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AL HB438
Bill
Status
5/26/2015
Primary Sponsor
William Poole
Click for details
AI Summary
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Amends Section 12-18-133 of the Code of Alabama 1975 to lower the eligibility requirement for judges to purchase additional retirement credits from 24 years to 14 years of creditable service in the Judicial Retirement Fund of Alabama.
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Allows Justices of the Supreme Court, judges of the Court of Civil Appeals, judges of the Court of Criminal Appeals, circuit judges, and district judges to purchase up to 12 additional months of retirement credit.
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Requires judges to pay into the Judicial Retirement Fund an amount equal to the combined monthly contributions of both the judge and the state, multiplied by each month of service credit purchased.
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Mandates all payments for credit purchases be submitted in full at least 30 days prior to the judge's last work date before retirement.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Judges of Probate, Judicial Retirement Fund, authorize to purchase add'l retirement credits if they have the requisite years of creditable service, Sec. 12-18-133 am'd.
Judge, Probate
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
5/26/2015