SB 215

Session
Regular Session 2018
Title
Employees' Retirement System, retirees, one-time lump-sum additional payment
Description

To provide for a funded one-time lump-sum addition to the retirement benefits of certain retirees of the Employees' Retirement System.

Subjects
Employees' Retirement System
View Original PDF: SB 215 - Engrossed - PDF

To provide for a funded one-time lump-sum addition to the retirement benefits of certain retirees of the Employees' Retirement System.

Section 1

(a) There is provided for fiscal year 2017-2018 a funded one-time lump-sum payment, hereinafter referred to as lump-sum payment, to each person except those whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1, Code of Alabama 1975, whose effective date of retirement for purposes of receiving benefits from the Employees' Retirement System is prior to May 1, 2018, and who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement System on April 30, 2018. (b) The lump-sum payment shall be four hundred dollars ($400).

Section 2

Any person who received benefits under the Medicaid program and whose eligibility for Medicaid benefits would be impaired by the lump-sum payment provided by this act shall not be entitled to receive the aforementioned increase. Any person who subsequently applies for benefits under the Medicaid program and that person's eligibility to receive benefits is impaired by the lump-sum payment provided by this act shall not be entitled to receive the increase subsequent to the date that the member files application for benefits under the Medicaid program.

Section 3

The Board of Control of the Employees' Retirement System shall determine the amount required to pay the cost of the lump-sum payments provided under this act and shall notify the chief fiscal officer of each employer of the increases in the employer rate required to be paid to the system. For the fiscal year beginning October 1, 2019, only, each employer shall pay the increase in the employer rate in the same manner and from the same source of funds as salaries of active members are paid.

Section 4

The lump-sum payments provided under this act shall be paid to all eligible recipients by the Employees' Retirement System in June 2018.

Section 5

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 15, 2018SAssigned Act No. 2018-355.
March 15, 2018SEnrolled
March 15, 2018HConcurred in Second House Amendment
March 15, 2018HSignature Requested
March 15, 2018SDial motion to Concur In and Adopt adopted Roll Call 808
March 15, 2018SConcurrence Requested
March 13, 2018HMotion to Read a Third Time and Pass adopted Roll Call 734
March 13, 2018HMotion to Adopt adopted Roll Call 733
March 13, 2018HRich Amendment Offered
March 13, 2018HMotion to Adopt adopted Roll Call 732
March 13, 2018HWays and Means General Fund first Substitute Offered
March 13, 2018HThird Reading Passed
March 8, 2018HRead for the second time and placed on the calendar with 1 substitute and
February 27, 2018HRead for the first time and referred to the House of Representatives committee on Ways and Means General Fund
February 27, 2018SEngrossed
February 27, 2018SMotion to Read a Third Time and Pass adopted Roll Call 509
February 27, 2018SDial motion to Adopt adopted Roll Call 508
February 27, 2018SDial first Substitute Offered
February 27, 2018SThird Reading Passed
February 22, 2018SRead for the second time and placed on the calendar
January 25, 2018SRead for the first time and referred to the Senate committee on Finance and Taxation General Fund
2018-03-15
Chamber: Senate
Result: Passed
2018-03-13
Chamber: House
Result: Passed
2018-03-13
Chamber: House
Result: Passed
2018-03-13
Chamber: House
Result: Passed
2018-02-27
Chamber: Senate
Result: Passed
2018-02-27
Chamber: Senate
Result: Passed