Under existing law, the Retirement Systems of Alabama is the administrator of the pension fund for employees of the State of Alabama, public education employees, and certain local public employees.
This bill would require the Retirement Systems of Alabama to contract for a biannual audit of its investment portfolio to be performed by an independent auditing firm which customarily audits retirement systems and provide for the reporting of the audit to the Legislature.
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Engrossed
Cosponsors Added
Motion to Read a Third Time and Pass adopted Roll Call 1185
Motion to Adopt adopted Roll Call 1184
Ways and Means General Fund first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Source: Alabama Legislature