The bill pertains to the City of Tuscaloosa and its police and firefighter employees' retirement system. It authorizes the City of Tuscaloosa to allow these employees to participate in the Employees' Retirement System of Alabama and to transfer the assets and liabilities of the existing Tuscaloosa Police and Firefighters Retirement Plan to this state-administered system. The bill outlines that the City of Tuscaloosa may take necessary actions for this transition by the city council's decision, and upon completion of the transfer, the city will terminate the retirement system established under Act 1999-568.
The bill also specifies the classification of employees within the retirement system: those who joined the Tuscaloosa Police and Firefighters Retirement Plan before January 1, 2013, will be Tier I plan participants, while those who joined on or after this date will be Tier II participants, unless prior employment qualifies them for Tier I. New police or firefighter employees will participate in the Employees’ Retirement System of Alabama in accordance with the relevant state code. The bill includes provisions for the financial officer of the City of Tuscaloosa to include the certified amounts in the city's budget, and it states that the act's provisions are severable, with any part declared invalid not affecting the remainder. The bill repeals conflicting laws and will become effective on the first day of the third month following its passage and approval by the Governor, or its otherwise becoming law. The Senate passed the bill on May 3, 2023.
Statutes affected: Introduced: 36-27-6
Enrolled: 36-27-6