SB314 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Education Retirees' Trust Fund for Cost-of-Living Allowances, creation in State Treasury, investment of funds
Description
This bill would create a separate fund in the State Treasury known as the Education Retirees' Trust Fund for Cost-of-Living Adjustments. The function of the Education Retirees' Trust Fund for Cost-of-Living Adjustments shall be to serve as a permanent trust and as an investment account for the earnings and funds received for the purpose of providing education retirees with cost-of-living increases or one-time bonuses
To create a separate fund in the State Treasury known as the Education Retirees' Trust Fund for Cost of Living Adjustments for the purpose of establishing a permanent trust and investment account for the funds and earnings received to provide education retirees with cost-of-living increase or one-time bonuses.
Subjects
State Treasury
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 13, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 10, 2017 | Room 418 at 13:30 | House EP Hearing |