HB481 Alabama 2018 Session

Under existing law, only the surviving spouse of a Supernumerary Circuit Clerk or Register is entitled to benefits payable from the Clerks' and Registers' Supernumerary Fund upon the death of the Supernumerary official

This bill would allow benefits to be paid to a beneficiary other than a spouse; establish the benefits to be paid to a beneficiary other than a spouse; to amend Sections 12-17-142 and 12-17-143, Code of Alabama 1975 to allow a Circuit Clerk to change the spouse or other named beneficiary of the Fund; to allow a Circuit Clerk upon becoming eligible for supernumerary status the option to receive a refund of contributions paid into the Fund plus seventy-five percent of the accrued interest; and establish a plan for any remaining funds once all liabilities to the fund participants are met

To amend Sections 12-17-142 and 12-17-143, Code of Alabama 1975 to allow a Circuit Clerk to change the spouse or other named beneficiary of the Fund; to allow a Circuit Clerk upon becoming eligible for supernumerary status the option to receive a refund of contributions paid into the Fund plus seventy-five percent of the accrued interest; and establish a plan for any remaining funds once all liabilities to the fund participants are met.