SB319 Alabama 2018 Session
Bill Summary
Existing law provides for the payment of retirement benefits to members of the Judicial Retirement Fund, the Teachers' Retirement System, and the Employees' Retirement System.
This bill would enable the Judicial Retirement Fund, the Teachers' Retirement System, and the Employees' Retirement System to pay the retirement allowance to a special needs trust where the member has designated as beneficiary a beneficiary of a special needs trust.
Relating to the Retirement Systems of Alabama; to amend Sections 12-18-156, 16-25-14, and 36-27-16, Code of Alabama 1975, to provide that a member of the Retirement Systems of Alabama may designate that a portion of his or her retirement benefits be paid to a special needs trust for the benefit of a dependent child.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 22, 2018 | S | Pending third reading on day 15 Favorable from Finance and Taxation General Fund |
| February 22, 2018 | S | Read for the second time and placed on the calendar |
| February 15, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB319 Alabama 2018 Session - Introduced |
Source: Alabama Legislature