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AL HB308
Bill
Status
4/21/2016
Primary Sponsor
Louise Alexander
Click for details
AI Summary
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Amends Alabama Code Section 45-37-123.21 regarding the General Retirement System for Employees of Jefferson County.
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Requires Member Number One of the Pension Board to have a minimum of 10 years' experience in an executive capacity in insurance, investment management/consultant, or actuarial work.
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Member Number One is appointed by the county governing body and serves as chairman of the five-member pension board.
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Initial term for Member Number One is one year; subsequent terms are three years.
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Act becomes effective immediately upon passage and approval by the Governor or otherwise becoming law.
Legislative Description
Jefferson Co., Retirement System, Pension Board, membership revised, Act 2013-415, 2013 Reg. Sess., am'd; Sec. 45-37-123.21 am'd.
Jefferson County
Last Action
Delivered to Governor at 9:30 a.m. on April 21, 2016.
4/21/2016