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HB289 Alabama 2010 Session

Updated Jul 26, 2021
HB289 Alabama 2010 Session
House Bill
Expired
Current Status
Regular Session 2010
Session
3
Sponsors

Summary

Session
Regular Session 2010
Title
Employees' Retirement System, pension accumulation fund, accrued liability contribution rate authorized to be computed by Board of Control over 30-year period, Sec. 36-27-24 am'd.
Description

Currently the accrued liability contribution rate for the Employees' Retirement System is computed by the actuary over a period of not less than 10 nor more than 20 years. This bill would increase the funding period to no more than 30 years.

Subjects
Employees' Retirement System

Bill Actions

Read for the first time and referred to the House of Representatives committee on Government Appropriations

Bill Text

Documents

Source: Alabama Legislature