For Legislators
The department delivers several products to support the General Assembly’s lawmaking and oversight responsibilities.
The department delivers several products to support the General Assembly’s lawmaking and oversight responsibilities.
Retirement Certifications
Under O.C.G.A. § 47-20-32, a retirement certification must be prepared for all legislation impacting retirement systems covered under Title 47 of the Official Code of Georgia Annotated. The State Auditor issues retirement certifications to determine whether the bills are “fiscal” or “nonfiscal” as defined in statute.
O.C.G.A. § 47-20-35 requires an actuarial investigation to be completed for all fiscal retirement bills being considered by the General Assembly to identify the legislation’s first year and total financial impact. DOAA works with the actuaries to ensure the information obtained is complete.
O.C.G.A. 47-20-50.1 requires the State Auditor to issue a Concurrent Funding Report at the end of each biennial session to document whether the fiscal retirement bills passed by the Legislature were properly funded per O.C.G.A. 47-20-50.
Who can request a retirement certification?
Any member of the General Assembly may request retirement certifications.
Are there any other requirements?
- Bills affecting retirement systems cannot be introduced until the State Auditor has issued a certification.
- ‘Fiscal Retirement Bills’ must be introduced in the first year of the biennial Session and cannot be passed by the Legislature until the second year of the Session.
- ‘Nonfiscal Retirement Bills’ may be introduced either year but must be introduced within the first 20 days of the Legislative Session.
- A new certification is required for any and all substitute versions of a retirement bill.
How can I obtain a completed retirement certification?
To view published retirement certifications, please visit https://www.legis.ga.gov/legislation/ and enter the bill number. A retirement certification will be available for all official versions of the bill.
For questions about retirement certifications contact Schwinne@audits.ga.gov.