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Committee opens study on multiple legislative‑retirement proposals, including equalization and benefit increases
Summary
Lawmakers voted to study several bills affecting the Legislative Retirement System and related plans, including proposals to equalize benefits for earlier retirees, increase monthly multipliers for future retirees, and ease transfer of service credit between retirement systems.
A House committee agreed to study multiple bills that would change benefits and contributions across several state retirement plans used by legislators, judges and certain public employees.
The measures considered together included a proposal to make retirement benefits equal for all legislative retirees regardless of whether they retired before or after Jan. 1, 2022 (House Bill 924); proposals to raise the monthly multiplier used to calculate legislative benefits (House Bill 895 and related measures); an amendment allowing service credit recognition between the Employees’ Retirement System (ERS) and the Judicial Retirement System (JRS) with a 90‑day election window (House Bill 905 as amended); and a proposal affecting members of the Georgia State Employees’ Pension and Savings Plan (GSEPS) to offer an…
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