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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
HB377
Rep(s). By Representatives Treadaway and Clouse HB377 ENROLLED, An Act, To amend Section 36-27-1,
Code of Alabama 1975, relating to the Employees' Retirement System, to revise the definition
of "state policeman"; and to remove the separate calculation of employer contribution
percentage rate made to the Pension Accumulation Fund by the employer for state policemen.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section 36-27-1, Code of Alabama 1975,
is hereby amended to read as follows: §36-27-1. "When used in this article, the following
terms shall have the following meanings, respectively, unless the context clearly indicates
otherwise: "(1) RETIREMENT SYSTEM. The Employees' Retirement System of Alabama as defined
in Section 36-27-2. "(2) EMPLOYEE. Any regular employee of the State of Alabama whose
salary is paid by state warrant by the state, except a member of the Legislature of the state,
a person who is covered or eligible to be covered under the Teachers' Retirement...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB377.htm - 8K - 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
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
HB427
184260-1:n:03/16/2017:KBH/mfc LRS2017-1004 HB427 By Representatives Ledbetter, Shedd, McCutcheon,
Patterson, Pettus, Whorton (R), Wood, Sanderford, Farley, Rowe, Butler and Harbison RFD State
Government Rd 1 16-MAR-17 SYNOPSIS: Under existing law, a Tier II correctional officer, firefighter,
or law enforcement officer is eligible for full retirement benefits if he or she retires after
the age of 56 with at least 10 years of creditable service as a correctional officer, firefighter,
or law enforcement officer. This bill would allow Tier II members of the Employees' Retirement
System or the Teachers' Retirement System employed as a local correctional officer, firefighter,
or law enforcement officer to retire with full retirement benefits upon completion of 25 years
of service. The bill would also increase the contribution rate of the earnable compensation
of Tier II members of the Employees' Retirement System or the Teachers' Retirement System
employed as a local correctional officer,...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB427.htm - 93K - 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
SB333
175381-2:n:02/21/2017:PMG/tgw LRS2016-1013R1 SB333 By Senator Chambliss RFD Finance and Taxation
Education Rd 1 16-MAR-17 SYNOPSIS: Under existing law, a Tier II correctional officer, firefighter,
or law enforcement officer is eligible for full retirement benefits if he or she retires after
the age of 56 with at least 10 years of creditable service as a correctional officer, firefighter,
or law enforcement officer. This bill would 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 retirement benefits upon completion of 25 years
of service. The bill would also 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 shall contribute eight and one-quarter percent of his or her earnable
compensation to the retirement system. A BILL TO...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB333.htm - 87K - 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
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
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