SB350 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Education Retirees, COLA Trust Fund for TRS, created, permanent trust and investment account to fund cost-of-living adjustments to retirees, established, powers and duties of trustees, provided for
Description
<p class="bill_description"> This bill would create a separate fund in
the State Treasury known as the COLA Trust Fund for
the Teachers' Retirement System that would serve as
a permanent trust and as an investment account for
the earnings and funds received in the fund for the
purpose of providing education retirees with
cost-of-living adjustments</p><p class="bill_entitled_an_act"> Relating to education retirees; to create a separate
fund in the State Treasury known as the COLA Trust Fund for
the Teachers' Retirement System; to establish a permanent
trust and investment account for the funds and earnings
received in the fund to provide education retirees with
cost-of-living adjustments.
</p>
Subjects
Education
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 27, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 20, 2017 | Room 535 at 14:00 | House LL Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB350 Alabama 2018 Session - Introduced |