16-25-82
Section 16-25-82 Appropriations; funding for benefits. (a) There is appropriated from the Education
Trust Fund to the Teachers' Retirement System of Alabama $20,610,644 for the fiscal year beginning
October 1, 1993. (b) There is appropriated from the Education Trust Fund to the Employees'
Retirement System $38,320 for the fiscal year beginning October 1, 1993, to partially defray
the costs of this section as they relate to retired employees of local boards of education
and state institutions of higher education who are retired under the Employees' Retirement
System. (c) The Board of Control of the Teachers' Retirement System shall determine annually
the amount to pay the cost of the benefits provided in this article and shall notify the chief
fiscal officer of each employer the percentum rate of earnable compensation required to be
paid to the retirement system. Each employer of members of the Teachers' Retirement System
of Alabama shall pay on account of the increase provided in this...
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36-27-21.4
Section 36-27-21.4 Cost-of-living increase for persons whose date of retirement is prior to
October 1, 1984; funding; eligibility where Medicaid eligibility would be impaired. (a)(1)
There is hereby provided, commencing October 1, l985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Teachers' Retirement System, is
prior to October 1, 1984, and who is receiving an allowance therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member. (2)
There is hereby provided, commencing October 1, 1985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Employees' Retirement System, is
prior to October 1, 1984, and who is receiving benefits therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member provided
that only those retired members of the Employees' Retirement System whose...
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36-27-7
Section 36-27-7 Participation of employees of counties, cities, towns, public or quasi-public
organizations, etc. - Employees of Cooperative Extension Service of Auburn University under
federal appointment. (a) Any law to the contrary notwithstanding, the governing board of Auburn
University may, by resolution legally adopted, elect to have its employees, from whatever
sources and in whatever manner paid, become eligible to participate in the Employees' Retirement
System of the State of Alabama under the provisions of Section 36-27-6; provided, that all
contributions and benefits shall be computed based on a percentage, not to exceed 50 percent,
of each employee's total salary; and provided further, that such percentage shall be expressly
stipulated in the aforesaid resolution and that the resolution must expressly state that such
percentage shall be applied uniformly to all employees covered thereunder. The funding responsibility
of the employer, and the resolution referred to above...
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45-37-171.20
Section 45-37-171.20 Cost-of-living increases for certain retirees. (a)(1) Effective retroactively
to October 1, 2000, each retiree of the Jefferson County Department of Health receiving monthly
benefits from the City of Birmingham Retirement and Relief System, whose effective date of
retirement was after the department elected to become a member in the Employees' Retirement
System and prior to October 1, 2000, shall receive a cost-of-living increase of four percent
in his or her gross monthly benefit, but not less than twenty-five dollars ($25) per month.
(2) Beneficiaries of deceased retirees referenced in subdivision (1) shall receive the cost-of-living
increase in the amount attained by the retiree. The increase shall not be less than twenty-five
dollars ($25) per month. (b) When future cost-of-living increases are provided to the Jefferson
County Department of Health retirees and their beneficiaries who are receiving monthly benefits
from the Employees' Retirement System, the same...
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16-25-2
Section 16-25-2 Name and date of establishment; powers, duties, etc., of Boards of Control;
immunity of officers, employees, etc. (a) There shall be a retirement system which shall constitute
a body corporate and shall be under the management of the Board of Control for the purpose
of providing retirement allowances and other benefits under the provisions of this chapter
for teachers of the State of Alabama. The retirement system shall be established as of October
1, 1940, or as soon thereafter as the Governor by proclamation declares the funds accruing
to the Teachers' Retirement System of Alabama are sufficient to meet the obligations of the
"normal contribution" on October 1, of a year following 1940. It shall have the
power and privileges of a corporation and shall be known as the "Teachers' Retirement
System of Alabama," and by such name all of its business shall be transacted, all of
its funds invested and all of its cash and securities and other property held in trust for
the...
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16-25-62
Section 16-25-62 Appropriation; funding for benefits. (a) There is hereby appropriated from
the Education Trust Fund to the Teachers' Retirement System of Alabama $13,878,629.00 for
the fiscal year beginning October 1, 1990. In addition to the appropriation provided herein
any available amounts from the existing funds of the Teachers' Retirement System which may
be expended without increasing the unfunded accrued liability of the Teachers' Retirement
System, as determined by the system's actuary, or any other appropriation to the Teachers'
Retirement System for the fiscal year beginning October 1, 1990, may be allocated and expended
by the Secretary-Treasurer to partially fund the benefits provided herein for the fiscal year
beginning October 1, 1990. In the event that funding from the Teachers' Retirement System
is utilized to fund a portion of the benefits provided herein for the fiscal year beginning
October 1, 1990 and in the further event that unencumbered funds shall be available...
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36-27-133
Section 36-27-133 Funding of benefits. The cost-of-living increase granted to certain retired
persons under the Employees' Retirement System by this article may be financed, if possible,
from existing funds of the Employees' Retirement System subject to the following provisions
and conditions: (1) If the actuary for the Employees' Retirement System finds that the cost-of-living
increase can be paid for the 1996-97 fiscal year from existing funds of the system without
having a serious adverse actuarial impact on the system, beginning October 1, 1996, the Board
of Control of the system may pay the cost-of-living increase provided in this article. It
is the intent of this article as pertains to funding similar increases in the future, that
the funding thereof shall be in accordance with the actuarial soundness requirements of Section
36-27-26. If the actuarial estimate of the cost involved in funding the cost-of-living increase
provided by this article, as required by Section 36-27-26, is...
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36-27-2
Section 36-27-2 Creation; designation; purpose, powers, privileges, management, etc., thereof
generally; powers, duties, etc., of Board of Control; immunity of state officers, etc. (a)
A retirement system is hereby established as a body corporate and placed under the management
of the Board of Control for the purpose of providing retirement allowances and other benefits
under the provisions of this article for employees of the State of Alabama. The retirement
system so created shall be established as of October 1, 1945. It shall have the power and
privileges of a corporation and shall be known as the "Employees' Retirement System of
Alabama," and by such name all of its business shall be transacted, all of its funds
invested and all of its cash and securities and other property held in trust for the purpose
for which received. (b) Any provision of law to the contrary notwithstanding, the Boards of
Control of the Teachers' Retirement System of Alabama and the Employees' Retirement...
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36-27-204
Section 36-27-204 Pensioners who retired prior to membership of employer in system; beneficiaries.
(a) Commencing October 1, 2006, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 2005, administered by the Employees'
Retirement System may receive the cost-of-living increase of two percent in his or her gross
monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an
additional five percent increase in his or her gross monthly benefit, except that no pensioner
shall receive an increase of less than twenty-five dollars ($25) per month, provided the retired
employee retired prior to October 1, 2005, and the employer decides to come under this article
and fund the increase. (b) Commencing October 1, 2006,...
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16-25-170
Section 16-25-170 Increase in benefits to members and beneficiaries. (a) Commencing October
1, 2002, there is provided an increase in benefits to each person currently receiving benefits
whose effective date of retirement was prior to October 1, 2001, for purposes of receiving
benefits, and to certain beneficiaries of deceased members and deceased retirees currently
receiving survivor benefits, if the effective date of retirement or death for the deceased
retiree or deceased member was prior to October 1, 2001, for purposes of receiving benefits
from the Teachers' Retirement System, a cost-of-living adjustment (COLA) of three percent
of the current gross benefit, but not less than fifteen dollars ($15) per month. (b) Commencing
October 1, 2002, there is provided an increase in benefits to certain persons identified in
this subsection who are currently receiving benefits whose effective date of retirement was
prior to October 1, 2001, for purposes of receiving benefits from the...
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