The bill HB190 amends various sections of the Code of Alabama 1975 concerning the General Retirement System for Employees of Jefferson County, introducing significant changes to definitions, eligibility, and operational procedures. Key insertions include clarifying the definitions of "designated beneficiary," "missing participants," and "missing beneficiaries," as well as establishing a vesting schedule where benefits become partially vested after 10 years and fully vested after 15 years of paid service. The bill also allows the pension board to manage administrative expenses and adopt rules for benefit administration. Notably, it removes provisions that previously prohibited active members from participating in other plans and clarifies that benefits do not commence until necessary forms are executed.

Additionally, the bill updates the language throughout the pension laws, replacing "person" with "individual" and removing outdated references to the civil service system. It introduces new provisions for preretirement joint survivorship pensions and modifies the eligibility criteria for disability benefits, allowing for partial and permanent disabilities. The bill also establishes procedures for handling missing participants and beneficiaries, requiring the pension board to conduct reasonable searches before forfeiting benefits. Overall, HB190 aims to modernize and clarify the retirement system's regulations, ensuring compliance with current standards while enhancing the protection of members' benefits. The act is set to take effect on June 1, 2024.

Statutes affected:
Introduced: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123
Engrossed: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123
Enrolled: 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123, 45-37-123