Alabama Statutes
§ 36-27-192 — Amount of Increase - Persons Whose Employer Participated in Employees’ Retirement System
Alabama·Title 36 Public Officers and Employees·Ch. 27 State Employees’ Retirement System·Art. 11 Cost-of-Living Increases for Retirement Date Prior to October 1, 2004
Commencing October 1, 2005, each person whose employer participated in the Employees’ Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits from the Employees’ Retirement System is prior to October 1, 2004, and who is receiving a monthly allowance or is eligible to receive a monthly allowance from the Employees’ Retirement System, shall receive a cost-of-living increase as described in Section 36-27-190. Beneficiaries of deceased members or deceased retirees of employers participating in the Employees’ Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, shall receive a cost-of-living increase of four percent in their gross monthly benefit, but not less than fifteen dollars ($15) per month.
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Alabama § 36-27-192 (Amount of Increase - Persons Whose Employer Participated in Employees’ Retirement System) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2005-316, 1st Sp. Sess., p. 766, §7.)