HB515 Alabama 2022 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2022
Title
Retirement Systems, Tier II members of Employees' Retirement System or Teachers' Retirement System who begin participation on or after October 1, 2022, with at least 30 years of service, to receive annual automatic cola adjustment
Description
This bill would provide, upon retirement and with at least 30 years of creditable service, an annual cost-of-living adjustment for any Tier II participating member of the Teachers' Retirement System or the Employees' Retirement System whose initial participation begins on or after October 1, 2022
Relating to the Retirement Systems of Alabama; to provide, upon retirement and with at least 30 years of creditable service, an annual cost-of-living adjustment for any Tier II participating member of the Teachers' Retirement System or the Employees' Retirement System whose initial participation begins on or after October 1, 2022.
Subjects
Retirement Systems
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 17, 2022 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB515 Alabama 2022 Session - Introduced |