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Current as of March 28, 2024 | Updated by FindLaw Staff
As used in this article, the term:
(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.
(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.
(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.
(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:
(A) Grant a benefit increase under the retirement system affected by the bill;
(B) Create an actuarial accrued liability for or increase the actuarial accrued liability of the retirement system affected by the bill; or
(C) Increase the normal cost of the retirement system affected by the bill.
(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.
(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.
(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.
Cite this article: FindLaw.com - Georgia Code Title 47. Retirement and Pensions § 47-20-30 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-47-retirement-and-pensions/ga-code-sect-47-20-30/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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