SB428 Alabama 2011 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Paul Sanford
Republican
Session: Regular Session 2011
Title: Retirement, participation further provided for in Teachers' Retirement System and Employees' Retirement System, Secs. 16-25-3, 36-27-4 am'd.
Description: Under existing law, all teachers and education employees must become members of the Teachers' Retirement System (TRS) as a condition of their employment.
This bill would provide that current TRS members may elect to discontinue membership in the system and would require that such member may not withdraw contributions and interest until separation from employment or upon retirement.
This bill would allow new employees to elect not to be covered in the membership of the TRS.
Under existing law, all state employees must become members of the Employees' Retirement System (ERS) as a condition of their employment.
This bill would provide that current ERS members may elect to discontinue membership in the system and would require that such member may not withdraw contributions and interest until separation from employment or upon retirement.
This bill would allow new employees to elect not to be covered in the membership of the ERS.
Subjects: Retirement

Indefinitely Postponed

Read for the second time and placed on the calendar

Read for the first time and referred to the Senate committee on Finance and Taxation General Fund