SB92 Alabama 2023 Session

Updated Feb 22, 2026

Summary

Primary Sponsor: Josh CarnleySenator
Republican
Session: Regular Session 2023
Title: Relating to retirement; to extend the provisions of Act 2022-229 to allow local units participating in the Employees' Retirement System additional time to elect to come under the provisions of the act.
Summary: SB92 extends the deadline for local employers to elect to come under Act 2022-229 and sets when lump-sum retirement payments would go to eligible retirees if they opt in.
What This Bill Does
It allows local units participating in the Employees' Retirement System to elect to come under Act 2022-229 by official resolution on or before October 31, 2023. If an employer makes that election, lump-sum payments under Act 2022-229 will be paid in December 2023 to eligible recipients who are receiving a benefit as of April 1, 2023. The employer that elects under the act bears the cost of those lump-sum payments. The act becomes effective immediately after passage/approval by the Governor.

Who It Affects
Local units participating in the Employees' Retirement System, who can elect by resolution to come under Act 2022-229 by Oct 31, 2023.
Retirees and beneficiaries who would be eligible for a lump-sum payment under Act 2022-229 and are receiving benefits as of April 1, 2023 (they would receive the lump-sum in December 2023 if the local unit elects).
Employers (local units) who elect to come under the act; they would bear the cost of the lump-sum payments.

Key Provisions
Extends the election window: participating employers can elect to come under Act 2022-229 by official resolution on or before October 31, 2023; once elected, eligible retirees receive lump-sum payments in December 2023.
Funding responsibility: the employer making the election must bear the cost of the lump-sum payments, as provided in Act 2022-229.
Effective date: the act takes effect immediately after passage and approval by the Governor (or immediately upon becoming law).

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