Currently, contributions made for retirement for state policemen are based on earnable compensation as defined by law, which does not specifically include overtime payments
This bill would amend current law to clarify that overtime payments made to state policemen are part of earnable compensation for purposes of calculating retirement benefits
To amend Sections 36-21-4 and 36-27-1, Code of Alabama 1975, relating to retirement benefits for state policemen; to clarify that earnable compensation shall include amounts paid as overtime payments to those officers; to provide that the act is declaratory of existing law; to provide an effective date of September 1, 2011, and to allow contributions to be made not later than September 30, 2012, for any amounts not contributed after September 1, 2011.
|February 9, 2012
|Read for the first time and referred to the Senate committee on Judiciary
|SB265 Alabama 2012 Session - Introduced