MONTGOMERY, Ala. – A state Senate committee is slated to consider legislation giving a one-time pension bonus to retired state employees.
The bill sponsored by Senate President Pro Tem Del Marsh, R-Anniston, is on the agenda today for the Senate Finance and Taxation-General Fund Committee.
Retired state employees would get a one-time lump sum payment in October of $2 per month for each year of state service. A retiree with 25 years of service would get $600. There would be a minimum payment to retirees of $300. The one-time bonus would cost the state about $5 million.
The legislation is being supported by the Alabama Retired State Employees Association.