Committee: Governmental Affairs | Sponsor: Ellis |
Analyst: Daniel Davenport | Date: 03/07/2022 |
FISCAL NOTE
House Bill 346 as passed the House of Representatives removes the deadline for which local units of government that participate in the Employees’ Retirement System (ERS) must adopt a resolution to provide Tier I benefits to Tier II members.
According to the actuary for the Retirement Systems of Alabama, this bill will not affect state funding.
Jimmy Holley, Chairperson Governmental Affairs |