All Roll Calls
Yes: 196 • No: 27
GeorgiaHB 782025-2026 Regular SessionHouseWALLET
Employees' Retirement System of Georgia; total percentage of funds invested in alternative investments; raise limit
Sponsored By: Mike Cameron (Republican), John Carson (Republican), Lehman Franklin (Republican), Gary Richardson (Republican), Bill Yearta (Republican)
Became Law
RetirementGeneral Bill
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Georgia pension funds get new investment limits
The law sets how much state retirement systems can hold in alternative investments. Most large systems are capped at 10% of assets at any time. The Georgia Firefighters' Pension Fund can invest up to 20%. The Peace Officers' Annuity and Benefit Fund can invest up to 15%. The Teachers' Retirement System and the Employees' Retirement System are each capped at 5%.
Sponsors & Cosponsors
Sponsors
Mike Cameron
Republican • House
John Carson
Republican • House
Lehman Franklin
Republican • House
Gary Richardson
Republican • House
Bill Yearta
Republican • House
Cosponsors
Rick Williams
Republican • Senate
Roll Call Votes
Senate vote • 4/2/2025
PASSAGE
Yes: 35 • No: 18
House vote • 2/24/2025
PASSAGE
Yes: 161 • No: 9
Actions Timeline
Effective Date
7/1/2025House Date Signed by Governor
5/1/2025HouseAct 63
5/1/2025House Sent to Governor
4/8/2025HouseSenate Tabled
4/2/2025SenateSenate Taken from Table
4/2/2025SenateSenate Third Read
4/2/2025SenateSenate Passed/Adopted
4/2/2025SenateSenate Read Second Time
3/18/2025SenateSenate Committee Favorably Reported
3/13/2025SenateSenate Read and Referred
2/26/2025SenateHouse Third Readers
2/24/2025HouseHouse Passed/Adopted By Substitute
2/24/2025HouseHouse Committee Favorably Reported By Substitute
2/20/2025HouseHouse Second Readers
1/27/2025HouseHouse First Readers
1/17/2025HouseHouse Hopper
1/16/2025House
Bill Text
HB 78/AP* (v8)
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