HB200 Alabama 2018 Session

Summary

Primary Sponsor

John F. Knight Jr

Democrat

Session

Regular Session 2018

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

HB 200 would allow Clerks' and Registers' Supernumerary Fund members to transfer their creditable service and contributions to TRS, ERS, or JRF.

What This Bill Does

The bill would let a member of the Clerks' and Registers' Supernumerary Fund move their service credits and contributions to the Teachers' Retirement System, Employees' Retirement System, or Judicial Retirement Fund. The member must notify the receiving system's Board of Control within one year after joining that system and authorize the transfer. The member would pay the actuarially determined cost minus their contributions to receive credit for the transferred service, and the receiving system would grant that credit. If retirement occurs within five years after the transfer, the pension for that service cannot be greater than what it would have been if they had stayed in the original fund; the act takes effect on the first day of the third month after approval.

Who It Affects

• Members of the Clerks' and Registers' Supernumerary Fund, who would gain a new option to transfer their service credits and contributions to TRS, ERS, or JRF.
• The retirement systems (TRS, ERS, JRF) and their Boards of Control, which would administer transfers, determine costs, and credit service accordingly.

Key Provisions

• Amends Sections 12-18-110, 16-25-4, and 36-27-12.1 to allow transfers of creditable service and accumulated contributions from the Clerks' and Registers' Supernumerary Fund to TRS, ERS, or JRF.
• A member desiring to transfer must notify the receiving system's Board of Control within one year after becoming a member of that system and authorize the transfer.
• The transfer requires payment of the actuarially determined cost minus the contributions already paid by the member to receive credit for the transferred service.
• The transferring board certifies the relevant service credits and contributions to the receiving system, which then credits the member accordingly.
• If retirement occurs within five years after the transfer, the pension for that service cannot exceed 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 its 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