HB 437

Crossed Over

Contents hide

1 Bill Summary
2 Bill Actions
3 Bill Calendar
4 Bill Text
5 Bill Votes
6 Bill Documents

Bill Summary

Sponsors

Reed Ingram

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 Calendar

Type	Date	Location	Description
Hearing	May 29, 2019	825 at 09:00	Senate F&TG Hearing
Hearing	May 29, 2019	825 at 00:00	Senate F&TG Hearing
Hearing	May 8, 2019	Room 617 at 13:30	House W&MGF Hearing