HB446 Alabama 2010 Session

Updated Jul 26, 2021

House Bill

Expired

Current Status

Regular Session 2010

Session

3

Summary

Primary Sponsor: Randy Wood Representative
Republican
Co-Sponsors: Duwayne Bridges Richard J. Laird
Session: Regular Session 2010
Title: Alabama Firefighters Annuity and Benefit Fund, established, voluntary participation established for paid and volunteer firefighters, board of commissioners to administer, investment of assets by Employees' Retirement System, qualified service, disability and death benefits, annual audits and reports, voluntary contributions of policyholders of property and casualty insurance, duties to Insurance Department
Description: This bill would create the Alabama Firefighters Annuity and Benefit Fund for paid and volunteer firefighters. Participation would be voluntary and in addition to any other benefit provided by law.
The bill would provide for a board of commissioners to administer the act and the fund created by the act. Assets in the fund would be invested and reinvested by the Employees' Retirement System of Alabama.
The bill would provide for qualified service, the process for applying for and receiving benefits, the management of the fund, refunds for members who leave the fund, disability and death benefits, voluntary fees to finance the fund, annual audits and reports of the fund, and administrative duties of the board.
Subjects: Firefighters

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