SB317 Alabama 2021 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Education Retirees' Trust Fund Funding Act, Education Retirees Trust Fund created in State Treasury as permanent trust to fund periodic bonus checks for education retirees, duties of TRS Board of Control specified
Description
This bill is the Education Retirees' Trust Fund Funding Act of 2020
This bill would establish a separate fund in the State Treasury known as the Education Retirees' Trust Fund, to serve as a permanent trust and as an investment account for the earnings and funds received for the purpose of periodic bonus checks
To create the Education Retirees' Trust Fund Funding Act of 2020; to establish a separate fund in the State Treasury known as the Education Retirees' Trust Fund for the purpose of establishing a permanent trust and investment account for the funds and earnings received to provide education retirees with periodic bonus checks.
Subjects
Teachers' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 9, 2021 | 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 | SB317 Alabama 2021 Session - Introduced |