SB244 Alabama 2010 Session
Updated Jul 26, 2021
SB244 Alabama 2010 Session
Senate Bill
In Committee
Current Status
Regular Session 2010
Session
1
Sponsor
Summary
- Primary Sponsor
-
Hank SandersDemocrat - Session
- Regular Session 2010
- Title
- Teachers' Retirement System, pension accumulation fund, accrued liability contribution rate authorized to be computed by Board of Control over a 30-year period, Sec. 16-25-21 am'd.
- Description
Currently the accrued liability contribution rate for the Teachers' 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
- Teachers' Retirement System
Bill Actions
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature