AL HJR288

Creates the Joint Committee on Alabama Public Pensions to study and develop recommendations on benefits, investments, funding, and financial stability of state-administered retirement systems.

Committee composition includes 14 voting members: 3 from House Ways and Means Education Committee, 3 from House Ways and Means General Fund Committee, 3 from Senate Finance and Taxation General Fund Committee, 3 from Senate Finance and Taxation Education Committee, 2 House members, and 2 Senate members appointed by leadership.

Committee shall also study retiree health insurance benefits to ensure stability of state health insurance programs, with authority to utilize research assistance from outside groups including the Pew Charitable Trusts.

Committee must meet at least monthly prior to December 15, 2015, and submit findings, recommendations, and any proposed legislation to the Legislature within the first five legislative days of the 2016 Regular Session, at which time the committee is dissolved.

Committee members receive regular legislative compensation, per diem, and travel expenses for meeting attendance, paid from legislative appropriations; state agencies including the Retirement Systems of Alabama must provide requested assistance and information.