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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 485

HB 485

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In Committee
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Text
  • 4 Bill Documents

Bill Summary

Sponsors
  • Rod Scott
Session
Regular Session 2019
Title
State Treasury, Education Retirees' Trust Fund, created, cost-of-living adjustments, to provide funding by lottery if one is authorized
Description

This bill would create a separate fund in the State Treasury known as the Education Retirees' Trust Fund for Cost-of-Living Adjustments. The bill would provide for funding, including from a lottery if one is authorized; provide that when the assets of the trust are sufficient to fully fund a cost-of-living adjustment for education retirees of one percent or more, funds would be transferred and used for that purpose

To create the Education Retirees' Trust Fund for Cost-of-Living Adjustments for the purpose of providing education retirees with cost-of-living increases.

Subjects
State Treasury

Bill Actions

Action Date Chamber Action
April 23, 2019 H Read for the first time and referred to the House of Representatives committee on Ways and Means Education

Bill Text

Download HB 485 PDF

Bill Documents

Type Link
Bill Text HB 485 - Introduced
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