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AL HB506
Bill
Status
6/4/2015
Primary Sponsor
Napoleon Bracy
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AI Summary
HB506 Summary
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Amends Section 25-4-78 of the Alabama Code to clarify when unemployment benefits are reduced due to pension income received by an individual.
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Limits benefit reductions to pensions from plans that are maintained or contributed to by a base period employer, 100 percent employer-financed, and not contributed to by the worker.
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Specifies that retroactively awarded pension payments constitute disqualification requiring recovery of benefits paid during that period only if the pension plan meets the same criteria (base period employer-maintained, 100 percent employer-financed, no worker contributions).
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Excludes Social Security Act and Railroad Retirement Act pensions from benefit reductions effective October 7, 1995.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Unemployment, unemployment compensation, amount of benefits payable reduced if individual receives or is eligible to receive pension payments from a plan maintained or contributed to solely by employer, retroactive pension payments considered disqualification if payments made from a plan maintained or contributed to solely by employer, Sec. 25-4-78 am'd.
Labor
Last Action
Delivered to Governor at 6:18 p.m. on June 4, 2015.
6/4/2015