HB180 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: Craig Ford
Independent
Session: Regular Session 2012
Title: Retirement, DROP reestablished, exceptions, Secs. 16-25-150, 36-27-170 am'd; Act 2011-27, 2011 Reg. Sess. am'd
Description: Currently, members of the Teachers' Retirement System and the Employees' Retirement System may not be new participants in the DROP Program after April 1, 2011, which also imposes limits on interest that could be paid on DROP accounts.
This bill would reestablish DROP and would remove limits on interest that could be paid on DROP accounts.
Subjects: Retirement

Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund