SB 47 - School Districts; agree to assist employees in qualified investment plan;define certain terms; provide for certain offenses/penalties

Sponsored By

• (1) Seabaugh,Mitch 28th
• (2) Stoner,Doug 6th
• (3) Murphy,Jack 27th
• (4) Schaefer,Nancy 50th
• (5) Tate,Horacena 38th

Committees

• SC:RET
• HC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to elementary and secondary education, so as to provide that school districts may agree to assist employees in investing in certain qualified retirement plans; to define certain terms; to provide that a school district may agree to deposit a portion of an employee's salary into a qualified investment plan; to provide certain requirements for companies eligible to offer such plans; to provide that the Teachers Retirement System of Georgia shall administer such program; to provide for certain offenses and penalties; to provide for notice; to provide for related matters; to repeal conflicting laws; and for other purposes.

Status History

Versions

1. As introduced LC 21 9146