SB187 Alabama 2016 Session
Bill Summary
Under existing law, the State Personnel Board has established a tax deferred compensation plan for employees of the state or a municipality, county, or other public entity electing to participate in the plan.
This bill would authorize entities participating in the plan to enroll employees in the plan upon employment for a certain amount per pay period with an option to opt out of the plan within 90 days after enrollment.
To amend Section 36-26-14, Code of Alabama 1975, as amended by Act 2015-83, providing for the establishment of a tax deferred compensation plan by the State Personnel Board, to authorize entities participating in the plan to enroll employees in the plan upon employment for a certain amount per pay period with provisions for the employee to opt out under certain conditions.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 28, 2016 | S | Indefinitely Postponed |
| March 1, 2016 | S | Pending third reading on day 12 Favorable from Fiscal Responsibility and Economic Development with 1 amendment |
| March 1, 2016 | S | Read for the second time and placed on the calendar 1 amendment |
| February 9, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB187 Alabama 2016 Session - Introduced |
Source: Alabama Legislature