HB428 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

Description

<p class="bill_description"> Currently, members 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 provide that under certain circumstances such persons would forfeit retirement benefits, and be entitled to a refund of his or her retirement contributions plus applicable interest, upon a guilty plea, a plea of no contest, or a final conviction of a felony offense related to the person's public position in Alabama</p><p class="bill_entitled_an_act"> To provide 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, under certain circumstances, shall forfeit the right to retirement benefits, and shall be entitled to a refund of his or her retirement contributions plus applicable interest upon a guilty plea, a plea of no contest, or a final conviction of a felony offense related to the person's public position; and a retired member receiving benefits shall have his or her benefits suspended and receive a partial refund of contributions and interest upon such a plea or a final conviction. </p>

Subjects

Employees' Retirement System