SB369 Alabama 2018 Session

Sponsors

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

<p class="bill_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</p><p class="bill_description"> 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</p><p class="bill_entitled_an_act"> 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. </p>

Subjects

Beneficiaries