SB388 Alabama 2012 Session
Bill Summary
Under existing law, retirement benefits are provided to public employees through the Teachers' Retirement System and the Employees' Retirement System
This bill will establish a new defined benefit retirement plan for any public employee who is first hired on or after January 1, 2013, by an employer who participates in the Teachers' Retirement System or the Employees' Retirement System
To amend Sections 16-25-1, 16-25-3, 16-25-11.1, 16-25-14, 16-25-21, 36-26-36.1, 36-27-1, 36-27-4, 36-27-16, 36-27-24 and 36-27-59, Code of Alabama 1975, relating to retirement benefits for employees who are members of the Teachers' Retirement System or the Employees' Retirement System, to establish a new defined benefit retirement plan for employees who first become a member of either system on or after January 1, 2013; to require those employees to pay a percentage of their salary into the new plan; to establish minimum age and service requirements in order for those employees to retire under the new plan; and to provide for the administration of the new plan by the Retirement Systems of Alabama.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 8, 2012 | Forwarded to Governor on May 8, 2012 at 7:20 p.m. on May 8, 2012 | |
| May 8, 2012 | Assigned Act No. 2012-377. | |
| May 8, 2012 | Enrolled | |
| May 8, 2012 | Signature Requested | |
| May 8, 2012 | Passed Second House | |
| May 8, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1323 | |
| May 8, 2012 | Third Reading Passed | |
| April 19, 2012 | Read for the second time and placed on the calendar | |
| April 12, 2012 | Read for the first time and referred to the House of Representatives committee on State Government | |
| April 12, 2012 | Engrossed | |
| April 10, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 548 | |
| April 10, 2012 | Orr motion to Adopt adopted Roll Call 547 | |
| April 10, 2012 | Bedford 3rd Amendment Offered | |
| April 10, 2012 | Orr motion to Table adopted Roll Call 546. | |
| April 10, 2012 | Bedford 2nd Amendment Offered | |
| April 10, 2012 | Orr motion to Table adopted Roll Call 545.. | |
| April 10, 2012 | Bedford 1st Amendment Offered | |
| April 10, 2012 | Orr motion to Adopt adopted Roll Call 544 | |
| April 10, 2012 | Orr Amendment Offered | |
| April 10, 2012 | Orr motion to Adopt adopted Roll Call 543 | |
| April 10, 2012 | Finance and Taxation General Fund 2nd Amendment Offered | |
| April 10, 2012 | Orr motion to Table adopted Voice Vote | |
| April 10, 2012 | Finance and Taxation General Fund 1st Amendment Offered | |
| April 10, 2012 | Third Reading Carried Over to Call of the Chair | |
| April 10, 2012 | Marsh motion to Carry Over to the Call of the Chair Granted | |
| April 10, 2012 | Third Reading Passed | |
| March 22, 2012 | Read for the second time and placed on the calendar 2 amendments | |
| March 8, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB388 Alabama 2012 Session - Enrolled |
| Bill Text | SB388 Alabama 2012 Session - Engrossed |
| Bill Text | SB388 Alabama 2012 Session - Introduced |