HB65 Summary

• Amends Sections 36-21-68 and 36-21-73 of the Code of Alabama 1975 regarding the Alabama Peace Officers' Annuity and Benefit Fund.

• Allows the Board of Commissioners to set membership fees between $20 and $40 per month (up from a fixed $20) based on the actuary's recommendation.

• Clarifies that benefit adjustments must be calculated based on the actuary's recommendations, with increases or decreases applying to all current benefit recipients.

• Maintains requirement that new applicants pay an initial fee of $20 and ongoing monthly fees as determined by the board, with no credit for prior law enforcement service before application.

• Effective immediately upon passage and gubernatorial approval.