Legislative Retirement System; match benefit amounts payable to former and current retired legislators to benefits payable to legislators who were in office on or after January 1, 2022

Summary

The bill changes Georgia’s Legislative Retirement System so that former and currently retired legislators receive the same monthly pension calculations as those who were in office on or after Jan 1 2022. It sets a new benefit formula of $50 per year of service plus $200 per year of presiding service and makes the change effective July 1 2026 if funding is approved. The measure currently sits in committee after a second reading.

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