HB21 Alabama 2019 Session
Bill Summary
Under existing law, a member of the Teachers' Retirement System or the Employees' Retirement System may elect, prior to retirement, to receive, in lieu of his or her retirement allowance payable throughout life, the actuarial equivalent, at that time, of his or her retirement allowance in a reduced retirement allowance payable throughout life, with certain options available to the member for the disbursement of the reduced retirement allowance
This bill would give certain retirees of the Teachers' Retirement System and the Employees' Retirement System an additional option of electing to receive a partial lump-sum distribution as a single payment, not to exceed the sum of 24 months of the maximum monthly retirement allowance of the member, and the option may be elected in addition to the other options available to the member for the disbursement of the reduced retirement allowance, under certain conditions
To amend Sections 16-25-14 and 36-27-16, Code of Alabama 1975, relating to the retirement of members of the Teachers' Retirement System and the Employees' Retirement System who elect to receive a reduced retirement allowance; to provide an additional option of electing to receive a partial lump-sum distribution as a single payment, under certain conditions.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 23, 2019 | H | Forwarded to Governor on May 23, 2019 at 1:08 p.m. on May 23, 2019. |
| May 23, 2019 | H | Assigned Act No. 2019-316. |
| May 23, 2019 | H | Clerk of the House Certification |
| May 23, 2019 | H | Enrolled |
| May 23, 2019 | S | Signature Requested |
| May 23, 2019 | H | Passed Second House |
| May 23, 2019 | S | Motion to Read a Third Time and Pass adopted Roll Call 1097 |
| May 23, 2019 | S | Third Reading Passed |
| May 8, 2019 | S | Read for the second time and placed on the calendar |
| April 4, 2019 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| April 4, 2019 | H | Motion to Read a Third Time and Pass adopted Roll Call 130 |
| April 4, 2019 | H | Third Reading Passed |
| April 3, 2019 | H | Read for the second time and placed on the calendar |
| March 5, 2019 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 8, 2019 | Room 825 *** Bill Added*** at 10:00 | Senate F&TE Hearing |
| Hearing | April 3, 2019 | Room 200 at 09:00 | House W&ME Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB21 Alabama 2019 Session - Enrolled |
| Bill Text | HB21 Alabama 2019 Session - Introduced |