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.
Pending third reading on day 30 Favorable from Finance and Taxation Education
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 629
Motion to Adopt adopted Roll Call 628
State Government 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 State Government
Source: Alabama Legislature