SB333 Alabama 2017 Session
Bill Summary
Under existing law, a Tier II correctional officer, firefighter, or law enforcement officer is eligible for full retirement benefits if he or she retires after the age of 56 with at least 10 years of creditable service as a correctional officer, firefighter, or law enforcement officer
This bill would allow Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer to retire with full retirement benefits upon completion of 25 years of service
The bill would also provide that Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer shall contribute eight and one-quarter percent of his or her earnable compensation to the retirement system
Relating to retirement benefits; to amend Sections 16-25-14, 16-25-21, 36-27-16, and 36-27-24, Code of Alabama 1975; to allow Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer to retire with full benefits upon completion of 25 years of service; and to provide that Tier II members of the Employees' Retirement System or the Teachers' Retirement System employed as a correctional officer, firefighter, or law enforcement officer to contribute eight and one-quarter percent of his or her earnable compensation to the retirement system.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 16, 2017 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB333 Alabama 2017 Session - Introduced |