Bill > SB452

This bill, effective July 1, 2026, amends existing Georgia law to increase the maximum employer contribution to a 401(k) plan for certain state law enforcement officers. A 401(k) is a type of retirement savings plan that allows employees to defer a portion of their salary into an investment account, with the federal Internal Revenue Code (IRC) Section 401(k) outlining the rules for these plans. The bill defines "state law enforcement officer" to include peace officers employed by the Department of Community Supervision and sworn law enforcement officers certified by the Georgia Peace Officer Standards and Training Council who are vested with peace officer duties. Under the current law, for members who became members on or after July 1, 2014, and contribute at least 5% of their salary, the employer contributes an additional amount based on years of service exceeding five, up to a total employer contribution of 9% of compensation. This bill modifies this provision by allowing employers to contribute an additional 2% of a state law enforcement officer's compensation for each year of creditable service beyond five years, provided the total employer contribution does not exceed 15% of the officer's compensation, a significant increase from the previous 9% cap.

Labor and Employment

https://www.legis.ga.gov/legislation/72766