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Georgia Legislative Retirement System; board of trustees of the system to increase benefit multipliers for members; provide
A BILL to be entitled an Act to amend Chapter 6 of Title 47 of the Official Code of Georgia Annotated, relating to the Georgia Legislative Retirement System, so as to provide for the board of trustees of the system to increase benefit multipliers for members; to provide for the system to maintain a minimum 120 percent funded ratio; to provide for conditions for such benefit multiplier increases; to provide for automatic increases in employee contributions proportional to benefit multiplier incre…
Source: OpenStates · fetched March 9, 2026
Increases benefit multipliers for members of the Georgia Legislative Retirement System, potentially leading to higher retirement income.
- Senior (65+, Medicare/SS)directModerate impactHigh certainty
Increases benefit multipliers for members of the Georgia Legislative Retirement System, potentially leading to higher retirement income.
“so as to provide for the board of trustees of the system to increase benefit multipliers for members”· General
- Allows the board of trustees of the Georgia Legislative Retirement System to increase benefit multipliers for members.
- Requires the system to maintain a minimum 120 percent funded ratio.
- Establishes conditions for benefit multiplier increases and automatic proportional increases in employee contributions.
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