SB376 Alabama 2016 Session
Bill Summary
Under current law, the Boards of Control of the Teachers’ Retirement System and the Employees’ Retirement System are required to report certain information annually and designate an actuary to make a valuation of each system annually. This bill specifies information that must be included in the annual report and actuarial report and requires the Boards of Control to adopt certain reporting standards for investments
Relating to retirement; to amend Section 16-25-19, Code of Alabama 1975, relating to the administration of the Teachers’ Retirement System to provide information that must be included in annual reports of the system and actuarial valuations of the system and to provide that the Board of Control of the system shall adopt certain investment reporting standards; and to amend Section 36-27-23, Code of Alabama 1975, relating to the administration of the Employees’ Retirement System to provide information that must be included in annual reports of the system and actuarial valuations of the system and to provide that the Board of Control of the system shall adopt certain investment reporting standards.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 28, 2016 | S | Indefinitely Postponed |
| April 20, 2016 | S | Read for the second time and placed on the calendar |
| April 5, 2016 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 20, 2016 | Room 727 **Revised Public Hearing Added** at 15:00 | Senate FR&ED Hearing |
| Hearing | April 20, 2016 | Room 727 at 15:00 | Senate FR&ED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB376 Alabama 2016 Session - Introduced |