Alabama § 16-25-40 Persons Whose Date of Retirement Is Prior to October 1, 1987 or Beneficiaries of Deceased Members or Retirees Entitled to Cost of Living Increases

Alabama Statutes

§ 16-25-40 — Persons Whose Date of Retirement Is Prior to October 1, 1987 or Beneficiaries of Deceased Members or Retirees Entitled to Cost of Living Increases

Alabama § 16-25-40

Title 16Education

Ch. 25Teachers’ Retirement System

Art. 2Cost of Living Increase Where Effective Date of Retirement Prior to October 1, 1987

This text of Alabama § 16-25-40 (Persons Whose Date of Retirement Is Prior to October 1, 1987 or Beneficiaries of Deceased Members or Retirees Entitled to Cost of Living Increases) 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 § 16-25-40 (2026).

Text

There is hereby provided, commencing October 1, 1988, to each person whose effective date of retirement for purposes of receiving benefits from the Teachers’ Retirement System is prior to October 1, 1987, and to beneficiaries of deceased members or deceased retirees provided the date of death for such deceased member or the effective date of retirement for such deceased retiree for purposes of receiving benefits from the Teachers’ Retirement System was prior to October 1, 1987, and who is receiving a monthly allowance from the Teachers’ Retirement System a cost-of-living increase as follows:

(1)One dollar per month for each year of service attained by said retiree for each retiree selecting the maximum retirement allowance or Option 1.

(2)One dollar per month for each year of service att

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There is hereby provided, commencing October 1, 1988, to each person whose effective date of retirement for purposes of receiving benefits from the Teachers’ Retirement System is prior to October 1, 1987, and to beneficiaries of deceased members or deceased retirees provided the date of death for such deceased member or the effective date of retirement for such deceased retiree for purposes of receiving benefits from the Teachers’ Retirement System was prior to October 1, 1987, and who is receiving a monthly allowance from the Teachers’ Retirement System a cost-of-living increase as follows:
(1) One dollar per month for each year of service attained by said retiree for each retiree selecting the maximum retirement allowance or Option 1.
(2) One dollar per month for each year of service attained by said retiree reduced by the retiree’s option election factor for each retiree selecting Options 2, 3 or 4.
(3) One dollar per month for each year of service attained by said deceased member or deceased retiree reduced by the survivor’s option factor for each beneficiary receiving monthly benefits from the Teachers’ Retirement System.