HB 489

Abstract

A BILL to be entitled an Act to amend Code Section 47-3-121 of the Official Code of Georgia Annotated, relating to optional retirement allowances under the Teachers Retirement System of Georgia, election of such options, revocation of election, and effect of divorce, so as to provide that where the person designated to receive a survivor's benefit is a spouse or former spouse, and where such person remarries, the member may revoke such option; to provide that such member may elect another option; to provide conditions for an effective date and automatic repeal; to repeal conflicting laws; and for other purposes.