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AL HB384
Bill
Status
5/16/2019
Primary Sponsor
Jim Carns
Click for details
AI Summary
HB384 Summary - Jefferson County Retirement System
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Adds new definitions including "benefit enhancement," "executive director," and "spouse" while removing outdated terms like "county treasurer" and "pension coordinator."
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Modifies pension board composition requirements, including requiring member three to have minimum 10 years' experience as a certified public accountant and member five to be an active system member.
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Authorizes elections of board members four and five to be conducted by paper or electronic ballot with county manager notification to all payroll employees.
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Expands pension board powers to award cost-of-living increases in multiple forms, determine validity of divorce decrees, provide various insurance benefits to employees and members, and permit members to convert unpaid to paid membership time (with county funding for actuarial evaluation).
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Clarifies member contribution rules, rehiring procedures, postretirement joint survivorship pension elections, death benefits, refund procedures, and authorizes pension board to require indemnification agreements for certain payments.
Legislative Description
Jefferson Co., retirement system, definitions, pension board, qualification, elections of members, duties, Secs. 45-37-123.01, 45-37-123.21, 45-37-123.22, 45-37-123.24, 45-37-123.53, 45-37-123.54, 45-37-123.82, 45-37-123.101, 45-37-123.103, 45-37-123.104, 45-37-123.151, 45-37-123.195 am'd.
Jefferson County
Last Action
Delivered to Governor at 10:01 a.m. on May 16, 2019.
5/16/2019