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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/36-27-3.1.htm
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Modified:2012-06-05 09:43:48
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Title:36-27-3.1
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Body:Section 36-27-3.1

Offset of rate increases.

If the positive investment performance of any retirement system administered by the Retirement Systems of Alabama results in a decrease in the total contribution rate paid by employers and employees participating in such a system, the Retirement Systems of Alabama shall first reduce the employee contribution rate, in an effort to at least partially offset the rate increases provided for in Act 2011-676.

(Act 2011-676, p. 1805, ยง2.)