HB 249

Session
Regular Session 2018
Title
Employees' Retirement System, local units, one-time payment, provisions of Act 2017-367 extended to allow local participating units add'l time to elect to come under act
Description

Act 2017-367 provided for a one-time lump-sum addition to the retirement benefits of certain retirees and beneficiaries of the Employees' Retirement System and gave local units participating in the Employees' Retirement System the option to come under the provisions of the act

This bill would extend the provisions of Act 2017-367 to allow local units additional time to elect to come under the act's provisions

Relating to retirement; to extend the provisions of Act 2017-367 to allow local units participating in the Employees' Retirement System additional time to elect to come under the provisions of the act.

Subjects
Employees' Retirement System
View Original PDF: HB 249 - Introduced - PDF

Act 2017-367 provided for a one-time lump-sum addition to the retirement benefits of certain retirees and beneficiaries of the Employees' Retirement System and gave local units participating in the Employees' Retirement System the option to come under the provisions of the act

This bill would extend the provisions of Act 2017-367 to allow local units additional time to elect to come under the act's provisions

Relating to retirement; to extend the provisions of Act 2017-367 to allow local units participating in the Employees' Retirement System additional time to elect to come under the provisions of the act.

Section 1

The provisions of Act 2017-367 as they apply to employers participating in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1, Code of Alabama 1975, shall be extended if a participating employer elects to come under the provisions of Act 2017-367 by official resolution on or before October 31, 2018. Upon such election by official resolution on or before October 31, 2018, the lump-sum payments provided under Act 2017-367 shall be paid to all eligible recipients who are entitled to receive a lump-sum payment under Act 2017-367 and are receiving a benefit as of April 1, 2018, by the Employees' Retirement System in December 2018. Any employer making such election shall bear the cost of the lump-sum payment paid to its retirees, as provided in Act 2017-367.

Section 2

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.

No articles found.
Action Date Chamber Action
March 27, 2018HForwarded to Governor on March 27, 2018 at 6:09 p.m. on March 27, 2018.
March 27, 2018HForwarded to Governor on March 27, 2018 at 6:09 p.m. on March 27, 2018.
March 27, 2018HAssigned Act No. 2018-563.
March 27, 2018HClerk of the House Certification
March 27, 2018HEnrolled
March 27, 2018SSignature Requested
March 27, 2018HPassed Second House
March 27, 2018SMotion to Read a Third Time and Pass adopted Roll Call 1193
March 27, 2018SThird Reading Passed
March 21, 2018SRead for the second time and placed on the calendar
March 6, 2018SRead for the first time and referred to the Senate committee on Finance and Taxation General Fund
February 27, 2018HMotion to Read a Third Time and Pass adopted Roll Call 481
February 27, 2018HThird Reading Passed
February 1, 2018HRead for the second time and placed on the calendar
January 18, 2018HRead for the first time and referred to the House of Representatives committee on Ways and Means General Fund
2018-03-27
Chamber: Senate
Result: Passed
2018-02-27
Chamber: House
Result: Passed