HB190 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
State Personnel Board, adoption of tax deferred annuity and deferred compensation programs for participating employees, Sec. 36-26-14 am'd
Description
<p class="bill_description"> Under existing law, the State of Alabama
Personnel Board is authorized to adopt a plan
recommended by the employees of the State of
Alabama through the Alabama State Employees
Association providing for tax deferred annuity and
deferred compensation programs for the salaried
employees of the State of Alabama and arrange for
efficient administrative services through the
Alabama State Employees Association or its
designated agent</p><p class="bill_description">
This bill would authorize the State of
Alabama Personnel Board to adopt a plan providing
for such tax deferred annuity and deferred
compensation programs for employees of counties,
cities, towns, or any subdivision that may
participate, and arrange for efficient
administrative investments and professional
services</p><p class="bill_description">
This bill would allow retired program
participants to have their monthly insurance
premiums deducted from their deferred compensation
distribution in accordance with the Internal
Revenue Service guidelines</p><p class="bill_entitled_an_act"> To amend Section 36-26-14, Code of Alabama 1975,
relating to the tax deferred annuity and deferred compensation
programs for the salaried employees of the State of Alabama to
authorize the State of Alabama Personnel Board to adopt a plan
providing for tax deferred annuity and deferred compensation
programs for state, city, and county employees or public
organizations of the state or any political subdivision
thereof; to arrange for efficient administrative investments
and professional services; and to allow participants to have
their monthly insurance premiums deducted from their deferred
compensation distribution.
</p>
Subjects
State Personnel Board
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 17, 2012 | Hill motion to Indefinitely Postpone adopted Voice Vote | |
| April 17, 2012 | Hill motion to Substitute SB272 for HB190 adopted Voice Vote | |
| April 17, 2012 | Motion to Adopt adopted Roll Call 866 | |
| April 17, 2012 | Hill Amendment Offered | |
| April 17, 2012 | Motion to Adopt adopted Roll Call 865 | |
| April 17, 2012 | State Government Amendment Offered | |
| April 17, 2012 | Third Reading Indefinitely Postponed | |
| February 23, 2012 | Read for the second time and placed on the calendar 1 amendment | |
| February 7, 2012 | Read for the first time and referred to the House of Representatives committee on State Government |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB190 Alabama 2012 Session - Introduced |