Bill to improve ESP pension plan
will be heard tomorrow
A key priority for GAE this legislative session is the passage of SB 105, a bill, which if passed, would increase the monthly pension many ESPs receive in retirement.
The legislation would provide for an immediate but small increase in the monthly pension amount that school bus drivers, cafeteria workers, custodians, and school maintenance personnel receive from the Public School Employees Retirement System (PSERS). Under current law, the maximum pension benefit an individual with 30 years of service can receive is $495 a month. The average current benefit is only $290 a month.
If passed by the Senate Retirement Committee Thursday and enacted into law, the bill would increase the maximum benefit to $510, but, more importantly, SB 105 would eliminate language in current state law that sets a ceiling on PSERS benefits. This would allow legislators to increase benefits much more significantly in future years. GAE's goal is to see the maximum benefit double in the next five years.
Consideration of the legislation will begin at 1 p.m. tomorrow, in Room 310 of the Coverdell Legislative Office Building. Interested members may watch the proceedings live at: https://vimeo.com/showcase/9076396?autoplay=1
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General Assembly is session
Thursday and Friday of this week
Next week, the legislature will be in session as follows:
Monday, January 29 - Day 11
Tuesday, January 30 - Day 12
Wednesday, January 31 - Day 13
Thursday, February 1 - Day 14
The next Legislative Update will be Thursday, January 25
Some members have reported difficulty downloading the nomination form for candidates for delegate positions at 2024 NEA Representative Assembly
Click here to download the form. Directions for submitting are on the form. It is not fillable, and you must print and sign. You can email a scan or a picture of the completed form to gaeelections@gae.org.
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