Today (Tuesday) was a committee workday at the Capitol where there were a few meetings held. The main event was the House Retirement Committee which held hearings and votes on a few bills impacting the retirement regulations and statutes. SB 117 requires that anyone eligible to purchase (buy-in) into the retirement systems in Georgia will have to buy-in at the full actuarial value not the previous allowed less than the actuarial value. This bill fixes that loophole according to Senator Ellis Black the sponsor of the bill. It passed the committee and now onto the rules committee for consideration.
SB 55 is an ERS retirement bill that allows the ability for money to be annuitized. This was previously not permitted. It passed the committee and moves to rules.
SB 176 Return to work for 49% ERS employers and employees. Passed the committee onto the rules committee.
SB 175 Return to work 49% TRS employer and employees. This bill was tabled due to the concerns and suggested amendments and possible changes. There is a commitment to exempt RESAs from this bill maybe some other changes that will be rolled out next Tuesday, in the next House Retirement Committee scheduled meeting.
Legislative day 31 is Wednesday, March 13, 2019.
Senate Education Committee will hear the following bills Wednesday, March 13, 2019, at 2pm. HB 83 is the recess bill that has been hanging around for a couple of years. This bill reaches into the classroom to regulate recess. If you object to this bill, please contact your Senator.
- HB 59 (Rep. Belton, 112th) LC 33 7557: Education; military students enroll in public school based on official military orders prior to physically establishing residency; allow; Hearing and Vote
- HB 83 (Rep. Douglas, 78th) LC 33 7878S: Quality Basic Education Act; recess for students in kindergarten and grades one through five; provide; Hearing Only
- HB 69(Rep. Carson, 46th) LC 33 7585: Education; prohibit certain entities from being student scholarship organizations; Hearing only
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