HB308 Alabama 2022 Session

Sponsors

Session

Regular Session 2022

Title

Employees' Retirement System, retirement benefits for Tier II plan members modified to provide 30-year service retirement, conversion of sick leave, and hazardous duty time for firefighters, law enforcement, and correctional officers, contribution rate increased, Secs. 36-26-36.1, 36-27-16, 36-27-24, 36-27-59 am'd.

Description

This bill would modify the retirement benefits for Tier II plan members of the Employees' Retirement System by providing 30-year service retirement, allowing the conversion of sick leave into creditable service, and, for firefighters, law enforcement officers, and correctional officers, providing hazardous duty time.

This bill would also increase the Tier II plan member contribution rate.

To amend Sections 36-26-36.1, 36-27-16, as amended by Act 2021-270, 2021 Regular Session, 36-27-24, and 36-27-59, Code of Alabama 1975, relating to retirement benefits for employees who are members of the Employees' Retirement System; to modify the retirement benefits for Tier II plan members of the system by providing 30-year service retirement, allowing the conversion of sick leave into creditable service, and, for firefighters, law enforcement officers, and correctional officers, providing hazardous duty time; and to increase the Tier II plan member contribution rate.

Subjects

Employees' Retirement System