Under existing law, there is no provision for retirees and beneficiaries receiving monthly benefits from the Teachers' Retirement System to receive a funded one-time lump-sum payment in addition to their retirement allowances
This bill would provide a lump-sum payment to certain retirees and beneficiaries under the Teachers' Retirement System
Relating to 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 conditioned upon the availability of funds in the Education Trust Fund.
|February 2, 2022||H||Read for the first time and referred to the House of Representatives committee on Ways and Means Education|
|Bill Text||HB214 Alabama 2022 Session - Introduced|