Loading chat...
AL HB130
Bill
Status
1/13/2026
Primary Sponsor
Jim Hill
Click for details
AI Summary
-
Reopens the Alabama Teachers' Retirement System to allow active, vested, contributing members to purchase credit for prior service at St. Clair County Day Program, Incorporated
-
Authorizes the St. Clair County Day Program's governing body to elect, by resolution, to have its executive officers and full-time employees participate in the Teachers' Retirement System
-
Requires the St. Clair County Day Program to pay all employer contributions and fund all costs for crediting prior service, as determined by the system's actuary
-
Limits benefits to amounts paid in by beneficiary and employer plus investment earnings, minus administration costs, at no cost to the State of Alabama
-
Effective date: June 1, 2026
Legislative Description
Teachers' Retirement System, reopened to allow the purchase of credit for prior service rendered to the St. Clair County DAY Program, Incorporated
Retirement
Last Action
Pending Senate Finance and Taxation General Fund
2/5/2026