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AL SB265
Bill
AI Summary
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Amends Sections 36-21-4 and 36-27-1 of the Code of Alabama 1975 to clarify that overtime payments made to state policemen are included in earnable compensation for calculating retirement benefits.
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Defines overtime payments to state policemen contributing to the State Police Retirement Fund as part of earnable compensation for retirement purposes.
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Declares the amendments to be retroactively applicable to September 1, 2011, and states they are declaratory of preexisting law rather than constituting a change in law.
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Permits state policemen to make employee contributions based on overtime payments for any amounts not contributed between September 1, 2011, and September 30, 2012.
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Becomes effective retroactively upon passage and approval by the Governor.
Legislative Description
Retirement, benefits for state law enforcement officers (state police), overtime pay and subsistance allowance included in earnable compensation for retirement purposes, Secs. 36-21-4, 36-27-1 am'd.
Retirement
Last Action
Read for the first time and referred to the Senate committee on Judiciary
2/9/2012