Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Defined Contribution Plan topic
No spam. Unsubscribe anytime.
Panel approves narrow code change to exclude part‑time federal work‑study students from mandatory defined‑contribution membership
Summary
The committee recommended House Bill 1113 to clarify that part‑time federal work‑study students are excluded from mandatory membership in the Georgia defined contribution savings plan, aligning code with current practice following the state's Workday rollout, sponsors said.
Representative Barrett presented House Bill 1113 (LC560501), describing it as an administrative alignment: the existing code excludes full‑time students from mandatory membership in the Georgia defined contribution plan, but part‑time federal work‑study students had been treated that way in practice without code language to match.
Barrett said the bill "simply proposes to amend the Georgia defined contribution plan by excluding part time students from being considered as employees for the purpose of membership in the plan." Mark Peavey of the Technical College System of Georgia told the committee the change was requested by the agency as Workday implementation highlighted the coding mismatch.
Panel members sought and received clarifications that the change is limited to defined contribution plans (examples cited were 401(k) and 403(b)‑type plans) and is intended to reduce administrative burden for institutions that employ many part‑time federal work‑study students. A Potvin representative from ERS explained the Georgia defined contribution plan is a mandatory savings plan for certain part‑time and seasonal employees and that the bill would codify an exclusion for the specified student class.
With no substantive opposition, the committee voted to give the bill a do‑pass recommendation.
