Committee approves bill allowing assignment of state retiree life benefits to funeral homes House Bill 1234 would let beneficiaries assign state retiree life insurance benefits directly to funeral homes for payment of funeral expenses; sponsor cited unpaid funeral bills during COVID as a rationale. The committee approved the bill by voice vote in this hearing.

Georgia's House Bill 1234 aims to ease the burden on retirees by allowing life insurance benefits to be assigned directly to funeral homes, ensuring dignified services after a loss.

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Committee advances bill to restore 3% COLA after broad testimony on retirees' hardship Sen. O'Rourke's SB339 (LC560371) to restore a 3% cost-of-living adjustment moved out of committee after extensive testimony from retirees and ERS staff; ERS director warned of significant unfunded liability and urged a measured, funding-responsive approach.

The Senate Committee is taking a significant step toward restoring a 3% cost-of-living adjustment for state retirees, highlighting the urgent need to address their financial struggles since 2009.

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Committee advances pension reforms including Ellis Black bill for equal retirement benefits House committee discusses pension adjustments ensuring equal benefits for all retirees.

Georgia's latest government meeting could reshape the future of retirement for thousands of retirees, ensuring equal benefits regardless of when they retired.

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Georgia Senate passes Bill 339 for postretirement benefit adjustments Senate Bill 339 amends Georgia's Employees' Retirement System for enhanced beneficiary benefits.

Georgia's Senate Bill 339 could revolutionize retirement security by introducing vital benefit adjustments for retirees grappling with rising costs.

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