HB437 Alabama 2019 Session
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Bill Summary
Sponsors
Session
Regular Session 2019
Title
Retirement, RSA, ERS, Tier III Retirement plan created, plan benefits defined, Secs. 36-26-36.1, 36-27-1, 36-27-16, 36-27-24, 36-27-59 am'd.
Description
This bill would establish a new defined benefit retirement plan for any public employee who is first hired on or after October 1, 2020, by an employer who participates in the Employees' Retirement System.
To amend Sections 36-26-36.1, 36-27-1, 36-27-16, 36-27-24, and 36-27-59, Code of Alabama 1975, relating to retirement benefits for employees who are members of the Employees' Retirement System, to establish a new defined benefit retirement plan for employees who first become a member of the Employees' Retirement System on or after October 1, 2020, or any Tier II plan member who has elected to join the new plan.
Subjects
Retirement Systems
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 16, 2019 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
| May 15, 2019 | H | Motion to Read a Third Time and Pass adopted Roll Call 731 |
| May 15, 2019 | H | Third Reading Passed |
| May 8, 2019 | H | Read for the second time and placed on the calendar |
| April 16, 2019 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB437 Alabama 2019 Session - Introduced |
Source: Alabama Legislature