Alabama § 36-27B-5 Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program

Alabama Statutes

§ 36-27B-5 — Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program

Alabama § 36-27B-5

Title 36Public Officers and Employees

Ch. 27BPreretirement Death Benefit Program

This text of Alabama § 36-27B-5 (Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 36-27B-5 (2026).

Text

Should the actuaries employed by the respective Boards of Control certify a decrease in the rate of employer contributions as set forth in subdivisions (3) and (5) of Section 16-25-21 and subsections (d) and (f) of Section 36-27-24, the Boards of Control may by joint resolution declare the provisions of this chapter to become effective on October 1 next following the adoption of said resolution. Amounts sufficient to fund the provisions of this chapter shall thereafter be made in the same manner as the regular appropriations to the Teachers’ and Employees’ Retirement Systems, and shall be deposited in the fund established in Section 36-27B-2.

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Should the actuaries employed by the respective Boards of Control certify a decrease in the rate of employer contributions as set forth in subdivisions (3) and (5) of Section 16-25-21 and subsections (d) and (f) of Section 36-27-24, the Boards of Control may by joint resolution declare the provisions of this chapter to become effective on October 1 next following the adoption of said resolution. Amounts sufficient to fund the provisions of this chapter shall thereafter be made in the same manner as the regular appropriations to the Teachers’ and Employees’ Retirement Systems, and shall be deposited in the fund established in Section 36-27B-2.