SB397 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Tuscaloosa Co., retirement system for police officers and firefighters, pension benefits, member contribution, Act 99-568, 1999 Reg. Sess., am'd.
Description
<p class="bill_entitled_an_act"> Relating to the City of Tuscaloosa in Tuscaloosa
County; to amend Act 99-568 of the 1999 Regular Session (Acts
1999, p. 1220), as amended, providing for a retirement system
for police officers and firefighters; to amend Section 4.01
relating to age and years of service at which plan members
acquire a nonforfeitable right to receive a monthly pension
benefit; Section 4.04 relating to continuing pension benefits
for the surviving spouse and dependent children of deceased
retirees; Section 6.03 relating to Member Contributions;
Section 6.05 relating to City Contributions (non picked-up);
and Section 7.14 relating to the Deferred Retirement Option
Plan (DROP); to provide for certain benefits for persons
becoming members of the plan after the effective date of this
amendatory act and for their surviving spouses and dependent
children; to provide an increase in the percentage of
contributions; and to increase the DROP period to five years.
</p>
Subjects
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 20, 2014 | S | Read for the first time and referred to the Senate committee on Local Legislation No. 1 |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB397 Alabama 2014 Session - Introduced |