Bipartisan bill would give retirees a one-time bonus

By Bill Britt
Alabama Political Reporter

Some Republicans in the Senate and at least one Democrat in the State House of Representatives believe certain retired educators should receive a one-time, lump sum payment.

Republican Senator Gerald Dial, who is leading the charge, is joined by Senate colleagues Jimmy Holley, Jim McClendon, Steve Livingston, Tom Whatley and Cam Ward to sponsor SB3. In the House, Rep. Craig Ford is carrying an identical bill that will provide a one-time payment for former educators and beneficiaries who receive retirement benefits from the Teachers’ Retirement Systems (TRS). Read More

Bedford Prefiles Bronner Bill in Senate

By Lee Hedgepeth
Alabama Political Reporter

The fight for control over investments of the Employees’ Retirement Systems and the Teachers’ Retirement Systems in Alabama has not yet reached its end.

On December 16th, the Alabama Political Reporter reported on events leading up to an identical bill being prefiled on the House side in preparation for the 2014 Alabama legislative session by Democrat Johnny “Mack” Morrow of Red Bay. Curtis Stewart, a recent Robert Bentley appointment to the ERS board, announced a resolution that would prevent Dr. David Bronner, Chief Executive Officer of the Retirement Systems of America and Secretary-Treasurer of ERS, from using proxy votes of other investment committee members to take immediate action on day-to-day investment decisions.
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