Alabama § 36-27-146 Beneficiaries of Pensioners Formerly Participating in Retirement Program of Class 1 Municipalities

Alabama Statutes

§ 36-27-146 — Beneficiaries of Pensioners Formerly Participating in Retirement Program of Class 1 Municipalities

Alabama·Title 36 Public Officers and Employees·Ch. 27 State Employees’ Retirement System·Art. 7 Cost of Living Increase for Retirement Date Prior to October 1, 1998

Commencing October 1, 1998, beneficiaries of pensioners formerly participating in a retirement program of a Class 1 municipality but whose benefits are currently administered by the Employees’ Retirement System shall receive a monthly increase of sixty-five dollars ($65) provided the local public board elects to fund the increase. All other beneficiaries of Employees’ Retirement System pensioners shall receive an increase of thirty dollars ($30) per month provided the local units elect to fund the increase.

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Commencing October 1, 1998, beneficiaries of pensioners formerly participating in a retirement program of a Class 1 municipality but whose benefits are currently administered by the Employees’ Retirement System shall receive a monthly increase of sixty-five dollars ($65) provided the local public board elects to fund the increase. All other beneficiaries of Employees’ Retirement System pensioners shall receive an increase of thirty dollars ($30) per month provided the local units elect to fund the increase.

Alabama § 36-27-146 (Beneficiaries of Pensioners Formerly Participating in Retirement Program of Class 1 Municipalities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.