SB 157 — Retirement; certain members or former members of the General Assembly to buy into the Georgia Legislative Retirement System; provide
House Second Readers
A BILL to be entitled an Act to amend Code Section 47-6-40 of the Official Code of Georgia Annotated, relating to qualifications for membership, irrevocable election for certain members of General Assembly, membership of persons who cease to become members before age 60, termination of membership, and application for additional creditable service, so as to provide for certain members or former members of the General Assembly to buy into the Georgia Legislative Retirement System; to provide for creditable service and the payment of the full actuarial value of such; to provide conditions for an effective date and automatic repeal; to provide for related matters; to repeal conflicting laws; and for other purposes.
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