25 LC 48 1370-EC
House Bill 105
By: Representatives Wade of the 9
th
, Gambill of the 15
th
, Hong of the 103
rd
, McDonald III
of the 26
th
, Erwin of the 32
nd
, and others
A BILL TO BE ENTITLED
AN ACT
To amend Code Section 45-9-78 of the Official Code of Georgia Annotated, relating to
1
payment of indemnification for death or disability generally, designation of method of2
payment, and procedure for making payments, so as to increase the indemnification award3
of certain state public school personnel in the event of death; to provide for related matters;4
to provide for an effective date; to repeal conflicting laws; and for other purposes.5
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6
SECTION 1.7
Code Section 45-9-78 of the Official Code of Georgia Annotated, relating to payment of8
indemnification for death or disability generally, designation of method of payment, and9
procedure for making payments, is amended by revising subsection (b) as follows:10
"(b) For any compensable claim filed under this article, payment shall be made as follows:11
(1) In the case of permanent disability, the eligible disabled person pursuant to this12
article may elect payment of $75,000.00 in equal installments over a period of five years13
or a payment in lump sum which shall consist of $75,000.00 reduced to its present value14
upon the basis of interest calculated at the rate of 6 percent per annum; and15
H. B. 105
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(2) In the case of death, payment shall be made to the estate of a person who is eligible
16
for indemnification under this article as follows: the executor or administrator may elect17
payment of $75,000.00
$150,000.00 in equal installments over a period of five years or18
a payment in lump sum which shall consist of $75,000.00 $150,000.00 reduced to its19
present value upon the basis of interest calculated at the rate of 6 percent per annum."20
SECTION 2.21
This Act shall become effective upon its approval by the Governor or upon its becoming law22
without such approval.23
SECTION 3.24
All laws and parts of laws in conflict with this Act are repealed.25
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