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AL HB66
Bill
Status
4/25/2023
Primary Sponsor
Joe Lovvorn
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AI Summary
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Removes the time limit for purchasing hazardous duty credit for prior eligible service for firefighters, law enforcement officers, and correctional officers who are Tier I plan members in Alabama's Employees' Retirement System or Teachers' Retirement System.
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Eliminates the previous two-year deadline (from January 1, 2001) for making payments to purchase prior service credit, allowing members to purchase at any time.
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Maintains the payment requirement of one percent of current annual earnable compensation or previous year's annual earnable compensation, whichever is higher, for each year of claimed credit.
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Allows members to purchase claimed credit in five-year increments, or in full if total service credit is less than five years, with certification from each employing agency required.
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Applies only to Tier I plan members; Tier II plan members are excluded from these provisions.
Legislative Description
Relating to the Retirement Systems of Alabama; to amend Section 36-27-59, Code of Alabama 1975, to remove the time limit for purchasing hazardous duty time for prior eligible service for certain firefighters, law enforcement officers, and correctional officers covered under the Employees' Retirement System or the Teachers' Retirement System as Tier I plan members.
Last Action
Enacted
4/25/2023