SB172 Alabama 2021 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Teachers' Retirement System, one-time lump-sum payment for certain retirees and beneficiaries
Description
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 longevity bonus 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.
Subjects
Teachers' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 3, 2021 | 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 | SB172 Alabama 2021 Session - Introduced |