Bill > HB808

This bill establishes the State Law Enforcement Officer Plan (SLEO Plan), a new retirement benefits program specifically for state law enforcement officers employed across various state departments and agencies. The plan allows eligible officers to make an irrevocable election to participate, starting July 1, 2026, with enhanced retirement benefits structured on a graduated scale based on years of creditable service. Officers will contribute 5% of their earnings and can earn increasing percentages of their average final compensation as retirement benefits: 10% at 10 years of service, with incremental increases from 3% to 6% for subsequent service years up to 25 years. After 25 years of creditable service, officer contributions cease, and their monthly retirement benefits will be deposited into a Deferred Retirement Option Program (DROP) Account that earns interest. The bill defines "state law enforcement officer" broadly, including peace officers from numerous state departments like Corrections, Driver Services, and the Georgia Bureau of Investigation. Importantly, officers must make their election within 90 days of becoming a state law enforcement officer or by July 1, 2026, and cannot retire under this plan before July 1, 2031. The bill's implementation is contingent on concurrent funding and will be automatically repealed if funding is not secured.

Labor and Employment

https://www.legis.ga.gov/legislation/71504