SB299 Alabama 2019 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_entitled_an_act"> To create the Education Retirees' Trust Fund for
Cost-of-Living Adjustments for the purpose of providing
education retirees with cost-of-living increases.
</p>
Subjects
State Treasury
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 16, 2019 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB299 Alabama 2019 Session - Introduced |