HB65 Alabama 2015 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Connie C. Rowe
Republican
Session: Regular Session 2015
Title: Peace Officers' Annuity and Benefit Fund, calculation of benefits, manner of, fees adjusted per recommendation of actuary, Secs. 36-21-68, 36-21-73 am'd.
Summary: HB65 allows the board to set member fees up to an actuary-recommended limit and requires benefit adjustments to follow the actuary’s guidance for the Alabama Peace Officers' Annuity and Benefit Fund.
What This Bill Does
It authorizes the board to set monthly member fees, starting at $20 and up to $40 per month as determined by the board based on the actuary’s advice. It requires new applicants to join within six months of passage, paying an initial $20 plus a $20 monthly amount set by the board on the actuary’s recommendation, with ongoing monthly fees as long as membership lasts. It also mandates annual-to-triennial actuarial valuations to decide how much can be paid, and then allows the board to adjust benefits up or down according to the actuary’s recommendations, with changes applying to current beneficiaries and no liability for fund shortfalls.

Who It Affects
Current and future Peace Officers who are or will be fund members: they would pay monthly fees (and possibly an initial amount for new members), face termination rules for nonpayment, and (if rejoining after termination) could lose credit for prior service.
Current beneficiaries and the fund administration: they could see adjustments to their benefits based on actuarial recommendations, and benefit changes would apply to all current recipients.

Key Provisions
36-21-68: membership fees start at $20 per month, up to $40 per month as determined by the Board based on the actuary's recommendation; six-month period for new applicants to join with $20 initial and $20 monthly (also set by the Board via actuary); nonpayment after 60 days triggers termination with refund options; terminated members rejoining may lose prior service credit.
36-21-73: the Board must have an actuary perform actuarial valuations every three years (or sooner); the Board may adjust annuities and benefits up or down as recommended by the actuary; any changes apply to all current recipients; there is no liability for deficiencies in payments due to pro rata reductions.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Peace Officers' Annuity and Benefit Fund