Georgia 2019-2020 Regular Session Status: In Committee 3 R cosponsors

HB 667 — Teachers Retirement System; actuarial investigations to occur at least once in every three-year period; require

Last action — House Second Readers

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

A BILL to be entitled an Act to amend Chapter 3 of Title 47 of the Official Code of Georgia Annotated, relating to the Teachers Retirement System of Georgia, so as to require actuarial investigations for the retirement system to occur at least once in every three-year period; to provide that the maximum annual assumed rate of return shall not exceed 6 percent; to require the retirement system to use direct rate smoothing for actuarially determined employer contributions; to require that certain legacy debt of the retirement system be paid by a certain date; to require that future unfunded actuarial accrued liability shall be paid using 15 year amortization periods; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 667 on the official Georgia source →

Action History

  1. House Second Readers

  2. House First Readers

  3. House Hopper

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 243 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (243)

243 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor education
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Frequently asked questions

What does HB 667 do?
A BILL to be entitled an Act to amend Chapter 3 of Title 47 of the Official Code of Georgia Annotated, relating to the Teachers Retirement System of Georgia, so as to require actuarial investigations for the retirement system to occur at least once in every three-year period; to provide that the maximum annual assumed rate of return shall not exceed 6 percent; to require the retirement system to use direct rate smoothing for actuarially determined employer contributions; to require that certain legacy debt of the retirement system be paid by a certain date; to require that future unfunded actuarial accrued liability shall be paid using 15 year amortization periods; to provide for related matters; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.
Who sponsors HB 667?
HB 667 is sponsored by Charles Martin (Republican), Rick Jasperse (Republican), Brett Harrell, and Alan Powell (Republican).
What is the current status of HB 667?
This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 667?
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