SB 328 — Georgia State Employee Savings Plan; deferred compensation plan; employer contribution; provide rules/regulations

A BILL to be entitled an Act to amend Chapter 2 of Title 47 of the Official Code of Georgia Annotated, relating to the Employees´ Retirement System of Georgia, so as to provide a short title; to provide that persons who first or again become a member of such retirement system on or after July 1, 2008, shall have accounts in the state deferred compensation plan; to provide for an employer contribution; to provide for rules and regulations; to reduce the percent of a member´s compensation used to calculate a retirement benefit from 2 percent to 1 percent; to provide for applicability; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Senate Date Signed by Governor

Legislative term

Georgia General Assembly 2007-2008

Session

2007-2008 Regular Session

Chamber or committee

Georgia Senate

Measure type

Bill

Introduced

Apr 13, 2007