Georgia House of Representatives - 1995/1996 Sessions

HB 73 - Public School Emp Retirement; retire after 30 years' service

Page Numbers - 1/ 2

1. Childers  13th


House Comm: Ret        /                Senate Comm:            /                                   
House Vote: Yeas       Nays             Senate Vote: Yeas     Nays                                  
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               House          Action         Senate                                                 
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              1/9/95   Read 1st Time                                                                
              1/10/95  Read 2nd Time                                                                
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Rules Suspended to Introduce                                                                        
                                                                                                    
Code Sections amended: 47-4-100                                                                     


HB 73                                             LC 21 2893






                        A BILL TO BE ENTITLED
                               AN ACT


  1- 1  To amend Code Section 47-4-100 of the Official Code of
  1- 2  Georgia Annotated, relating to normal, early, and delayed
  1- 3  retirement under the Public School Employees Retirement
  1- 4  System, so as to provide that a member of such retirement
  1- 5  system may retire upon obtaining 30 years of service without
  1- 6  regard to age; to provide for an effective date and
  1- 7  automatic repeal; to repeal conflicting laws; and for other
  1- 8  purposes.

  1- 9       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

                         SECTION 1.

  1-10  Code Section 47-4-100 of the Official Code of Georgia
  1-11  Annotated, relating to normal, early, and delayed retirement
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  1-13  amended by striking in its entirety subsection (a) and
  1-14  inserting in lieu thereof the following:

  1-15    "(a) The normal retirement date of a member shall be the
  1-16    first day of the month coinciding with or next following
  1-17    the date he or she obtains 30 years of creditable service
  1-18    or the date he or she reaches the age of 65, whichever
  1-19    date is earlier; provided, however, except that the normal
  1-20    retirement date of a member who is age 64 or over on
  1-21    January 1, 1970, shall be January 1, 1971. A member shall
  1-22    retire on his or her normal retirement date except as
  1-23    otherwise provided in subsections (b) through (e) of this
  1-24    Code section."

                         SECTION 2.

  1-25  This Act shall become effective on July 1, 1996, only if it
  1-26  is determined to have been concurrently funded as provided
  1-27  in Chapter 20 of Title 47 of the Official Code of Georgia
  1-28  Annotated, the "Public Retirement Systems Standards Law";
  1-29  otherwise, this Act shall not become effective and shall be
  1-30  automatically repealed in its entirety on July 1, 1996, as
  1-31  required by subsection (a) of Code Section 47-20-50.



                                 -1- (Index)

                                                  LC 21 2893

                         SECTION 3.

  2- 1  All laws and parts of laws in conflict with this Act are
  2- 2  repealed.













































                                 -2- (Index)