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
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
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)
Related Bills
HB 90, Revenue and taxation; increase maximum acreage to qualify for assessment and taxation as a bona fide conservation use property
HB 739, Lawrenceville, City of; annexation of certain territory; provide
HB 579, Professions and businesses; licensure to engage in trade; provisions
SB 566, Ad Valorem Taxation of Property; the acceptance of tax digests in the event of a publication error made by a newspaper; provide
SB 284, "Georgia Uniform Securities Act of 2008,"; issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return; authorize
HB 413, Agriculture; prohibit local ordinances that prohibit operation of mobile sawmills on agricultural land