HB351 Alabama 2017 Session

Summary

Primary Sponsor

John F. Knight Jr

Democrat

Session

Regular Session 2017

Title

Retirement, transfer of funds from Clerks' and Registers' Supernumerary Fund, Secs. 12-18-110, 16-25-4, 36-27-12.1 am'd.

Summary

HB351 would allow members of the Clerks' and Registers' Supernumerary Fund to transfer their creditable service and accumulated contributions to the Teachers' Retirement System, the Employees' Retirement System, or the Judicial Retirement Fund.

What This Bill Does

It creates a process for transferring service credits and contributions between retirement systems when a member moves between funds. Members must notify the receiving system within one year of becoming a member there and pay the actuarially determined cost minus their contributions, after which the receiving system would credit the member accordingly. If the transfer involves TRS or ERS and the member retires within five years, the pension for the transferred service cannot be greater than what it would have been if they had stayed in their original fund. The bill also codifies similar transfer mechanics among the Judicial Retirement Fund, TRS, ERS, and Clerks' and Registers' Supernumerary Fund.

Who It Affects

• Members of the Clerks' and Registers' Supernumerary Fund who may want to transfer their service credits and contributions to TRS, ERS, or the Judicial Retirement Fund.
• Members of the Teachers' Retirement System who, not more than one year before joining TRS, were previously in the Clerks' and Registers' Supernumerary Fund or the Employees' Retirement System, and who wish to transfer their credits to TRS (or receive credit for prior service).
• Members of the Employees' Retirement System who, not more than one year before joining ERS, were previously in the Clerks' and Registers' Supernumerary Fund or TRS, and who wish to transfer their credits to ERS (or receive credit for prior service).
• Current or former members of the Judicial Retirement Fund who were previously in the Clerks' and Registers' Supernumerary Fund or TRS/ERS and may transfer their service credits to the Judicial Retirement Fund.

Key Provisions

• Allows transfer of creditable service and accumulated contributions between the Clerks' and Registers' Supernumerary Fund and TRS, ERS, or the Judicial Retirement Fund.
• Transfers must be requested within one year after the member becomes part of the receiving retirement system, with authorization to transfer contributions to the new system.
• Transferring members must pay the full actuarially determined cost minus the amount of contributions already paid.
• The receiving retirement system certifies the transferred service and contributions to the other involved systems; the member is credited accordingly in the new system.
• If the member retires within five years after the transfer, the pension for the transferred service cannot be greater than what would have been payable if the member had remained in the original fund.
• The act becomes effective on the first day of the third month after passage and governor's approval.

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