HB224 Alabama 2012 Session

Sponsors

Session

Regular Session 2012

Title

Employees' Retirement System, Teachers' Retirement System, or Judicial Retirement Fund, certain active or retired members, forfeiture of employer-paid portion and interest thereon of retirement benefits upon conviction of certain felony offenses, immunity from civil or criminal liability for retirement systems officers and employees for certain actions taken, reimbursement to employer for costs of illegal activity

Description

<p class="bill_description"> Currently, employees and officers of the Teachers' Retirement System, the Employees' Retirement System, and the Judicial Retirement Fund who are convicted of a felony offense may continue to receive their public retirement benefits</p><p class="bill_description"> This bill would require that such persons would forfeit to the employer the employer-paid portion and the interest or gains on the employer-paid portion of his or her retirement benefits upon a guilty plea, a plea of no contest, or a final conviction of a felony offense related to the performance of his or her duties of office, in a court of this state or any other state of the United States, or in a United States federal court</p><p class="bill_description"> This bill would provide that forfeited benefits be applied to reimburse for damages caused by the employee's illicit action, with any actual damages to be applied by the employer at the employer's discretion</p><p class="bill_entitled_an_act"> To require that any person who is a member of the Employees' Retirement System, the Teachers' Retirement System, or the Judicial Retirement Fund, either an active or inactive member who has an accrued retirement benefit or a retired member, to forfeit to the employer the employer-paid portion and the interest or gains on the employer-paid portion of his or her retirement benefits upon a guilty plea, a plea of no contest, or a final conviction of a felony offense related to the person's performance of his or her official duties in a court of this state or any other state of the United States or in a United States federal court; and to provide that forfeited benefit amounts be used to reimburse damages covered by the employee's illicit action, with any amounts exceeding actual damages to be applied by the employer as determined by the employer. </p>

Subjects

Employees' Retirement System