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AL HB26

Bill

Status

Passed

4/7/2022

Primary Sponsor

Randy Wood

Click for details

Origin

House of Representatives

Regular Session 2022

AI Summary

  • Amends Section 12-18-110 of the Alabama Code to delete the one-year notice deadline requirement for transferring creditable service and accumulated contributions from the Employees' or Teachers' Retirement System to the Judicial Retirement Fund.

  • Allows members of the Judicial Retirement Fund who were members of the Employees' or Teachers' Retirement System within one year prior to joining the Judicial Retirement Fund to elect to transfer their service and contributions without time constraints.

  • Removes the requirement that members notify the Board of Control within one year after becoming a Judicial Retirement Fund member, eliminating the temporal restriction on transfer notifications.

  • Requires the Board of Control to certify the amount of contributions and creditable service to both the Employees' Retirement System and Judicial Retirement Fund upon receiving a transfer request.

  • Became effective immediately upon passage and approval by the Governor; passed the House on February 8, 2022 and the Senate on April 6, 2022.

Legislative Description

Judicial Retirement Fund, notice deadline for transferring any creditable service and contributions removed, Sec. 12-18-110 am'd.

Judicial Retirement Fund

Last Action

Delivered to Governor at 9:46 a.m. on April7, 2022.

4/7/2022

Committee Referrals

Finance and Taxation General Fund2/8/2022
Ways and Means General Fund1/11/2022

Full Bill Text

No bill text available