Alabama § 36-27E-4 Creation, Management, and Control of State Employee Retirees’ Trust Fund

Alabama Statutes

§ 36-27E-4 — Creation, Management, and Control of State Employee Retirees’ Trust Fund

Alabama·Title 36 Public Officers and Employees·Ch. 27E State Employee Retirees’ Trust Fund Funding Act of 2022

(a)There is created the State Employee Retirees’ Trust Fund evidenced by a written trust instrument, the terms and conditions of which shall be determined by the Board of Control creating the trust fund.

(b)The trust shall be managed and controlled by its trustees. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the trust for all reasonable and necessary expenses that they incur in connection with their service as trustees.

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(a) There is created the State Employee Retirees’ Trust Fund evidenced by a written trust instrument, the terms and conditions of which shall be determined by the Board of Control creating the trust fund.
(b) The trust shall be managed and controlled by its trustees. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the trust for all reasonable and necessary expenses that they incur in connection with their service as trustees.

Alabama § 36-27E-4 (Creation, Management, and Control of State Employee Retirees’ Trust Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.