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AL SB271
Bill
Status
1/23/2014
Primary Sponsor
George Keahey
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AI Summary
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Amends Section 40-6-4.1 of the Code of Alabama 1975 to allow elected county officials to simultaneously receive supernumerary retirement benefits and retirement benefits from the Teachers' Retirement System or State Employees' Retirement System.
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Permits dual retirement benefits only when the retirement benefits are related to different and separate time periods of employment or service.
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Maintains existing requirement that officials must elect whether to participate in the supernumerary program or other state/county retirement program within 60 days, with simultaneous withdrawal from other programs.
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Becomes effective on the first day of the third month following passage and approval by the Governor, or otherwise becoming law.
Legislative Description
Retirement, elected co. official may receive both supernumerary and Teachers' Retirement System or Employees' Retirement System benefits, Sec. 40-6-4.1 am'd.
Retirement
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
1/23/2014