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Georgia Regents to vote on same-sex marriage retirement benefits

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June 28, 2014

The state Board of Regents will consider Monday whether to recognize same-sex marriages for participants in a University System retirement plan.

The vote, scheduled for a Monday meeting, would amend the Optional Retirement Plan to comply with federal tax rules. After a Supreme Court decision last year overturned the Defense of Marriage Act, the IRS issued new rules requiring recognition same-sex marriages in some qualified retirement plans.

The proposed plan changes would not apply to other benefits programs, including health care coverage.

Also Monday, the board will vote on a 5 percent salary increase for University System Chancellor Hank Huckaby. The $21,250 annual increase would be paid to Huckaby as deferred compensation.

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