§ 36-27-202 — Amount of Increase - Persons Whose Employer Participated in Employees’ Retirement System

Alabama § 36-27-202

• Jurisdiction: Alabama
• Title 36: Public Officers and Employees
• Ch. 27: State Employees’ Retirement System
• Art. 12: Cost of Living Increase for Retirement Date Prior to October 1, 2005

Text

Commencing October 1, 2006, 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, 2005, 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 36-27-200. 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 the cost-of-living increase of two percent in their gross monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an additional five percent increase in their gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month.

Legislative History

(Act 2006-510, p. 1179, §3.)