Same-sex spouses added to U. System of Georgia retirement plan

Stefanie Botelho's picture

The state Board of Regents voted Monday to comply with federal laws and recognize same-sex marriages for participants in a University System of Georgia retirement plan.

The vote amends the definition of spouse in the system’s Optional Retirement Plan, and it allows same-sex spouses to receive the same federal tax benefits as those in heterosexual marriages. The required change follows Internal Revenue Service guidelines for some qualified retirement plans issued after a Supreme Court decision last year overturned the Defense of Marriage Act, limiting marriage to being between a man and a woman.

The IRS retirement plan rules apply to people who were married in states where same-sex marriage is recognized, regardless of whether a person currently lives in a state, such as Georgia, where same-sex marriage is not recognized, said Marion Fedrick, the University System’s vice chancellor of human resources.

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