Alabama § 36-27-186 Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System

Alabama Statutes

§ 36-27-186 — Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System

Alabama·Title 36 Public Officers and Employees·Ch. 27 State Employees’ Retirement System·Art. 10 Cost-of-Living Increase for Retirement Date Prior to October 1, 2001

Commencing October 1, 2002, any pensioner or annuitant who retired prior to October 1, 2001, from a city, town, county, or public or quasi-public organization of the state before the city, town, county, or public or quasi-public organization of the state became a member of the Employees’ Retirement System and is receiving a monthly benefit not administered by the Employees’ Retirement System shall receive an increase of three percent of their gross monthly benefit, but not less than fifteen dollars ($15) per month, provided the city, town, county, or public or quasi-public organization of the state elects to fund the increase.

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Commencing October 1, 2002, any pensioner or annuitant who retired prior to October 1, 2001, from a city, town, county, or public or quasi-public organization of the state before the city, town, county, or public or quasi-public organization of the state became a member of the Employees’ Retirement System and is receiving a monthly benefit not administered by the Employees’ Retirement System shall receive an increase of three percent of their gross monthly benefit, but not less than fifteen dollars ($15) per month, provided the city, town, county, or public or quasi-public organization of the state elects to fund the increase.

Alabama § 36-27-186 (Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.