Under existing law, there is no provision for retirees and beneficiaries receiving monthly benefits from the Teachers' Retirement System to receive a funded lump-sum payment in addition to their retirement allowances
This bill would provide a funded one-time lump-sum payment to certain retirees and beneficiaries under the Teachers' Retirement System
To provide for a funded one-time lump-sum payment in addition to the retirement benefits of certain retirees and beneficiaries of the Teachers' Retirement System.
|March 5, 2020
|Read for the first time and referred to the Senate committee on Finance and Taxation Education
|SB265 Alabama 2020 Session - Introduced