Alabama § 16-25-2 Name and Date of Establishment; Powers, Duties, Etc., of Boards of Control; Immunity of Officers, Employees, Etc

Alabama Statutes

§ 16-25-2 — Name and Date of Establishment; Powers, Duties, Etc., of Boards of Control; Immunity of Officers, Employees, Etc

Alabama § 16-25-2

Title 16Education

Ch. 25Teachers’ Retirement System

Art. 1General Provisions

This text of Alabama § 16-25-2 (Name and Date of Establishment; Powers, Duties, Etc., of Boards of Control; Immunity of Officers, Employees, Etc) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 16-25-2 (2026).

Text

(a)There shall be a retirement system which shall constitute a body corporate and shall be under the management of the Board of Control for the purpose of providing retirement allowances and other benefits under the provisions of this chapter for teachers of the State of Alabama. The retirement system shall be established as of October 1, 1940, or as soon thereafter as the Governor by proclamation declares the funds accruing to the Teachers’ Retirement System of Alabama are sufficient to meet the obligations of the “normal contribution” on October 1, of a year following 1940. It shall have the power and privileges of a corporation and shall be known as the “Teachers’ Retirement System of Alabama,” and by such name all of its business shall be transacted, all of its funds invested and all

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(a) There shall be a retirement system which shall constitute a body corporate and shall be under the management of the Board of Control for the purpose of providing retirement allowances and other benefits under the provisions of this chapter for teachers of the State of Alabama. The retirement system shall be established as of October 1, 1940, or as soon thereafter as the Governor by proclamation declares the funds accruing to the Teachers’ Retirement System of Alabama are sufficient to meet the obligations of the “normal contribution” on October 1, of a year following 1940. It shall have the power and privileges of a corporation and shall be known as the “Teachers’ Retirement System of Alabama,” and by such name all of its business shall be transacted, all of its funds invested and all of its cash and securities and other property held in trust for the purpose for which received.
(b) Any provisions of law to the contrary notwithstanding, the Boards of Control of the Teachers’ Retirement System of Alabama and the Employees’ Retirement System of Alabama shall have vested in them all powers necessary to fulfill their fiduciary duty as trustees to members of each respective system including the power to sue and be sued, complain and defend in their own names; provided, however, that as instrumentalities of the state funded by the state, the retirement systems, their officers, and employees shall be immune from suit to the same extent as the state, its agencies, officers, and employees.

Legislative History

(Acts 1939, No. 419, p. 559, § 2; Code 1940, T. 52, §363; Code 1975, §36-27B-6; Acts 1983, No. 83-616, p. 953, §§6, 7; Acts 1984, No. 84-259, p. 431, §1.)