Bill > SB452

This bill, effective July 1, 2026, amends 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 where employees can defer a portion of their salary, and employers may contribute as well. The bill defines "state law enforcement officer" to include peace officers employed by the Department of Community Supervision and other certified sworn law enforcement officers who are vested with peace officer duties. Under the current law, for members who have at least five years of service and contribute at least 5% of their salary, the employer contributes an additional 0.5% for each year of service beyond five, up to a total employer contribution of 9%. This bill introduces a new provision specifically for state law enforcement officers, allowing employers to contribute an additional 2% of compensation for each year of creditable service exceeding five years, provided the officer has at least five years of service and contributes at least 5% of their salary, with the total employer contribution capped at 15%.