Georgia House of Representatives - 1995/1996 Sessions

HB 849 - Employees' Retirement; certain spousal benefits

Page Numbers - 1/ 2

1. Cummings  27th


House Comm: Ret        /                Senate Comm:            /                                   
House Vote: Yeas       Nays             Senate Vote: Yeas     Nays                                  
              ----------------------------------------                                              
               House          Action         Senate                                                 
              ----------------------------------------                                              
              2/27/95  Read 1st Time                                                                
              2/28/95  Read 2nd Time                                                                
              ----------------------------------------                                              
                                                                                                    
Code Sections amended:                                                                              


HB 849                                            LC 21 2926






                        A BILL TO BE ENTITLED
                               AN ACT


  1- 1  To amend Code Section 47-2-121 of the Official Code of
  1- 2  Georgia Annotated, relating to optional retirement benefits
  1- 3  under the Employees' Retirement System of Georgia, so as to
  1- 4  provide that a member who is unmarried at the time of
  1- 5  retirement and who subsequently marries may establish
  1- 6  spouse's benefits for his or her spouse; to provide
  1- 7  conditions for an effective date and automatic repeal; to
  1- 8  repeal conflicting laws; and for other purposes.

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

                         SECTION 1.

  1-10  Code Section 47-2-121 of the Official Code of Georgia
  1-11  Annotated, relating to optional retirement benefits under
  1-12  the Employees' Retirement System of Georgia, is amended by
  1-13  inserting immediately following subsection (e.2) a new
  1-14  subsection to read as follows:

  1-15      "(e.3)(1) As used in this subsection, the term 'retired
  1-16      member' means a person retired under this chapter who
  1-17      was unmarried at the time of his or her retirement and
  1-18      who, upon retirement, elected retirement option one.

  1-19      (2) In the event a retired member marries subsequent to
  1-20      his or her retirement, the retired member may elect to
  1-21      begin receiving an actuarially reduced benefit of
  1-22      equivalent value and establish on behalf of the spouse
  1-23      option two or three.

  1-24      (3) This subsection applies to retired members who
  1-25      retired at any time prior to July 1, 1996, as well as to
  1-26      those who retire on or after that date."

                         SECTION 2.

  1-27  This Act shall become effective on July 1, 1996, only if it
  1-28  is determined to have been concurrently funded as provided
  1-29  in Chapter 20 of Title 47 of the Official Code of Georgia
  1-30  Annotated, the "Public Retirement Systems Standards Law";
  1-31  otherwise, this Act shall not become effective and shall be


                                 -1- (Index)

                                                  LC 21 2926

  2- 1  automatically repealed in its entirety on July 1, 1996, as
  2- 2  required by subsection (a) of Code Section 47-20-50.

                         SECTION 3.

  2- 3  All laws and parts of laws in conflict with this Act are
  2- 4  repealed.










































                                 -2- (Index)