SB51 Alabama 2021 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Teachers Retirement System, 30-year service retirement and conversion of sick leave allowed for Tier II, plan members, member contribution rate increased, Secs. 16-25-11.1, 16-25-14, 16-25-21 am'd.
Description
<p class="bill_description"> This bill would modify the retirement
benefits for Tier II plan members of the Teachers’
Retirement System by providing 30-year service
retirement and allowing the conversion of sick
leave into creditable service. This bill would also
increase the member contribution rate</p><p class="bill_entitled_an_act"> To amend Sections 16-25-11.1, 16-25-14, and
16-25-21, Code of Alabama 1975, relating to retirement
benefits for employees who are members of the Teachers'
Retirement System, to modify the retirement benefits for Tier
II plan members of the Teachers' Retirement System by
providing 30-year service retirement and allowing the
conversion of sick leave into creditable service and
increasing the member contribution rate.
</p>
Subjects
Teachers' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 2, 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 | SB51 Alabama 2021 Session - Introduced |