SB285 Summary

• 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 retirement benefit calculations.

• Allows state policemen who contribute to the State Police Retirement Fund to include overtime pay when determining retirement benefits under the Employees' Retirement System of Alabama.

• Declares the amendments to be retroactively applicable to September 1, 2011, stating they are clarifications of existing law rather than substantive changes.

• Permits state policemen to make employee retirement contributions based on overtime payments through September 30, 2012, for any amounts not previously contributed after September 1, 2011.

• Becomes effective retroactively to September 1, 2011, upon passage and approval by the Governor.