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AL HB312
Bill
Status
3/5/2026
Primary Sponsor
Jim Hill
Click for details
AI Summary
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Increases the pension calculation multiplier for District Attorneys' Plan members from 3% to 4% of average final compensation per year of service
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Reduces the maximum service retirement allowance cap from 80% to 75% of average final compensation
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Creates a new provision allowing members with 18 or more years of service to receive 75% of average final compensation regardless of the standard calculation
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Applies the same 4% multiplier and 75% cap changes to disability retirement allowances for eligible members
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Effective date: October 1, 2026
Legislative Description
District Attorneys’ Plan for Retirement under the Judicial Retirement Fund; calculation of service retirement allowance and disability retirement allowance revised; limitation on amount of service retirement allowance compared to member's average final compensation revised
Retirement
Last Action
Pending Senate Finance and Taxation General Fund
3/5/2026