Georgia 2025-2026 Regular Session

Georgia House Bill HB1113

Introduced
1/29/26  

Caption

Georgia Defined Contribution Plan; exclude part-time students from membership

Impact

If enacted, this bill would directly impact current and future part-time students who might be working at state educational institutions, effectively removing their access to contribute to the defined contribution retirement plan. This could have significant implications for students' post-education financial planning as many rely on such plans for long-term savings. Moreover, this change may lead to discussions regarding employment benefits for part-time student workers across the state, prompting other institutions to consider similar alterations in their policies.

Summary

House Bill 1113 aims to amend the Georgia Defined Contribution Plan by excluding part-time students from membership in the plan. This legislative move targets the definition of eligible employees who can participate in the retirement savings program, specifically tailoring it to address the status of students working part-time at their educational institutions. The bill seeks to clarify the roles of various stakeholders in the plan, ensuring that full-time employment remains a prerequisite for participation.

Contention

Debate around HB 1113 may arise due to concerns about the financial security of part-time students, who often juggle schooling with work commitments. Opponents of the bill could argue that limiting access to retirement savings disproportionately affects younger workers and undermines their financial future. Supporters, on the other hand, might argue that the intent is to limit membership to those who are fully engaged in their employment roles, thereby maintaining the integrity of the retirement plan designed for full-time workers.

Companion Bills

No companion bills found.

Previously Filed As

GA A1482

Excludes contributions made to certain retirement savings plans under gross income tax.

GA S1406

Excludes contributions made to certain retirement savings plans under gross income tax.

GA S4106

Excludes certain retirement savings plan contributions, withdrawals, and rollovers from gross income tax.

GA A569

Excludes certain retirement savings plan contributions, withdrawals, and rollovers from gross income tax.

GA HR1922

Impact Georgia Day and honoring distinguished Georgians for their contributions to the state and beyond; recognize

GA HB818

Georgia Judicial Retirement System; membership for each judge employed full time in the Georgia Tax Court; provide

GA HB1300

Georgia Higher Education Savings Plan Act; raise maximum amount of contributions allowed per beneficiary for savings trust accounts

GA SB1148

CORP; defined contributions

GA S2407

Makes local government business administrators eligible for memberships in PERS; provides for transfer of business administrators from participation in Defined Contribution Retirement Program to membership in PERS.

GA HR1256

Communities In Schools of Central Georgia; significant contributions to improving student attendance, student achievement, dropout prevention, and community partnerships in Central Georgia; commend

Similar Bills

No similar bills found.