SB217 Alabama 2017 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Del Marsh
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: SB217 would revise who sits on Alabama's Board of Control for the Employees' Retirement System and change how members are chosen.
What This Bill Does
The bill rewrites the Board of Control's membership, adding new categories of trustees and new methods to select them (some by statewide election, some by appointment, including from the Governor, Senate President Pro Tempore, and the Speaker). It sets terms for most seats (primarily four years) and provides transition rules for these positions and vacancy processes. It requires candidates to have expertise in finance, accounting, economics, or related fields and calls for public procedures and records. It also maintains the Board's authority to elect a Secretary-Treasurer, hire actuarial and medical services, publish annual reports, and manage retirement system funds under the Attorney General's guidance.

Who It Affects
Active participants in the Employees' Retirement System (state employees, municipal/county/public agency employees, and participating employers) who gain new or reorganized representation on the Board through elections and appointments.
Retired beneficiaries and former employees who receive retirement benefits (retired state employees and retirees from cities/counties/public agencies) who gain representation through elected seats and related Board processes.

Key Provisions
Amends Section 36-27-23 to revise the Board of Control membership and governance.
Adds new trustee categories and selection methods, including ex officio, governor-appointed, statewide employee elections, and appointments by legislative leaders.
Establishes four-year terms for most seats and outlines transition for existing trustees.
Provides vacancy procedures, including Board appointments from a list of three retired employees for certain vacancies.
Sets qualification requirements for candidates (finance/accounting/economics/related expertise) and requires public disclosure of procedures.
Requires the Board to elect a Secretary-Treasurer, hire actuarial and medical services as needed, maintain records, publish annual financial reports, and operate under the Attorney General as legal adviser.
Effective date is immediate upon the 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 Systems