§ 16-25-60 — Cost-of-Living Increase to Persons Retiring Before October 1, 1989

Alabama § 16-25-60

• Jurisdiction: Alabama
• Title 16: Education
• Ch. 25: Teachers’ Retirement System
• Art. 3: Cost of Living Increase Where Effective Date of Retirement Prior to October 1, 1989

Text

There is hereby provided, commencing October 1, 1990 to each person whose effective date of retirement for purposes of receiving benefits from the Teachers’ Retirement System is prior to October 1, 1989, a cost-of-living increase of $1.00 per month for each year of creditable service attained by said retiree plus $3.00 per month for each year of retirement attained by said retiree.

Legislative History

(Acts 1990, No. 90-625, p. 1140, §1.)