In this latest Guide to the Issue, API breaks down Statewide Amendment 1, which would make cost-saving changes to the retirement plans of future judges and district attorneys.
Alabama’s Judicial Retirement Fund is currently only 58% funded. Alabama taxpayers contributed $15.5 million to the plan in 2015 and will contribute an estimated $18.4 million in 2016.
Passage of Amendment 1 will place the Judicial Retirement Fund on a more stable financial trajectory. It is expected to save the state between $10-15 million annually.