SB 23·GA·senate
Retirement; total percentage of funds that the Employees' Retirement System of Georgia may invest in alternative investments; raise the limit
VetoedFiled Jan 17, 2025
Sponsor: John Albers
Latest Action
Senate Date Vetoed by Governor
May 12, 2026
Summary
The legislation amends Georgia law to permit certain public retirement systems, including the Employees’ Retirement System, to allocate up to 10% of their assets to real‑estate holdings and to increase the overall ceiling on alternative investments. It sets specific percentage limits for various pension funds and restricts investments in single‑family homes. The bill was vetoed by the governor.
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