SB529 Summary

• Removes the provision that disallows military service credit for members of the Teachers' Retirement System or Employees' Retirement System who are receiving military service retirement benefits.

• Members may now receive up to 4 years of retirement credit for honorable active full-time military service regardless of whether they receive military retirement benefits (excluding disability allowances).

• Applies to Sections 16-25-3, 36-27-4, and 36-27-49.3 of the Alabama Code of 1975.

• Members claiming military service credit must still meet existing requirements: receive an honorable discharge and pay the required contributions plus 8 percent interest compounded from the last date of military service.

• Effective on the first day of the third month following passage and approval by the Governor.