HB137 Alabama 2022 Session

Summary

Primary Sponsor

Danny GarrettRepresentative

Republican

Session

Regular Session 2022

Title

Teachers' Retirement System, retirees and beneficiaries, one-time lump sum funded payment based on years of service, payment in fiscal year 2022

Summary

HB137 would provide a funded, one-time lump-sum payment to certain Teachers' Retirement System retirees and beneficiaries in fiscal year 2021-2022.

What This Bill Does

If passed, the bill would pay a one-time lump-sum amount to eligible TRS retirees and eligible beneficiaries in June 2022. The lump sum is calculated as $1.25 for each month of service, per year of service. It also excludes individuals whose Medicaid benefits would be impaired by the lump sum and allows funding to be provided through a future appropriation in HB___.

Who It Affects

• TRS retirees whose retirement date is before May 1, 2022 and who are receiving or entitled to receive a monthly TRS allowance on April 30, 2022.
• Beneficiaries of deceased TRS members or retirees who meet the same date and benefit eligibility as of April 30, 2022.
• Individuals whose Medicaid eligibility would be impaired by receiving the lump-sum payment (these individuals would not receive the lump-sum).

Key Provisions

• Provides a funded one-time lump-sum payment for fiscal year 2021-2022 to eligible retirees and beneficiaries.
• Payment amount is $1.25 per month for each year of service the retiree has.
• Eligible beneficiaries include those whose deceased member or retiree had retirement effective before May 1, 2022 and who were receiving or entitled to receive monthly benefits on April 30, 2022.
• Medicaid-eligible individuals whose benefits would be impaired by the lump-sum payment are not eligible to receive it.
• Payments are to be made by the Teachers' Retirement System in June 2022.
• The bill does not itself create a new appropriation; the cost will be funded in HB___.
• The act becomes effective immediately upon passage.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Teachers Retirement System