Plain English Breakdown
The bill status shows it passed both chambers, but no effective date is listed in the provided metadata.
HB1113: Excluding Part-Time Students from the Georgia Defined Contribution Plan
This bill changes state law to exclude part-time students from membership in the Georgia Defined Contribution retirement plan.
What This Bill Does
- Amends Code Section 47-22-1 of the Official Code of Georgia Annotated regarding definitions for the Georgia Defined Contribution Plan.
- Excludes part-time students from membership eligibility in the plan.
- Repeals any existing laws that conflict with this new exclusion rule.
Who It Names or Affects
- Part-time students who currently hold or seek membership in the Georgia Defined Contribution Plan.
Limits and Unknowns
- The official text does not specify an effective date for this change.
- The source material does not define how 'part-time student' is calculated or measured for eligibility purposes.
- It is unclear from the summary if current part-time students must leave immediately or can finish their enrollment before losing membership.