SB364 Alabama 2013 Session

Updated Feb 25, 2026

Summary

Primary Sponsor: J.T. WaggonerSenator
Republican
Session: Regular Session 2013
Title: Jefferson Co., co. employees, General Retirement System reenacted, numerous acts repealed
Summary: SB364 reenacts and restates Jefferson County's General Retirement System for Employees, updating definitions, governance, contributions, and benefits while repealing older laws.
What This Bill Does
The bill restates the General Retirement System for Jefferson County as a defined benefit plan, replacing obsolete provisions and aligning with federal tax rules. It creates a five-member Pension Board to run the plan, sets how the plan is funded through 6% employee contributions and 6% employer contributions, and allows for plan amendments to stay compliant with federal law. It also defines eligibility, how service time is credited, and the formula for retirement, disability, and death benefits, including joint-survivor options and rollovers.

Who It Affects
Jefferson County Employees (including hospital employees) who are subject to membership or may elect to join the retirement system; they would contribute 6% of their compensation and have eligibility rules, service credits, and potential conversions of unpaid time.
Current and future Members and Beneficiaries (active and retired) who receive benefits or are designated to receive benefits; they would be governed by defined benefit formulas, disability and death benefits, joint-survivor options, and beneficiary designations.

Key Provisions
Provision 1: The Plan for The General Retirement System for Employees of Jefferson County is restated as a defined benefit plan, repealing obsolete acts and incorporating required federal tax laws, rules, and regulations; it covers definitions, administration, eligibility, contributions, amendments, valuation, and termination.
Provision 2: A five-member Pension Board is established to administer the Plan, with specified appointment methods, duties, and investment authority; the Board may amend the Plan to comply with federal law, and the County and employees contribute to the Trust Fund (6% each) to keep the Plan actuarially sound.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Jefferson County