SB292 Alabama 2010 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Teachers' Retirement System and Employees' Retirement System, pension accumulation fund, accrued liability contribution rate authorized to be computed by Board of Control over 30-year period, Sec. 16-25-21, 36-27-24 am'd.
Description
<p class="bill_description"> Currently the accrued liability
contribution rate for the Teachers' Retirement
System and 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</p><p class="bill_entitled_an_act"> To amend Sections 16-25-21 and 36-27-24, Code of
Alabama, 1975 to increase the maximum funding period for which
the accrued liability contribution is calculated for the
Teachers' Retirement System and the Employees' Retirement
System from 20 years to 30 years.
</p>
Subjects
Employees' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 11, 2010 | Assigned Act No. 2010-221. | |
| March 11, 2010 | Enrolled | |
| March 11, 2010 | Signature Requested | |
| March 11, 2010 | Passed Second House | |
| March 11, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 552 | |
| March 11, 2010 | Third Reading Passed | |
| March 3, 2010 | Read for the second time and placed on the calendar | |
| February 16, 2010 | Read for the first time and referred to the House of Representatives committee on Education Appropriations | |
| February 16, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 243 | |
| February 16, 2010 | Third Reading Passed | |
| February 11, 2010 | Read for the second time and placed on the calendar | |
| January 19, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB292 Alabama 2010 Session - Introduced |
| Bill Text | SB292 Alabama 2010 Session - Enrolled |