Alabama § 36-27-205 Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System

Alabama Statutes

§ 36-27-205 — 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. 12 Cost of Living Increase for Retirement Date Prior to October 1, 2005

Commencing October 1, 2006, any pensioner or annuitant who retired prior to October 1, 2005, 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 the cost-of-living increase of two percent in his or her gross monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an additional five percent increase in his or her gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month. The increase shall be granted provided the city, town, county, or public or quasi-public organi

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Commencing October 1, 2006, any pensioner or annuitant who retired prior to October 1, 2005, 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 the cost-of-living increase of two percent in his or her gross monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an additional five percent increase in his or her gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month. The increase shall be granted provided the city, town, county, or public or quasi-public organization of the state elects to fund and pay the increase.

Alabama § 36-27-205 (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.