Alabama Senate to Consider State Retiree Bonus

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By Alabama News Network

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 Wednesday 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.
 
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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