HB466 Alabama 2016 Session
Bill Summary
Currently, members of the Retirement Systems of Alabama are allowed to make contributions to individual retirement accounts administered by the Retirement Systems of Alabama. This bill would require all new employees, beginning January 1, 2017, to contribute monthly to such individual retirement accounts and provides opt-out provisions
Relating to individual retirement accounts; to amend Section 36-27A-5, Code of Alabama 1975, relating to contributions to individual retirement accounts administered by the Retirement Systems of Alabama to require public employees first employed by a participating employer of the Teachers’ Retirement System, Employees’ Retirement System, or Judicial Retirement Fund on or after January 1, 2017 to make contributions to such individual retirement accounts and to provide opt-out provisions.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 3, 2016 | S | Pending third reading on day 30 Favorable from Finance and Taxation Education |
| May 3, 2016 | S | Read for the second time and placed on the calendar |
| April 26, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| April 19, 2016 | H | Engrossed |
| April 19, 2016 | H | Motion to Read a Third Time and Pass adopted Roll Call 629 |
| April 19, 2016 | H | Motion to Adopt adopted Roll Call 628 |
| April 19, 2016 | H | State Government first Substitute Offered |
| April 19, 2016 | H | Third Reading Passed |
| April 7, 2016 | H | Read for the second time and placed on the calendar with 1 substitute and |
| March 23, 2016 | H | Read for the first time and referred to the House of Representatives committee on State Government |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 28, 2016 | Room 727 at 09:00 | Senate F&TE Hearing |
| Hearing | April 7, 2016 | Room 429 at 00:00 | House SG Hearing |
| Hearing | April 7, 2016 | Room 429 at 08:30 | House SG Hearing |
| Hearing | April 6, 2016 | REVISED FOR PUBLIC HEARINGS Room 429 at 15:00 | House SG Public Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB466 Alabama 2016 Session - Introduced |