HB 870 - Teachers Retirement System; Board of Regents; employees participation; provisions

Sponsored By

• (1) Powell,Alan 29th

Committees

• HC:Ret
• SC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Title 47 of the Official Code of Georgia Annotated, relating to retirement and pensions, so as to change the definition of employees of the Board of Regents of the University System of Georgia who may opt not to participate in the Teachers Retirement System of Georgia; to provide that certain persons who elected to participate in the Regents Retirement Plan in lieu of the Teachers Retirement System of Georgia may revoke such election; to provide for application and payment of funds; to increase the employer contribution to the members' accounts in the Regents Retirement Plan; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Status History

Versions

1. LC 21 9531/a