Ala. House expected to consider new pension plan
MONTGOMERY, Ala. (AP) — Newly hired public employees would pay less of their pay toward pension benefits and get smaller retirement checks under a bill up for final passage in the Alabama House.
The House is expected to consider the bill shortly after coming into session Tuesday that would set up a new pension plan for newly hired public workers.
The bill has already passed the Senate and could go to Alabama Gov. Robert Bentley if it passes the House,
The sponsor, Republican Sen. Arthur Orr of Decatur, has said it is designed to help the state pension system financially.
The bill would apply to state employees hired Jan. 1, 2013 or later.
The House will also consider a bill to keep workers convicted of a felony from receiving part of their pension.