§ 36-31-3 — Applicability of Provisions of Chapter

Alabama § 36-31-3

• Jurisdiction: Alabama
• Title 36: Public Officers and Employees
• Ch. 31: Administration of Funds of Pension and Retirement Plans of Municipalities, Counties and Certain State Agencies or Institutions

Text

This chapter shall apply to each and every retirement and pension plan enacted by the Legislature of the State of Alabama which does not specifically designate a trustee, board of trustees, committee or other person or persons to administer, invest, reinvest, hold or dispense funds of the retirement and pension plan; and this chapter shall apply to each and every retirement and pension plan enacted by the Legislature of the State of Alabama which designates a pension board or other person or persons whose powers and duties with respect to the retirement and pension plan are limited to dispensing benefits and to handling administrative duties which exclude investing, reinvesting and holding funds of the retirement and pension plan.

Legislative History

(Acts 1963, No. 540, p. 1158, §3.)