Alabama SB380 provides a one-time longevity bonus payment to certain retirees and beneficiaries of the Teachers' Retirement System.
Alabama SB380 introduces a funded one-time longevity bonus payment for certain retirees and beneficiaries of the Teachers' Retirement System. The bonus is calculated at one dollar per month for each year of service, payable in October 2026. The bill specifies that the bonus is not intended to affect eligibility for Medicaid benefits. The cost of the bonus payments will be appropriated to the Teachers' Retirement System. The act becomes effective on October 1, 2026.
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