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AL SB261
Bill
Status
4/20/2016
Primary Sponsor
Shay Shelnutt
Click for details
AI Summary
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Amends Section 45-37-123.21 of the Alabama Code to modify qualification requirements for Member Number One of the Jefferson County Pension Board.
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Requires Member Number One 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 pension board, with an initial one-year term followed by three-year terms.
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Becomes effective immediately upon passage and approval by the Governor or upon 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
Read for the first time and referred to the House of Representatives committee on Jefferson County Legislation
4/20/2016