HB59 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Retirement under Employees' Retirement System and Teachers' Retirement System, Deferred Retirement Option Plan (DROP) repealed, participants electing DROP prior to effective date not affected, Secs. 16-25-150, 16-25-151, 16-25-152, 16-25-153, 16-25-154, 36-27-170, 36-27-171, 36-27-172, 36-27-173, 36-27-174, 36-27-175 repealed
Description
This bill would repeal the Deferred Retirement Option Plan ("DROP"), Article 9 of Chapter 25 of Title 16 and Article 9 of Chapter 27 of Title 36, and would provide that the rights and duties of persons who have elected to participate in DROP prior to such repeal shall not be affected by such repeal. The bill would provide for an effective date
To repeal the Deferred Retirement Option Plan ("DROP"); to provide that the rights and duties of persons who have elected to participate in DROP prior to such repeal shall not be affected by such repeal; and to provide for an effective date.
Subjects
Retirement
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 24, 2011 | Mask motion to Indefinitely Postpone adopted Voice Vote | |
| March 24, 2011 | Third Reading Indefinitely Postponed | |
| March 3, 2011 | Read for the second time and placed on the calendar with 1 substitute and 1 amendment | |
| March 1, 2011 | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB59 Alabama 2011 Session - Introduced |