Section 47-20-30 - Definitions

As used in this article, the term:(1) 'Amendment' means any amendment, including a substitute bill, made to a retirement bill by any committee of the House or Senate or by the House or Senate.(2) 'LC number' means that number preceded by the letters 'LC' assigned to a bill by the Office of Legislative Counsel when that office prepares a bill for a member of the General Assembly.(3) 'Nonfiscal amendment' means an amendment to a retirement bill having a fiscal impact, which amendment does not change any factor of an actuarial investigation specified in subsection (a) of Code Section 47-20-36.(4) 'Nonfiscal retirement bill' means a retirement bill which does not affect the cost or funding factors of a retirement system or a retirement bill which affects such factors only in a manner which does not: (A) Grant a benefit increase under the retirement system affected by the bill;(B) Create an actuarial accrued liability for or increase the actuarial accrued liability of the retirement system affected by the bill; or(C) Increase the normal cost of the retirement system affected by the bill.(4.1) 'Nonfiscal retirement bill' also means a retirement bill which removes or increases a

t system affected by the bill; or(C) Increase the normal cost of the retirement system affected by the bill.(4.1) 'Nonfiscal retirement bill' also means a retirement bill which removes or increases a mandatory retirement age of a retirement system or which removes or modifies provisions of a retirement system requiring forfeiture of benefits upon failure to retire upon reaching a mandatory retirement age or which provides for any combination of the foregoing.(5) 'Reduction in cost amendment' means an amendment to a retirement bill having a fiscal impact which reduces the cost of the bill as such cost is determined by the actuarial investigation for the bill prepared pursuant to Code Section 47-20-36.(6) 'Retirement bill having a fiscal impact' means any retirement bill creating or establishing a retirement system and any other retirement bill other than a nonfiscal retirement bill. Such term shall include any bill requiring a public retirement system to divest or refrain from investing in specific investments or classes of investments.Amended by 2008 Ga. Laws 770,§ 2, eff. 7/1/2008.