HB 78
Bill Summary
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
Relating to retirement; to amend Sections 16-25-26 and 36-27-8.2, Code of Alabama 1975, relating to the Teachers' Retirement System and the Employees' Retirement System; to 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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 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 | March 21, 2019 | Room 617 at 09:00 | House W&MGF Public Hearing |
| Hearing | March 21, 2019 | Room 617 at 09:00 | House W&MGF Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB 78 - Introduced |