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SB 143 GA
Became Law

Georgia Firefighter's Pension Fund; certain members to retire at age 50; provide

GA · session 2025_26 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 11, 2025

Latest action (Jul 1, 2026) Effective Date

Summary

The bill allows certain members of the Georgia Firefighter's Pension Fund to retire at age 50. The bill also provides an exception that permits the Georgia Firefighters' Pension Fund to invest in assets rated below investment grade, contrary to normal investment restrictions.

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 Article 6 of Chapter 7 of Title 47 of the O.C.G.A., relating to retirement, retirement allowances, disability benefits, and death benefits relative to the Georgia Firefighter's Pension Fund, so as to provide for certain members to retire at age 50; to amend Article 7 of Chapter 20 of Title 47 of the O.C.G.A., the "Public Retirement Systems Investment Authority Law," so as to provide for an exception for the Georgia Firefighters' Pension Fund to invest in assets rated below investment grade; 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)

Action history (16)

  1. Feb 11, 2025 Senate Hopper · upper
  2. Feb 12, 2025 Senate Read and Referred · upper
  3. Feb 5, 2026 Senate Committee Favorably Reported By Substitute · upper
  4. Feb 6, 2026 Senate Read Second Time · upper
  5. Feb 17, 2026 Senate Third Read · upper
  6. Feb 17, 2026 Senate Passed/Adopted By Substitute · upper
  7. Feb 18, 2026 House First Readers · lower
  8. Feb 19, 2026 House Second Readers · lower
  9. Mar 31, 2026 House Committee Favorably Reported By Substitute · lower
  10. Mar 31, 2026 House Third Readers · lower
  11. Mar 31, 2026 House Passed/Adopted By Substitute · lower
  12. Apr 2, 2026 Senate Agreed House Amend or Sub · upper
  13. Apr 10, 2026 Senate Sent to Governor · upper
  14. May 12, 2026 Senate Date Signed by Governor · upper
  15. May 12, 2026 Act 630 · upper
  16. Jul 1, 2026 Effective Date · legislature
Subjects
RETIREMENT AND PENSIONS

Full text

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