HB190 Enrolled is a comprehensive bill that amends the Code of Alabama 1975, specifically targeting the General Retirement System for Employees of Jefferson County. The bill includes a variety of changes, such as redefining terms like "Investment Manager," "MISSING BENEFICIARY," and "MISSING PARTICIPANT," and updating the definitions of "MEMBER," "PENSION BENEFIT," and "SERVICE CONNECTED DISABILITY." It also revises the employer and employee contribution processes, clarifies the conditions under which a member's benefits become nonforfeitable, and introduces a requirement for pension board members to complete a background check. The bill further specifies the composition, election, and duties of the pension board, including the appointment and terms of the five board members, and the procedures for handling vacancies, resignations, and removals.

The bill also addresses the payment of retirement benefits, the designation of beneficiaries, and the provision of disability benefits within the pension system. It outlines the conditions and calculations for various retirement benefits, including superannuation, early retirement, and deferred retirement benefits. The bill modifies the language regarding the offset of monthly benefit amounts for the payment of hospital, surgical, and medical premiums, and it introduces new options for postretirement joint survivorship pensions. Additionally, the bill amends the rules for the withdrawal of employee contributions, the refund of contributions upon a member's death, and the distribution of annuity payments. It also updates the required beginning date for distributions and the provisions related to rollovers for non-spouse beneficiaries. Lastly, the bill provides immunity from civil liability for the pension board and its members and employees, and addresses the issue of missing participants or beneficiaries, including the repeal of certain sections of the Code of Alabama 1975. The effective date of the act is set for 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