SB218 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Employees' Retirement System, retirees and beneficiaries, one-time lump-sum additional payment
Description
Under existing law, there is no provision for retirees and beneficiaries receiving monthly benefits from the Employees' Retirement System (ERS) to receive a funded longevity bonus in addition to their retirement allowances
This bill would provide a longevity bonus payment to certain retirees and beneficiaries under the Employees' Retirement System
To provide for a funded longevity bonus in addition to the retirement benefits of certain retirees and beneficiaries of the Employees' Retirement System.
Subjects
Employees' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 20, 2020 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB218 Alabama 2020 Session - Introduced |