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AL SB307
Bill
Status
5/11/2023
Primary Sponsor
Chris Elliott
Click for details
AI Summary
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Allows retired Teachers' Retirement System members serving as elected officials to receive compensation in state, county, or municipal elected offices without suspending retirement benefits.
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Allows retired Employees' Retirement System members serving as elected officials to receive compensation in state, county, or municipal elected offices without suspending retirement benefits.
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Removes the condition preventing retirees whose retirement was based on service as an elected official from continuing in or returning to that office while receiving both pension benefits and salary.
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Requires retirees to provide written notice to their retirement system and employing authority within 30 days of beginning postretirement employment that exceeds full-time or permanent status or annual earning limits.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Relating to the Retirement Systems of Alabama; to amend Sections 16-25-26 and 36-27-8.2, Code of Alabama 1975, to remove certain conditions under which an elected official who has retired from the Teachers' Retirement System and the Employees' Retirement System may serve for compensation in another elected public office without suspension of retirement benefits.
Last Action
Indefinitely Postpone
5/31/2023