SB 261 GA
Magistrates Retirement Fund; early retirement benefit; provide
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Summary
The bill amends Georgia's Magistrates Retirement Fund by adding an early retirement benefit option for eligible employees. The bill increases employee contributions to the fund and replaces the statutory maximum monthly compensation limit used to calculate retirement benefits with an amount to be determined by the retirement fund board. The bill also increases the maximum number of years of service that can be used in calculating a retirement benefit.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
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.
Sponsors (6)
- Marty Harbin Republican · primary
- Brian Strickland Republican · primary
- Steve Gooch Republican · primary
- Billy Hickman Republican · primary
- Rick Williams Republican · primary
- Lee Anderson Republican · primary
Action history (16)
- Feb 26, 2025 Senate Hopper · upper
- Feb 27, 2025 Senate Read and Referred · upper
- Feb 4, 2026 Senate Committee Favorably Reported By Substitute · upper
- Feb 5, 2026 Senate Read Second Time · upper
- Mar 4, 2026 Senate Third Read · upper
- Mar 4, 2026 Senate Passed/Adopted By Substitute · upper
- Mar 6, 2026 House First Readers · lower
- Mar 9, 2026 House Second Readers · lower
- Mar 31, 2026 House Committee Favorably Reported By Substitute · lower
- Mar 31, 2026 House Third Readers · lower
- Mar 31, 2026 House Passed/Adopted By Substitute · lower
- Apr 2, 2026 Senate Agreed House Amend or Sub · upper
- Apr 10, 2026 Senate Sent to Governor · upper
- May 11, 2026 Senate Date Signed by Governor · upper
- May 11, 2026 Act 490 · upper
- Jul 1, 2026 Effective Date · legislature
Full text
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