Legislative panel looks at options to boost Georgia lawmakers' pensions
State lawmakers haven’t seen much in the way of a pay raise in at least a decade, but they could see a boost in their pension under two bills that moved forward Monday.
The biggest increase could go to House Speaker David Ralston — or any future speaker.
The Senate Retirement Committee on Monday moved ahead with financial studies of Senate Bill 14 by Sen. Valencia Seay, D-Riverdale and Senate Bill 259 by Sen. Ellis Black, R-Valdosta — the chairman of the committee. Both would raise the relatively puny pensions that lawmakers receive once they’ve left the chambers and reach retirement age.
Either bill, if approved, could triple the pension of the House speaker.
Read more: https://www.ajc.com/news/state--regional-govt--politics/legislative-panel-looks-options-boost-georgia-lawmakers-pensions/hv8TINCniLsy4Fov8AydkJ/