HB78 Alabama 2019 Session
Summary
- Primary Sponsor
Rex ReynoldsRepresentativeRepublican- Session
- Regular Session 2019
- Title
- Retirement, retirees of Employee Retriement System and Teachers' Retirement System receiving allowance, max annual compensation increased, Secs. 16-25-26, 36-27-8.2 am'd.
- Description
Under existing law, a retiree receiving an Employees' Retirement System or Teachers' Retirement System allowance may receive compensation for performing duties with an employer participating in the system without suspension of the retirement allowance, provided the person is not employed in a permanent, full-time capacity, and the annual compensation does not exceed $30,000, plus Consumer Price Index adjustments after 2017.
This bill would increase the maximum annual compensation that a retiree receiving an Employees' Retirement System or Teachers' Retirement System allowance may earn for performing duties with an employer participating in the system to $42,000, beginning in the 2020 calendar year, plus Consumer Price Index adjustments after 2025.
- Subjects
- Retirement Systems
Bill Actions
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Bill Text
Documents
Source: Alabama Legislature