HB268 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Retirement, RSA, ERS, Tier III Retirement plan created, plan benefits defined, Secs. 36-26-36.1, 36-27-1, 36-27-16, 36-27-24, 36-27-59 am'd.
Description
<p class="bill_description"> This bill would establish a new defined
benefit retirement plan for any public employee who
is first hired on or after October 1, 2020, by an
employer who participates in the Employees'
Retirement System</p><p class="bill_entitled_an_act"> To amend Sections 36-26-36.1, 36-27-1, 36-27-16, as
last amended by Act 2019-316, 2019 Regular Session, 36-27-24,
and 36-27-59, Code of Alabama 1975, relating to retirement
benefits for employees who are members of the Employees'
Retirement System, to establish a new defined benefit
retirement plan for employees who first become a member of the
Employees' Retirement System on or after October 1, 2020, or
any Tier II plan member who has elected to join the new plan.
</p>
Subjects
Retirement Systems
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 2020 | H | Pending third reading on day 11 Favorable from Ways and Means General Fund |
| March 5, 2020 | H | Read for the second time and placed on the calendar |
| February 18, 2020 | 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 4, 2020 | Room 617 at 13:30 | House W&MGF Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB268 Alabama 2020 Session - Introduced |