Georgia legislation · 2025-2026 Regular Session
Georgia SB261: Magistrates Retirement Fund; early retirement benefit; provide
Status: Signed into law, May 11, 2026
A BILL to be entitled an Act to amend Chapter 25 of Title 47 of the Official Code of Georgia Annotated, relating to the magistrates retirement fund, so as to provide for an early retirement benefit; to provide for an employee contribution increase; to replace the statutory maximum monthly compensation used to calculate a benefit with an amount determined by the board; to increase the maximum number of years of service used to calculate a benefit; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Chapter 25 of Title 47 of the Official Code of Georgia Annotated, relating to the magistrates retirement fund, so as to provide for an early retirement benefit; to provide for an employee contribution increase; to replace the statutory maximum monthly compensation used to calculate a benefit with an amount determined by the board; to increase the maximum number of years of service used to calculate a benefit; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
From the introduced text:
A BILL TO BE ENTITLED To amend Chapter 25 of Title 47 of the Official Code of Georgia Annotated, relating to the magistrates retirement fund, so as to provide for an early retirement benefit; to provide for an employee contribution increase; to replace the statutory maximum monthly compensation used to calculate a benefit with an amount determined by the board; to increase the maximum number of years of service used to calculate a benefit; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Chapter 25 of Title 47 of the Official Code of Georgia Annotated, relating to the magistrates retirement fund, is amended by revising Code Section 47-25-41, relating to member dues, as follows: "47-25-41. Each member shall pay into the fund as dues a sum equal to 3.42 4.0 percent of the member's maximum average final monthly compensation established by subsection (a) of S. B. LC 56 0263 Code Section 47-25-81 per month. Each month's dues shall be paid not later than the tenth day of that month." SECTION 2. Said chapter is further amended by revising Code Section 47-25-80, relating to requirements to receiving benefits, as follows: "47-25-80. (a) In order for a …