The bill authorizes the City of Tuscaloosa to join the Employees’ Retirement System of Alabama for its police and firefighter employees. It allows for the transfer of assets and liabilities from the existing Tuscaloosa Police and Firefighters Retirement Plan to the Employees' Retirement System of Alabama, as outlined in Chapter 27 of Title 36 of the Code of Alabama 1975. The city council is empowered to take necessary actions for this transition, and upon acceptance into the new system, the existing retirement plan established under Act 1999-568 will be terminated.

Additionally, the bill establishes tiered participation for members of the Tuscaloosa Police and Firefighters Retirement Plan based on their start date. Members who began participation before January 1, 2013, will be classified as Tier I participants, while those who started on or after that date will be Tier II participants unless prior employment qualifies them for Tier I. New police and firefighter employees hired after the transition will automatically participate in the Employees’ Retirement System of Alabama. The bill also includes provisions for budgetary certification and states that any conflicting laws are repealed. The act will take effect three months after its passage and approval by the Governor.

Statutes affected:
Introduced: 36-27-6
Enrolled: 36-27-6