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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 78

HB 78

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

Bill Summary

Sponsors
  • Rex Reynolds
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

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.

Subjects
Retirement Systems

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

Download HB 78 PDF

Bill Documents

Type Link
Bill Text HB 78 - Introduced

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