (a) and inserting in lieu thereof the following:

  1-14    "(a) There is created a board of trustees which shall
  1-15    consist of ten trustees as follows:

  1-16      (1) The state auditor, ex officio;

  1-17      (2) One member who shall be an active member of the
  1-18      Teachers Retirement System of Georgia who is a classroom
  1-19      teacher and is not an employee of the Board of Regents
  1-20      of the University System of Georgia.  The member serving
  1-21      in this position on July 1, 1995, shall continue to
  1-22      serve until June 30, 1997.  Thereafter, such Such member
  1-23      shall be appointed by the Governor for a term of three
  1-24      six years with the initial term beginning April 1, 1991
  1-25      July 1, 1997.  In making the appointment, the Governor
  1-26      may consider, but not be limited to, nominations
  1-27      furnished him or her by the nominating committee
  1-28      provided for by subsection (g) of this Code section;

  1-29      (3) The director of the Office of Treasury and Fiscal
  1-30      Services, ex officio;

  1-31      (4) One member who shall be an active member of the
  1-32      Teachers Retirement System of Georgia who is a classroom


                                 -1- (Index)

                                                  LC 21 3016

  2- 1      teacher and not an employee of the Board of Regents of
  2- 2      the University System of Georgia.  The member serving in
  2- 3      this position on July 1, 1995, shall serve until June
  2- 4      30, 1996.  Thereafter, such  Such member shall be
  2- 5      appointed by the Governor for a term of three six years
  2- 6      with the initial term beginning July 1, 1984 1996.  In
  2- 7      making the appointment the Governor may consider, but
  2- 8      not be limited to, nominations furnished him or her by
  2- 9      the nominating committee provided for by subsection (g)
  2-10      of this Code section;

  2-11      (5) One member who shall be an active member of the
  2-12      Teachers Retirement System of Georgia who is a school
  2-13      administrator and not an employee of the Board of
  2-14      Regents of the University System of Georgia.  Such
  2-15      member shall be appointed by the Governor for a term of
  2-16      three six years with the initial term beginning July 1,
  2-17      1986 1995.  In making the appointment the Governor may
  2-18      consider, but not be limited to, nominations furnished
  2-19      him or her by the nominating committee provided for by
  2-20      subsection (g) of this Code section. The trustee
  2-21      occupying the 'school administrator' position on the
  2-22      board of trustees on July 1, 1984, and a prior
  2-23      appointment by the Governor shall continue to serve in
  2-24      this position from July 1, 1984, until July 1, 1986;

  2-25      (6) One member who shall be an active member of the
  2-26      Teachers Retirement System of Georgia who is not an
  2-27      employee of the Board of Regents of the University
  2-28      System of Georgia.  The member serving in this position
  2-29      shall continue to serve until June 30, 1998.
  2-30      Thereafter, such Such member shall be appointed by the
  2-31      Governor for a term of three six years with the initial
  2-32      term beginning July 1, 1985 1998.  In making the
  2-33      appointment the Governor may consider, but not be
  2-34      limited to, nominations furnished him or her by the
  2-35      nominating committee provided for by subsection (g) of
  2-36      this Code section.  Prior to July 1, 1984, the trustees
  2-37      holding office under immediately preceding law and prior
  2-38      appointments by the Governor shall elect a person to
  2-39      occupy this position on the board of trustees from July
  2-40      1, 1984, until July 1, 1985;

  2-41      (7) One member who shall be an active member of the
  2-42      Teachers Retirement System of Georgia who is an employee
  2-43      of the Board of Regents of the University System of
  2-44      Georgia and who shall be appointed by the board of



                                 -2- (Index)

                                                  LC 21 3016

  3- 1      regents for a term of three six years with the initial
  3- 2      term beginning July 1, 1985 1999.  The trustee occupying
  3- 3      the 'employee of the board of regents' position on the
  3- 4      board of trustees on July 1, 1984 1995, and a prior
  3- 5      appointment by the board of regents shall continue to
  3- 6      serve in this position from July 1, 1984, until July 1,
  3- 7      1985 1999;

  3- 8      (8) One member to be appointed by the Governor for a
  3- 9      term of three six years with the initial term beginning
  3-10      July 1, 1984 2000.  The member serving in this position
  3-11      on July 1, 1995, shall continue to serve until June 30,
  3-12      2000;

  3-13      (9) One member who has retired under the Teachers
  3-14      Retirement System of Georgia and who shall be elected by
  3-15      the remaining trustees for a term of three six years
  3-16      with the initial term beginning July 1, 1985 1997.  The
  3-17      trustee occupying the 'retired teacher' position on the
  3-18      board of trustees on July 1, 1984 1995, and a prior
  3-19      appointment by the Governor shall continue to serve in
  3-20      this position from July 1, 1984, until July 1, 1985 June30, 1997; and

  3-22      (10) The tenth trustee shall be a citizen of Georgia,
  3-23      not a member of the Teachers Retirement System of
  3-24      Georgia, who shall be experienced in the investment of
  3-25      moneys and who shall be elected by the remaining
  3-26      trustees for a term of three six years with the initial
  3-27      term beginning July 1, 1984 1996.  The member serving in
  3-28      this position on July 1, 1995, shall continue to serve
  3-29      until June 30, 1996."

                         SECTION 2.

  3-30  All laws and parts of laws in conflict with this Act are
  3-31  repealed.














                                 -3- (Index)