SB82 Alabama 2018 Session

Summary

Primary Sponsor

Gerald O. Dial

Republican

Session

Regular Session 2018

Title

Courts, Judicial retirement fund, probate judges, purchase of creditable service provided for, Sec.12-18-84.2 added

Summary

SB 82 would let certain probate judges buy extra retirement credits to reach 24 years (and, in some cases, 25 years) of service, with a specified lump-sum payment and deadline.

What This Bill Does

It creates a new provision allowing eligible probate judges who left service by August 1, 2004 and have at least 23 years 9 months of service to purchase up to 3 months of creditable service to reach 24 years for retirement, with a lump-sum payment based on actuarial rates and up to 8% interest. It also allows judges who elect this option and have less than 25 years of service to purchase 1 year of creditable service under similar payment rules. The option ends on October 1, 2018, and becomes effective immediately after the governor signs the bill.

Who It Affects

• Eligible probate judges who have at least 23 years 9 months of service and left service by August 1, 2004, who could buy up to 3 months of service to reach 24 years.
• Judicial Retirement Fund administrators (Secretary-Treasurer) who would collect the lump-sum payments and determine payment amounts using actuarial valuations and the specified interest terms.

Key Provisions

• Section 12-18-84.2(a): Eligible probate judges may purchase up to three months of creditable service to reach a total of 24 years, by paying a lump sum equal to a percentage of earnable compensation, based on the fund's actuarial valuation, plus interest not to exceed 8% compounded annually.
• Section 12-18-84.2(b): If the judge elects the option and leaves with less than 25 years of service, they may also pay a lump sum to purchase one additional year of creditable service under the same payment rules.
• Section 2: The reopen/retroactive retirement option for probate judges ends on October 1, 2018; no one may use the options unless fully exercised and paid by that date. Section 3: The act becomes effective immediately upon governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Courts