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HB 656 — Teachers Retirement System; survivor's benefits; provisions

House Date Signed by Governor

A BILL to be entitled an Act to amend Code Section 47-3-121, relating to optional retirement allowances under the Teachers Retirement System of Georgia, election of such options, and revocation of election, so as to provide that a member who upon retirement elects survivor´s benefits for a spouse and another may, in the event of divorce, revoke such election as to the spouse; to provide that the member may elect to reallocate the spouse´s share amount among the other beneficiaries or such beneficiaries shall continue to be entitled to the same benefit; to provide for a recalculation of the member´s benefit; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

House Date Signed by Governor

Legislative term
Georgia General Assembly 2007-2008
Session
2007-2008 Regular Session
Chamber or committee
Georgia House of Representatives
Measure type
Bill
Introduced
Mar 1, 2007

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Votes on this bill (1)

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