Bill > HB130

This bill allows the St. Clair County DAY Program, Incorporated, to join the Teachers' Retirement System of Alabama, enabling its executive officers and full-time employees to participate in the retirement system and receive its benefits. Specifically, the governing body of the program must pass a resolution to join, and if they choose to allow employees to receive credit for prior service rendered to the program before it joined the retirement system, the program itself must pay the costs associated with funding that prior service credit, as determined by an actuary, ensuring no additional cost to the State of Alabama. This provision applies only to employees actively working for the program on the date it elects to be covered. The bill also specifies that the St. Clair County DAY Program, Incorporated, will be responsible for paying the employer's share of retirement contributions for its employees, calculated as a percentage of their salaries, and this act will take effect on June 1, 2026.

Budget and Finance

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