Alabama § 36-27-195 Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System

Alabama Statutes

§ 36-27-195 — 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. 11 Cost-of-Living Increases for Retirement Date Prior to October 1, 2004

Commencing October 1, 2005, any pensioner or annuitant who retired prior to October 1, 2004, 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 four 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 and pay the increase.

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Commencing October 1, 2005, any pensioner or annuitant who retired prior to October 1, 2004, 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 four 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 and pay the increase.

Alabama § 36-27-195 (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.