SB376 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Retirement Systems of Alabama, annual report and actuarial report of Bds. of Control of ERS and TRS, additional information required, adoption of investment reporting standards required, Secs. 16-25-19, 36-27-23 am;d.
Description
<p class="bill_description"> Under current law, the Boards of Control of
the Teachers’ Retirement System and the Employees’
Retirement System are required to report certain
information annually and designate an actuary to
make a valuation of each system annually. This bill
specifies information that must be included in the
annual report and actuarial report and requires the
Boards of Control to adopt certain reporting
standards for investments</p><p class="bill_entitled_an_act"> Relating to retirement; to amend Section 16-25-19,
Code of Alabama 1975, relating to the administration of the
Teachers’ Retirement System to provide information that must
be included in annual reports of the system and actuarial
valuations of the system and to provide that the Board of
Control of the system shall adopt certain investment reporting
standards; and to amend Section 36-27-23, Code of Alabama
1975, relating to the administration of the Employees’
Retirement System to provide information that must be included
in annual reports of the system and actuarial valuations of
the system and to provide that the Board of Control of the
system shall adopt certain investment reporting standards.
</p>
Subjects
Retirement Systems
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 28, 2016 | S | Indefinitely Postponed |
| April 20, 2016 | S | Read for the second time and placed on the calendar |
| April 5, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 20, 2016 | Room 727 **Revised Public Hearing Added** at 15:00 | Senate FR&ED Hearing |
| Hearing | April 20, 2016 | Room 727 at 15:00 | Senate FR&ED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB376 Alabama 2016 Session - Introduced |