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| 1 | + | SB92INTRODUCED | |
| 2 | 2 | Page 0 | |
| 3 | - | R52ENM-2 | |
| 4 | - | By Senators Carnley, Reed, Kelley, Coleman, Hovey, Bell, | |
| 5 | - | Scofield, Sessions, Chambliss, Williams, Chesteen, Gudger | |
| 3 | + | R52ENM-1 | |
| 4 | + | By Senator Carnley | |
| 6 | 5 | RFD: County and Municipal Government | |
| 7 | 6 | First Read: 21-Mar-23 | |
| 8 | - | 2023 Regular Session | |
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| 15 | - | 7 SB92 EnrolledSB92 Enrolled | |
| 11 | + | 5 R52ENM-1 03/09/2023 KMS (L)cr 2023-855 | |
| 16 | 12 | Page 1 | |
| 17 | - | Enrolled, An Act, | |
| 13 | + | SYNOPSIS: | |
| 14 | + | Act 2022-229 provided for a one-time lump-sum | |
| 15 | + | addition to the retirement benefits of certain retirees | |
| 16 | + | and beneficiaries of the Employees' Retirement System | |
| 17 | + | and gave local units participating in the Employees' | |
| 18 | + | Retirement System the option to come under the | |
| 19 | + | provisions of the act. | |
| 20 | + | This bill would extend the provisions of Act | |
| 21 | + | 2022-229 to allow local units additional time to elect | |
| 22 | + | to come under the act's provisions. | |
| 23 | + | A BILL | |
| 24 | + | TO BE ENTITLED | |
| 25 | + | AN ACT | |
| 18 | 26 | Relating to retirement; to extend the provisions of Act | |
| 19 | 27 | 2022-229 to allow local units participating in the Employees' | |
| 20 | 28 | Retirement System additional time to elect to come under the | |
| 21 | 29 | provisions of the act. | |
| 22 | 30 | BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: | |
| 23 | 31 | Section 1. The provisions of Act 2022-229 as they apply | |
| 24 | 32 | to employers participating in the Employees' Retirement System | |
| 25 | 33 | pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1, Code of | |
| 26 | 34 | Alabama 1975, shall be extended if a participating employer | |
| 27 | - | elects to come under the provisions of Act 2022-229 by | |
| 28 | - | official resolution on or before October 31, 2023. Upon such | |
| 29 | - | election by official resolution on or before October 31, 2023, | |
| 30 | - | the lump-sum payments provided under Act 2022-229 shall be | |
| 31 | - | paid to all eligible recipients who are entitled to receive a | |
| 32 | - | lump-sum payment under Act 2022-229 and are receiving a | |
| 33 | - | benefit as of April 1, 2023, by the Employees' Retirement | |
| 34 | - | System in December 2023. Any employer making such election | |
| 35 | - | shall bear the cost of the lump-sum payment paid to its | |
| 36 | - | retirees, as provided in Act 2022-229. | |
| 37 | - | Section 2. This act shall become effective immediately | |
| 38 | - | following its passage and approval by the Governor, or its | |
| 39 | - | otherwise becoming law. | |
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| 64 | - | 25 SB92 EnrolledSB92 Enrolled | |
| 65 | - | Page 2 | |
| 66 | - | ________________________________________________ | |
| 67 | - | President and Presiding Officer of the Senate | |
| 68 | - | ________________________________________________ | |
| 69 | - | Speaker of the House of Representatives | |
| 70 | - | SB92 | |
| 71 | - | Senate 05-Apr-23 | |
| 72 | - | I hereby certify that the within Act originated in and passed | |
| 73 | - | the Senate. | |
| 74 | - | Patrick Harris, | |
| 75 | - | Secretary. | |
| 76 | - | House of Representatives | |
| 77 | - | Passed: 25-Apr-23 | |
| 78 | - | By: Senator Carnley | |
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| 62 | + | 28 SB92 INTRODUCEDSB92 INTRODUCED | |
| 63 | + | Page 2 | |
| 64 | + | elects to come under the provisions of Act 2022-229 by | |
| 65 | + | official resolution on or before October 31, 2023. Upon such | |
| 66 | + | election by official resolution on or before October 31, 2023, | |
| 67 | + | the lump-sum payments provided under Act 2022-229 shall be | |
| 68 | + | paid to all eligible recipients who are entitled to receive a | |
| 69 | + | lump-sum payment under Act 2022-229 and are receiving a | |
| 70 | + | benefit as of April 1, 2023, by the Employees' Retirement | |
| 71 | + | System in December 2023. Any employer making such election | |
| 72 | + | shall bear the cost of the lump-sum payment paid to its | |
| 73 | + | retirees, as provided in Act 2022-229. | |
| 74 | + | Section 2. This act shall become effective immediately | |
| 75 | + | following its passage and approval by the Governor, or its | |
| 76 | + | otherwise becoming law. | |
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