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AL SB280
Bill
Status
Engrossed
3/10/2026
Primary Sponsor
J.T. Waggoner
Click for details
AI Summary
- Members of Alabama's Teachers' Retirement System or Employees' Retirement System may purchase up to 4 years of creditable service for federal nonmilitary employment
- Eligibility requires at least 10 years of contributing membership service credit (excluding military service) in the state retirement system
- Members must pay the full actuarially determined cost for each year of federal service claimed, with purchases made in increments of at least one year
- Federal service credit is prohibited if the member receives or is entitled to benefits for the same service under another publicly funded pension plan (Social Security exempted)
- Effective date: October 1, 2026
Legislative Description
Teachers' Retirement System and Employees' Retirement System; purchase of certain federal service credit by participating member
Retirement
Last Action
Pending House Ways and Means General Fund
3/10/2026
Committee Referrals
Ways and Means General Fund3/10/2026
Finance and Taxation Education2/10/2026
Full Bill Text
No bill text available