Retirement and Pensions; fiduciary duty to invest retirement assets solely in the financial interests of participants and their beneficiaries; provide
Summary
A BILL to be entitled an Act to amend Title 47 of the O.C.G.A., relating to retirement and pensions, so as to provide for a fiduciary duty to invest retirement assets solely in the financial interests of participants and their beneficiaries; to provide for duties; to provide for a definition; to revise the minimum and maximum allowable benefit multiplier for current and future retirees of the Public School Employees Retirement System; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2023
Committee Review
Mar 2023
Senate Passage
Mar 2023
House Passage
Governor
Introduced Feb 27, 2023
Last action Mar 8, 2023
Floor votes · Senate Mar 6, 2023
How they voted
49–0
Passed · 1 other
Total votes 50
Mar 6, 2023
D
Democratic21
100% Yea
R
Republican29
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
2
Committee
2
Mar 6, 2023
Upper · Passed
Senate Passed/Adopted By Substitute
upper
Mar 1, 2023
Upper · Passed
Senate Committee Favorably Reported By Substitute
upper
Feb 28, 2023
Committee
Senate Read and Referred
upper
Feb 27, 2023
Introduced
Senate Hopper
upper
13 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Billy Hickman
RRepublican
P
Clint Dixon
RRepublican
P
Ed Setzler
RRepublican
P
Greg Dolezal
RRepublican
P
Jason Anavitarte
RRepublican
P
John Albers
RRepublican
P
John Kennedy
RRepublican
P
Lee Anderson
RRepublican
P
Marty Harbin
RRepublican
P
Matt Brass
RRepublican
P
Mike Hodges
RRepublican
P
Rick Williams
RRepublican
P
Russ Goodman
RRepublican
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