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Título 47. RETIREMENT AND PENSIONS · Capítulo 20. PUBLIC RETIREMENT SYSTEMS STANDARDS · Artículo 4. RETIREMENT BILLS IN GENERAL ASSEMBLY · Parte 1. General Provisions

47-20-30. Definitions.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. As used in this article, the term:

  2. (1)

    ‘‘Amendment’’ means any amendment, including a substitute bill, made to a retirement bill by any committee of the House or Senate or by the House or Senate.#

  3. (2)

    ‘‘LC number’’ means that number preceded by the letters ‘‘LC’’ assigned to a bill by the Office of Legislative Counsel when that office prepares a bill for a member of the General Assembly.#

  4. (3)

    ‘‘Nonfiscal amendment’’ means an amendment to a retirement bill having a fiscal impact, which amendment does not change any factor of an actuarial investigation specified in subsection (a) of Code Section 47-20-36.#

  5. (4)

    ‘‘Nonfiscal retirement bill’’ means a retirement bill which does not affect the cost or funding factors of a retirement system or a retirement bill which affects such factors only in a manner which does not:#

    1. (A)

      Grant a benefit increase under the retirement system affected by the bill;#

    2. (B)

      Create an actuarial accrued liability for or increase the actuarial accrued liability of the retirement system affected by the bill; or#

    3. (C)

      Increase the normal cost of the retirement system affected by the bill.#

  6. (4.1)

    ‘‘Nonfiscal retirement bill’’ also means a retirement bill which removes or increases a mandatory retirement age of a retirement system or which removes or modifies provisions of a retirement system requiring forfeiture of benefits upon failure to retire upon reaching a mandatory retirement age or which provides for any combination of the foregoing.#

  7. (5)

    ‘‘Reduction in cost amendment’’ means an amendment to a retirement bill having a fiscal impact which reduces the cost of the bill as such cost is determined by the actuarial investigation for the bill prepared pursuant to Code Section 47-20-36.#

  8. (6)

    ‘‘Retirement bill having a fiscal impact’’ means any retirement bill creating or establishing a retirement system and any other retirement bill other than a nonfiscal retirement bill. Such term shall include any bill requiring a public retirement system to divest or refrain from investing in specific investments or classes of investments.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 47-20-30, enacted by Ga. L. 1983, p. 1368, § 1; Ga. L. 1985, p. 146, § 1; Ga. L. 1986, p. 30, § 1; Ga. L. 1987, p. 240, § 2; Ga. L. 1990, p. 767, § 1; Ga. L. 2008, p. 1094, § 2/SB 327.

Otras notas

The 2008 amendment, effective July 1, 2008, added the last sentence in paragraph (6).

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t47-(v35)-2010-pdf.pdf, Volumen V35, edición 2010, páginas 654 a 655; acción de fusión: carried; SHA-256 del archivo 670b44b1738a.