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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2020 Alabama Legislative Regular Session
  5. 2020 Alabama Senate Bills
  6. SB201 Alabama 2020 Session
Tuscaloosa, AL holds municipal elections March 2, 2021. Click here to view the elections and the candidates running.

SB201 Alabama 2020 Session

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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
  • Will Barfoot
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

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

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.

Subjects
Retirement Systems

Bill Actions

Action Date Chamber Action
February 18, 2020 S Read for the first time and referred to the Senate committee on Finance and Taxation General Fund

Bill Calendar

Type Date Location Description
Hearing February 26, 2020 Room 825 at 11:00 Senate F&TG Hearing

Bill Text

Download SB201 Alabama 2020 Session PDF

Bill Documents

Type Link
Bill Text SB201 Alabama 2020 Session - Introduced
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