AL Senate to consider state retiree bonus

AL Senate to consider state retiree bonus

February 5th, 2014 by Associated Press in Local - Breaking News

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.