SB261 Alabama 2016 Session

Updated Feb 27, 2026

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Summary

Primary Sponsor: Shay ShelnuttSenator
Republican
Session: Regular Session 2016
Title: Jefferson Co., Retirement System, Pension Board, membership revised, Act 2013-415, 2013 Reg. Sess., am'd; Sec. 45-37-123.21 am'd.
Summary: SB261 amends Jefferson County's General Retirement System to require Member One of the Pension Board to have at least 10 years of executive experience in insurance, investment management/consulting, or actuarial work.
What This Bill Does
If enacted, the bill adds a professional experience requirement for the chair (Member Number One) of the Jefferson County Pension Board. It specifies that the chair must have at least 10 years of executive-level experience in insurance, investment management/consulting, or actuarial work. The bill retains the existing five-member board structure and term provisions, and it becomes law immediately after passage and the governor's approval.

Who It Affects
Member number one of the Jefferson County Pension Board — must meet the new 10-year executive experience requirement in the specified fields.
The county government (appointing authority) and potential candidates for Member One — must ensure that the appointee meets the new qualification and may affect who is eligible to serve as chair.

Key Provisions
Amends Section 45-37-123.21 to require that Member Number One have a minimum of 10 years' experience in an executive capacity in insurance, investment management/consultant, or actuarial work.
Maintains the board structure of five members with the same designations and term framework, including the initial one-year term for Member One followed by three-year terms.
Effective date: the act becomes effective immediately following its passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Jefferson County