HB172 Alabama 2020 Session

Sponsors

Session

Regular Session 2020

Title

Employees' Retirement System Board of Control, membership revised, diversity language included, terms of service further provided for, Sec. 36-27-23 am'd.

Description

<p class="bill_description"> Under existing law, there are 13 trustees appointed or elected to the State Employees’ Retirement System Board of Control. Currently, two trustees represent employees of employers participating pursuant to Section 36-27-6</p><p class="bill_description"> This bill would add one additional trustee of the board for an employee of an employer participating pursuant to Section 36-27-6 and one additional trustee of the board for an employee or retiree of an employer participating pursuant to Section 36-27-6</p><p class="bill_description"> This bill would also include diversity language for the board and would allow a trustee who retires from active service after appointment or election to continue to serve until the expiration of the trustee's term</p><p class="bill_entitled_an_act"> To amend Section 36-27-23 of the Code of Alabama 1975, to include additional representatives to the State Employees' Retirement System Board of Control; to add diversity language; and to authorize a trustee who retires from active service after appointment or election to continue to serve until the expiration of the trustee’s term. </p>

Subjects

Retirement