The POAB BILL SB 249 passed the Senate and House on Monday, June 22,2020 and awaits the Governors signing
The bill provides that Certified Jail Officers may join the POAB Fund effective
July 1, 2020. However, the Jail Officers will not be allowed the purchase service they have prior to the July 1, 2020 date.
Increases the dues that members pay from $20.00 dollars per month to $25.00 dollars per month. The dues increase is effective July 1, 2020
Provides for an increase in the fees that POAB will receive from fines and bond forfeitures from the courts. Without this increase in funding POAB would not have been able to include the Jail officers and give a benefit increase in the future.
This is one of the most important parts of the bill right after allowing jail officers to join the Fund. This section increases the benefit payment rate from the current
$25.15 per month of service to $30.00 per month of service. The retirement benefit increase will take effect on July 1, 2021. Not only does the new payout rate increase the benefit for members retiring in the future it increases the benefit payment to members that are already retired.
July 1, 2021 the new rate of $30.00 per month of service X 30 years membership in the Fund will equal a monthly benefit $900.00.
The POAB Board with actuary approval from investments may provide a 1 and ½ percent COLA twice per year.
In addition to the retirement benefit improvement and jailors joining the Fund provided by SB 249, HB 245 helps the surviving spouse. Currently if a spouse is receiving a benefit provided by the Fund member the spouse loses the benefit if she or he should remarry. With the passage of HB 245 this restriction is removed. Therefore, the surviving spouse may remarry and continue to receive the benefits from POAB.
We would like to thank all the individuals and groups that made the passage of SB 249 possible. This was a combined effort of POAB Secretary/treasurer Bobby Carter, the POAB Board members, the GSA, GACP, FOP, NOBLE and POAG and all law enforcement in this State working together.
We also would like to recognize the efforts of Senator John Albers, Senator Tyler Harper and Senator Randy Robertson who were the lead sponsors of the bill.
After passage in the Senate the bill moved to the House of Representatives where it was supported by the efforts of Representatives Micah Gravley, Bill Hitchens, Jon Burns, and the Leadership of Speaker David Ralston.
Without the hard work and efforts above the bill most likely would not have passed.
Thanks to all from the Executive Committee of the Peace Officers’ Association of Georgia