HB295 Alabama 2017 Session

Summary

Primary Sponsor

Connie C. Rowe

Republican

Session

Regular Session 2017

Title

Retirement System, Board of Control, Employees' Retirement System of Alabama, membership revised, technical changes made, Sec. 36-27-23 am'd.

Summary

HB295 would overhaul the membership and selection rules for the Board of Control of the Employees' Retirement System of Alabama.

What This Bill Does

It rewrites who can sit on the Board and how they are chosen, moving from many governor-appointed seats to a mix of one governor-appointed member and multiple elected or legislatively appointed representatives from state employees, retirees, and other participating groups. It establishes four-year terms for most members, sets statewide election processes for several seats, and creates vacancy rules. It also keeps core board duties like appointing a Secretary-Treasurer, hiring actuaries and medical review, and publishing annual financial reports, but with new procedures and eligibility requirements for candidates.

Who It Affects

• Active state employees and state agencies: new or revised seats and election/appointment rules affecting who represents employees on the Board.
• Retired state and local government employees and employees of participating municipalities, counties, and public agencies: new or revised seats and election/appointment rules affecting their representation on the Board.

Key Provisions

• Governor's appointment power reduced: from three governor-appointed trustees (before the act) to one governor-appointed trustee (after the act).
• New elected seats for representation: two members from the State Employees' Retirement System elected by statewide ballot; additional elected seats for retirees, municipal/county/public agency employees, and other participating employers, with specified four-year terms.
• Appointment by Legislature leadership for some seats: certain seats would be filled by the President Pro Tempore of the Senate and the Speaker of the House.
• Vacancy rules and qualifications: vacancies filled in specified ways; candidates must show expertise in finance, accounting, economics, or related fields, and procedures for qualification are public records.
• Board duties and governance: Board continues to appoint a Secretary-Treasurer, hire actuaries and medical committees as needed, keep records, publish annual financial reports, and set rules for administration.

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

Subjects

Retirement Systems