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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2019 Alabama Legislative Regular Session
  5. 2019 Alabama House Bills
  6. HB 21

HB 21

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Signed by Governor
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Alan Baker
Session
Regular Session 2019
Title
Retirement of members of the Teachers' Retirement System and the Employees' Retirement System who elect to receive a reduced retirement allowance, additional option of electing to receive a partial lump-sum distribution as a single payment, provided for under certain conditions, Secs. 16-25-14 & 36-27-16 am'd.
Description

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.

Subjects
Retirement Systems

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

Download HB 21 PDF

Bill Votes

Motion to Read a Third Time and Pass
2019-05-23
Chamber: Senate
Result: Passed
Motion to Read a Third Time and Pass
2019-04-04
Chamber: House
Result: Passed

Bill Documents

Type Link
Bill Text HB 21 - Enrolled
Bill Text HB 21 - Introduced
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