Alabama § 45-37-123.151 Benefit Enhancements

Alabama Statutes

§ 45-37-123.151 — Benefit Enhancements

Alabama § 45-37-123.151

JurisdictionAlabama

Title 45Local Laws

Ch. 37Jefferson County

Art. 12Employees

Part 4Pension System

Subpart 7Amendments and Benefit Enhancements

This text of Alabama § 45-37-123.151 (Benefit Enhancements) 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 § 45-37-123.151 (2026).

Text

(a)Specifically, but not in limitation of the pension board’s authority to amend the plan as set forth in Section 45-37-123.150, the pension board may amend the plan to increase or enhance member benefits by cost-of-living increase, lump sum payment, or in any other form or manner as the pension board may prescribe, provided that such benefit increases or enhancements have been:

(1)Certified in a written opinion by a competent actuary that the trust fund and the anticipated receipts and liabilities are sufficient to pay for the increase or enhancement; and

(2)Set forth in written rules and regulations adopted by the pension board.

(b)In no event shall a member be entitled to any benefit increase or enhancement, including any cost-of-living increase.

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(a) Specifically, but not in limitation of the pension board’s authority to amend the plan as set forth in Section 45-37-123.150, the pension board may amend the plan to increase or enhance member benefits by cost-of-living increase, lump sum payment, or in any other form or manner as the pension board may prescribe, provided that such benefit increases or enhancements have been:
(1) Certified in a written opinion by a competent actuary that the trust fund and the anticipated receipts and liabilities are sufficient to pay for the increase or enhancement; and
(2) Set forth in written rules and regulations adopted by the pension board.
(b) In no event shall a member be entitled to any benefit increase or enhancement, including any cost-of-living increase.