HB1
185344-1:n:04/18/2017:KBH/mfc LRS2017-1662 HB1 By Representatives Hanes, Shedd, Whorton (I), Whorton (R), Wadsworth, Fincher, Mooney and Standridge RFD Ways and Means General Fund Rd 1 09-JAN-18 SYNOPSIS: Existing law provides for the Deferred Retirement Option Plan (DROP), which contractually allows a member of the Employees' Retirement System (ERS) or the Teachers' Retirement System (TRS) to continue employment with his or her employer for a specific period of time, while deferring a portion of his or her retirement allowance until the end of the participation period, at which time the member withdraws from his or her service. Existing law provides that participation in DROP is prohibited after March 24, 2011. This bill would reopen participation in the DROP program and would further provide options for Tier I and Tier II members to participate in DROP. A BILL TO BE ENTITLED AN ACT To amend Sections 16-25-150, 16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama 1975, relating...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB1.htm - 33K - Match Info - Similar pages
HB532
185344-1:n:04/18/2017:KBH/mfc LRS2017-1662 HB532 By Representatives Hanes, Whorton (R) and Mooney RFD Ways and Means General Fund Rd 1 18-APR-17 SYNOPSIS: Existing law provides for the Deferred Retirement Option Plan (DROP), which contractually allows a member of the Employees' Retirement System (ERS) or the Teachers' Retirement System (TRS) to continue employment with his or her employer for a specific period of time, while deferring a portion of his or her retirement allowance until the end of the participation period, at which time the member withdraws from his or her service. Existing law provides that participation in DROP is prohibited after March 24, 2011. This bill would reopen participation in the DROP program and would further provide options for Tier I and Tier II members to participate in DROP. A BILL TO BE ENTITLED AN ACT To amend Sections 16-25-150, 16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama 1975, relating to the Deferred Retirement Option Plan (DROP); to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB532.htm - 33K - Match Info - Similar pages
SB381
185648-1:n:04/20/2017:KBH/cj LRS2017-1836 SB381 By Senators Shelnutt and Stutts RFD Finance and Taxation Education Rd 1 20-APR-17 SYNOPSIS: Existing law provides for the Deferred Retirement Option Plan (DROP), which contractually allows a member of the Employees' Retirement System (ERS) or the Teachers' Retirement System (TRS) to continue employment with his or her employer for a specific period of time, while deferring a portion of his or her retirement allowance until the end of the participation period, at which time the member withdraws from his or her service. Existing law provides that participation in DROP is prohibited after March 24, 2011. This bill would reopen participation in the DROP program and would further provide options for Tier I and Tier II members to participate in DROP. A BILL TO BE ENTITLED AN ACT To amend Sections 16-25-150, 16-25-151, 36-27-170, and 36-27-171 of the Code of Alabama 1975, relating to the Deferred Retirement Option Plan (DROP); to reopen...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB381.htm - 33K - Match Info - Similar pages
HB177
181269-1:n:01/26/2017:MA/mfc LRS2016-3600 HB177 By Representatives Pettus, Hanes, Mooney, Greer, Fridy, Patterson and Williams (JW) RFD Ways and Means Education Rd 1 09-FEB-17 SYNOPSIS: Under existing law, the State Employees' Health Insurance Plan and the Public Education Employees' Health Insurance Plan are governed by the State Employees' Insurance Board (SEIB) and the Public Education Employees' Health Insurance Board (PEEHIB), respectively. This bill would create a new board, titled the Public Employees' Health Insurance Board (PEHIB), to govern these two health insurance plans. This bill would provide for the membership of the board, election and qualifications of certain members, and terms for appointed and elected members. This bill would provide that all references to the State Employees' Insurance Board and the Public Education Employees' Health Insurance Board in state law be amended to reference the Public Employees' Health Insurance Board. This bill would allow the new...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB177.htm - 141K - Match Info - Similar pages
HB356
183263-1:n:03/01/2017:EBO-KB/mej HB356 By Representative Patterson RFD State Government Rd 1 02-MAR-17 SYNOPSIS: This bill would create an option for certain retirees of the Teachers' Retirement System and the Employees' Retirement System to elect to receive a lump-sum cash payment equal to and in lieu of a portion of his or her retirement allowance, not to exceed 50 percent. This bill would require the Director of Finance to certify to the Board of Control, the Governor, and the presiding officer of each house of the Legislature whether or not available funds are sufficient and economic conditions are satisfactory to support the financial viability of the lump-sum retirement allowance option and would delay the offering of the option for a period of 12 months if economic conditions do not support the viability of the lump-sum option. This bill would also create the Alabama Pension Authority and would authorize the authority to issue bonds to fund the lump-sum retirement allowance...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB356.htm - 122K - Match Info - Similar pages
SB321
183263-1:n:03/01/2017:EBO-KB/mej SB321 By Senator Hightower RFD Finance and Taxation Education Rd 1 15-MAR-17 SYNOPSIS: This bill would create an option for certain retirees of the Teachers' Retirement System and the Employees' Retirement System to elect to receive a lump-sum cash payment equal to and in lieu of a portion of his or her retirement allowance, not to exceed 50 percent. This bill would require the Director of Finance to certify to the Board of Control, the Governor, and the presiding officer of each house of the Legislature whether or not available funds are sufficient and economic conditions are satisfactory to support the financial viability of the lump-sum retirement allowance option and would delay the offering of the option for a period of 12 months if economic conditions do not support the viability of the lump-sum option. This bill would also create the Alabama Pension Authority and would authorize the authority to issue bonds to fund the lump-sum retirement...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB321.htm - 122K - Match Info - Similar pages
HB396
Rep(s). By Representative Treadaway HB396 ENROLLED, An Act, Relating to any Class 1 municipality and the retirement and relief system for officers and employees of the municipality; to amend Sections 45-37A-51.137, 45-37A-51.190, 45-37A-51.192, 45-37A-51.220, 45-37A-51.221, 45-37A-51.222, 45-37A-51.224, 45-37A-51.225, and 45-37A-51.228, Code of Alabama 1975, as amended by Act 2006-339, 2006 Regular Session, as amended by Act 2011-585, 2011 Regular Session, as amended by Act 2014-337, 2014 Regular Session; to amend the investment powers of the board of managers to reduce the percent of investments required to be in fixed income securities; to delete certain language requiring an increase in contribution under certain conditions from participants; to amend and phase in the contribution rate of the municipality to the pension system to a minimum of nine percent; to amend the normal retirement benefit for participants who first become participants on or after July 1, 2017; to provide for a...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB396.htm - 38K - Match Info - Similar pages
HB478
183893-2:n:03/14/2017:FC/tgw LRS2017-1158R1 HB478 By Representative Scott RFD Jefferson County Legislation Rd 1 06-APR-17 A BILL TO BE ENTITLED AN ACT Relating to Jefferson County and the General Retirement System for Employees of the county; to amend Sections 45-37-123.01 and 45-37-123.50, Code of Alabama 1975, to provide that employees of the retirement system are eligible to become members of the retirement system and to provide that a part-time employee who occupies a position in the civil service system of the county would have the option to become a member of the retirement system by filing a declaration with the pension board. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 45-37-123.01, Code of Alabama 1975, is amended to read as follows: §45-37-123.01. "For the purposes of this part, the following terms shall have the following meanings: "(1) ACT. The act adding this part, to be called the General Retirement System for Employees of Jefferson County Act. "(2)...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB478.htm - 32K - Match Info - Similar pages
SB358
SB358 By Senators Shelnutt and Smitherman ENROLLED, An Act, Relating to Jefferson County and the General Retirement System for Employees of the county; to amend Sections 45-37-123.01 and 45-37-123.50, Code of Alabama 1975, to provide that employees of the retirement system are eligible to become members of the retirement system and to provide that a part-time employee who occupies a position in the civil service system of the county would have the option to become a member of the retirement system by filing a declaration with the pension board. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 45-37-123.01, Code of Alabama 1975, is amended to read as follows: §45-37-123.01. "For the purposes of this part, the following terms shall have the following meanings: "(1) ACT. The act adding this part, to be called the General Retirement System for Employees of Jefferson County Act. "(2) ACTIVE MEMBER. An individual that currently is employed by the county and is making employee...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB358.htm - 32K - Match Info - Similar pages
HB326
Rep(s). By Representative Wood HB326 ENGROSSED A BILL TO BE ENTITLED AN ACT Relating to retirement benefits; to amend Sections 16-25-14, 16-25-21, 36-27-16, and 36-27-24, Code of Alabama 1975; to allow Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer to retire with full benefits upon completion of 25 years of service; to increase the benefit multiplier used to determine retirement allowances for local firefighters and law enforcement officers, with an option for local employers participating in the Employees' Retirement System to opt out of this increase by adopting a resolution on or before September 30, 2017; and to provide that Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer to contribute eight and one-quarter percent of his or her earnable compensation to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB326.htm - 87K - Match Info - Similar pages
|