Georgia HB905: Employees' Retirement System; any member shall be eligible to transfer funds to Judicial Retirement System; provide

What the bill says

From the introduced text:

DOAA Greg S. Griffin Georgia Department State Auditor of Audits & Accounts March 31, 2025 The Honorable Gary Richardson State Representative Coverdell Legislative Office Building, Room 601-F Atlanta, GA 30334 SUBJECT: State Auditor's Certification House Bill (LC 56 0407) Dear Representative Richardson: This bill would amend provisions relating to creditable service under the Georgia Judicial Retirement System. Currently, persons who transfer from a position covered by the Employees' Retirement System (ERS) to the Georgia Judicial Retirement System (JRS) have 90 days to make an election to transfer their creditable service from the ERS to the JRS. Once the 90-day window has expired, the creditable service cannot be transferred. This bill would provide a limited opportunity for members who did not meet the 90-day requirement to reconsider having their service transferred. If this legislation is enacted, all members would have until December 31, 2026 to make such election regardless of the date they became a member of the JRS. After December 31, 2026, the 90-day requirement would be reinstated. Under the provisions of this bill, ERS would be required to transfer all employee and employer contributions, with regular interest to the JRS. The member is authorized but not required to pay additional amounts. Upon receipt of the funds, the JRS will credit the member with the number of years of creditable …

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