Members of the House PERS Select Committee are evaluating opportunities to stabilize and better secure lawmakers’ commitment to current and future state retirees.

For nearly three hours on Thursday afternoon, members of the House Public Employee Retirement System (PERS) Select Committee heard how Alabama turned its once-struggling public retirement programs into a well-funded, diversified system.

Over the last 15 years, Alabama has revamped its approach to funding its public retirement system, creating multiple programs to support various sectors, including teachers, local government, state government, police and state troopers, other first responders, and the judicial system.

Legislative counsel for the Retirement Systems of Alabama said more than 70 percent of the state’s retirement f

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