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GA SB143

GA SB143
Georgia Firefighter's Pension Fund; certain members to retire at age 50; provide


summary

Introduced
02/11/2025
In Committee
03/31/2026
Crossed Over
02/17/2026
Passed
04/10/2026
Dead
04/02/2026

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT To amend Article 6 of Chapter 7 of Title 47 of the Official Code of Georgia Annotated, relating to retirement, retirement allowances, disability benefits, and death benefits relative to the Georgia Firefighter's Pension Fund, so as to provide for certain members to continue working while receiving retirement benefits; to provide for certain members who have retired and reentered employment to accrue creditable service without a seven-year minimum; to amend Chapter 23 of Title 47 of the Official Code of Georgia Annotated, relating to the Georgia Judicial Retirement System, so as to provide for membership in the system for each judge employed full time in the Georgia Tax Court; to provide for creditable service; to provide for transfer of funds; to provide for transfer of membership service; to provide for payments of full actuarial costs; to provide for all other individuals employed by the court; to provide for earnable monthly compensation for purposes of contributions and benefit amounts; to provide conforming changes; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

AI Summary

This bill makes several changes to Georgia's retirement systems, primarily affecting firefighters and judges of the newly established Georgia Tax Court. For firefighters in the Georgia Firefighter's Pension Fund, it allows members to continue working while receiving retirement benefits under certain conditions, and permits those who retire and reenter service to accrue additional creditable service without a seven-year waiting period. It also lowers the age at which firefighters can begin receiving reduced retirement benefits from 55 to 50, with a corresponding reduction in the benefit amount. Additionally, the bill establishes membership in the Georgia Judicial Retirement System for full-time judges of the Georgia Tax Court, allowing them to transfer prior service from other state retirement systems and defining how their compensation will be calculated for retirement purposes. Other employees of the Georgia Tax Court will be handled under existing provisions for new state agencies. The bill's effective date is contingent on it being concurrently funded, with an automatic repeal if this condition is not met by July 1, 2026.

Committee Categories

Labor and Employment

Sponsors (7)

Last Action

Senate Sent to Governor (on 04/10/2026)

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