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 the definitions, eligibility criteria, and operational procedures of the pension system. 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, adopt rules for benefit administration, and handle missing participants' benefits. Additionally, it specifies that records maintained by the pension board are not public and outlines the election process for pension board members, emphasizing the board's authority to defend against claims.

Furthermore, the bill deletes outdated provisions regarding the conversion of unpaid membership time and the forfeiture of benefits, ensuring that vested benefits are nonforfeitable. It introduces new sections to clarify the scope of immunity for the pension board and its members, while also repealing sections related to eligibility and membership time conversion. The bill aims to modernize and streamline the retirement system's operations and governance, enhancing clarity and compliance with federal regulations. Overall, HB190 seeks to improve the functionality of the pension plan while ensuring the rights and benefits of members and their designated beneficiaries are clearly defined and protected.

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