SB350 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Education Retirees, COLA Trust Fund for TRS, created, permanent trust and investment account to fund cost-of-living adjustments to retirees, established, powers and duties of trustees, provided for
Description
This bill would create a separate fund in the State Treasury known as the COLA Trust Fund for the Teachers' Retirement System that would serve as a permanent trust and as an investment account for the earnings and funds received in the fund for the purpose of providing education retirees with cost-of-living adjustments
Relating to education retirees; to create a separate fund in the State Treasury known as the COLA Trust Fund for the Teachers' Retirement System; to establish a permanent trust and investment account for the funds and earnings received in the fund to provide education retirees with cost-of-living adjustments.
Subjects
Education
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 27, 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 | April 20, 2017 | Room 535 at 14:00 | House LL Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB350 Alabama 2018 Session - Introduced |