SB350 Alabama 2018 Session
Updated Apr 26, 2021
Summary
- Primary Sponsor
Rodger SmithermanSenatorDemocrat- 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
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.
- Subjects
- Education
Bill Actions
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature