SB 266 Georgia Senate · 2023-2024 Regular Session

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

490
Passed · 1 other
Total votes 50
Mar 6, 2023
D Democratic21
21 Yea
100% Yea
R Republican29
28 Yea 1
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