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SB 72 - Repealing the Deferred Retirement Option Plan - Key Vote

Alabama Key Votes

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Legislation - Conference Report Adopted (Senate) (21-13) - (Key vote)

Title: Repealing the Deferred Retirement Option Plan

Vote Smart's Synopsis:

Vote to adopt a conference report that prohibits new participation in, and limits interest paid on accounts regarding, the Deferred Retirement Option Plan.

Highlights:
  • Limits the requirements to qualify for the Deferred Retirement Option Plan (DROP) as followed, but not limited to (Sec. 1):
    • Has at least 25 years of service excluding sick leave;
    • Is at least 55 years of age; and
    • Is eligible for service retirement.
  • Specifies that participation in DROP shall not affect sick leave or yearly accrual increments (Sec. 1).
  • Specifies that DROP can be used by qualified candidates in lieu of immediate withdrawal from service and receipt of a retirement allowance (Sec. 1).
  • Establishes the "Keeping Alabama's Best" Joint Interim Legislative Committee (Sec. 2).
Legislation - Conference Report Adopted (House) (58-33) - (Key vote)

Title: Repealing the Deferred Retirement Option Plan

Vote Smart's Synopsis:

Vote to adopt a conference report that prohibits new participation in, and limits interest paid on accounts regarding, the Deferred Retirement Option Plan.

Highlights:
  • Limits the requirements to qualify for the Deferred Retirement Option Plan (DROP) as followed, but not limited to (Sec. 1):
    • Has at least 25 years of service excluding sick leave;
    • Is at least 55 years of age; and
    • Is eligible for service retirement.
  • Specifies that participation in DROP shall not affect sick leave or yearly accrual increments (Sec. 1).
  • Specifies that DROP can be used by qualified candidates in lieu of immediate withdrawal from service and receipt of a retirement allowance (Sec. 1).
  • Establishes the "Keeping Alabama's Best" Joint Interim Legislative Committee (Sec. 2).
Legislation - Introduced (Senate) -

Title: Repealing the Deferred Retirement Option Plan

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