SB302 Alabama 2020 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Teachers Retirement System, 30-year service retirement and conversion of sick leave allowed for Tier II, plan members, member contribution rate increased, Secs. 16-25-11.1, 16-25-14, 16-25-21 am'd.
Description
This bill would modify the retirement benefits for Tier II plan members of the Teachers’ Retirement System by providing 30-year service retirement and allowing the conversion of sick leave into creditable service. This bill would also increase the member contribution rate
To amend Sections 16-25-11.1, 16-25-14, and 16-25-21, Code of Alabama 1975, relating to retirement benefits for employees who are members of the Teachers' Retirement System, to modify the retirement benefits for Tier II plan members of the Teachers' Retirement System by providing 30-year service retirement and allowing the conversion of sick leave into creditable service and increasing the member contribution rate.
Subjects
Teachers' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 12, 2020 | 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 | SB302 Alabama 2020 Session - Introduced |