Georgia Senate Bill SB11

Georgia 2025-2026 Regular Session

• Introduced: 1/15/25
• Refer: 1/16/25

Caption

Retirement; creditable service for certain military service; provide

Impact

If enacted, SB11 will significantly impact the retirement benefits for qualifying Georgia public employees who served in the military. By providing a pathway to obtain additional creditable service, this bill could lead to larger retirement payouts for these members, potentially making public sector jobs more attractive to veterans. Moreover, the amendment could signify a more supportive policy environment for military service members in terms of job security and financial planning after retirement.

Summary

Senate Bill 11 aims to amend Georgia's retirement laws by allowing members of the retirement system to obtain creditable service for active military service performed after January 1, 1990. Specifically, members with at least ten years of service can earn up to 36 months of additional creditable service for their military service. This change is intended to recognize the sacrifices made by military personnel and enhance their retirement benefits, which is particularly noteworthy given the growing number of veterans within the state.

Conclusion

Ultimately, Senate Bill 11 represents a significant shift in how Georgia values military service within its public retirement system. This legislative proposal not only acknowledges the contributions of veterans but also invites discussions on how to responsibly fund and support public retirement systems in light of expanded benefits. The successful passage of SB11 could set a precedent for similar legislation aimed at enhancing support for military personnel in other states.

Contention

While the bill appears to enjoy strong support, particularly among veterans' advocacy groups and legislators wishing to support military personnel, it may face scrutiny regarding its funding. The bill stipulates that it becomes effective only if it is concurrently funded according to the Public Retirement Systems Standards Law. This raises concerns about budget allocations and fiscal responsibility, as allowing for additional creditable service may increase the liabilities of the retirement system and affect its long-term sustainability.