HB67 Alabama 2010 Session

Summary

Primary Sponsor

Richard Lindsey

Democrat

Session

Regular Session 2010

Title

Teachers' Retirement System, School Superintendents of Alabama, executive officers and employees authorized to continue to participate

Summary

HB67 lets the executive officers and employees of the School Superintendents of Alabama continue in the Teachers' Retirement System independently, rather than only through affiliation with another council.

What This Bill Does

If the School Superintendents of Alabama’s governing body passes a resolution, its executive officers and employees may remain in TRS with benefits. The organization would pay employer costs and contributions would be made from salaries, monthly along with employee contributions. Benefits are limited to what has been paid by the employee and employer plus investment gains, minus administration costs, with no cost to the State of Alabama; current employees covered under existing TRS provisions may continue enrollment with all earned credits.

Who It Affects

• Executive officers and employees of the School Superintendents of Alabama who would be eligible to continue participating in the Teachers' Retirement System independently and receive TRS benefits, with employer costs paid by the organization.
• The School Superintendents of Alabama as an organization (the governing body), which would elect by resolution to implement this change and would handle employer contributions and enrollment for its staff.

Key Provisions

• The governing body of the School Superintendents of Alabama may, by resolution, elect to allow its executive officers and employees to continue eligibility to participate in the Teachers' Retirement System independently of the Council for Leaders in Alabama Schools.
• If elected, the School Superintendents of Alabama will pay employer costs, with contributions from salaries, to be made monthly at the same time as employees' TRS contributions, in accordance with Section 16-25-21.
• Benefits payable under this provision are limited to the amounts contributed by the employee and employer plus investment gains, minus administrative costs, with no cost to the State of Alabama.
• Employees already covered under TRS under Section 16-25-10.2 may continue enrollment with all TRS credits earned.
• The act becomes effective immediately upon passage and approval.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Teachers' Retirement System