Loading chat...
AL HB308
Bill
Status
4/13/2023
Primary Sponsor
Chris Sells
Click for details
AI Summary
HB308 Summary
-
Allows retired public employees from Teachers' Retirement System, Employees' Retirement System, or Judicial Retirement Fund to return to compensated work with participating employers after drawing retirement benefits for 12 consecutive months without performing compensated services.
-
Limits returning retirees' compensation to 75 percent of their annual retirement benefit for each calendar year; retirees cannot contribute to the retirement system or earn additional service credit during employment.
-
Permits retired employees serving as elected officials to work without suspension of benefits if the position is otherwise prohibited from participating in the retirement systems.
-
Requires employers to pay employer contributions on compensation of retired employees regardless of membership status.
-
Repeals Sections 16-25-26, 29-4-6, and 36-27-8.2 of the Code of Alabama 1975, which previously authorized certain retired state employees to return to work.
Legislative Description
Relating to the Retirement Systems of Alabama; to amend Section 16-25-14, as last amended by Act 2022-184 and Act 2022-222 of the 2022 Regular Session, and Section 36-27-16, as last amended by Act 2022-184 and Act 2022-351 of the 2022 Regular Session, Code of Alabama 1975, to require an individual retired under the Teachers' Retirement System, Employees' Retirement System, or Judicial Retirement Fund to draw his or her retirement benefits for 12 consecutive months before returning to compensated work for a participating employer; to limit the person's compensation from the employer to 75 percent of the person's annual retirement benefit for each calendar year; and to repeal Sections 16-25-26, 29-4-6, and 36-27-8.2, Code of Alabama 1975, authorizing certain retired public employees to return to work for participating employers.
Last Action
Introduced and Referred to House Ways and Means Education
4/13/2023