HB481 Alabama 2018 Session

Summary

Primary Sponsor

Randy Wood Representative

Republican

Session

Regular Session 2018

Title

Beneficiaries, permit Supernumerary Circuit Clerk or Register to change beneficiary, seek refund under certain circumstances, Secs. 12-17-142, 12-17-143 am'd.

Description

Under existing law, only the surviving spouse of a Supernumerary Circuit Clerk or Register is entitled to benefits payable from the Clerks' and Registers' Supernumerary Fund upon the death of the Supernumerary official.

This bill would allow benefits to be paid to a beneficiary other than a spouse; establish the benefits to be paid to a beneficiary other than a spouse; to amend Sections 12-17-142 and 12-17-143, Code of Alabama 1975 to allow a Circuit Clerk to change the spouse or other named beneficiary of the Fund; to allow a Circuit Clerk upon becoming eligible for supernumerary status the option to receive a refund of contributions paid into the Fund plus seventy-five percent of the accrued interest; and establish a plan for any remaining funds once all liabilities to the fund participants are met.

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Subjects

Beneficiaries