16-25-120
Section 16-25-120 Cost-of-living increase in pension benefits to members and beneficiaries
of Teachers' Retirement System. Commencing October 1, 1998, there is provided to each person
currently receiving benefits whose effective date of retirement was prior to October 1, 1998,
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, 1998, for purposes of
receiving benefits from the Teachers' Retirement System, a cost-of-living increase of not
less than thirty dollars ($30) per month and the increase shall be more if determined as follows:
(1) Four percent of the current gross benefit paid to the retiree and to certain beneficiaries
of deceased members and deceased retirees. (2) Two dollars ($2) per month for each year of
service attained by the retiree for each retiree selecting the...
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16-25-80
Section 16-25-80 Cost-of-living increase provided for certain retirees and beneficiaries retiring
before October 1, 1992. There is provided to each person currently receiving benefits whose
effective date of retirement was prior to October 1, 1992, for purposes of receiving benefits
from the Teachers' Retirement System, 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 retirees or deceased member was prior to October 1, 1992, for purposes
of receiving benefits from the Teachers' Retirement System, a cost-of-living increase as follows:
(1) 1.28 percent of the current gross benefit paid to the retiree and to certain beneficiaries
of deceased members and deceased retirees. (2) One dollar and twenty-eight cents ($1.28) per
month for each year of service attained by the retiree for each retiree selecting the maximum
retirement allowance or option one. (3) One dollar and...
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16-25-81
Section 16-25-81 Cost-of-living increase provided for certain retirees participating under
Section 36-27-6. (a) Commencing October 1, 1993, there is provided to certain persons identified
in subsection (b) of this section who are currently receiving benefits, whose effective date
of retirement was prior to October 1, 1992, for purposes of receiving benefits from the Employees'
Retirement System, and to certain beneficiaries of deceased members and deceased retirees
who are currently receiving survivor benefits if the effective date of retirement or death
for the deceased member or retiree was prior to October 1, 1992, for purposes of receiving
benefits from the Employees' Retirement System, a cost-of-living increase as follows: (1)
1.28 percent of the current gross benefit paid to the retiree and to certain beneficiaries
of deceased members and deceased retirees. (2) One dollar and twenty-eight cents ($1.28) per
month for each year of service attained by the retiree for each retiree...
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36-27-19
Section 36-27-19 Increase in maximum retirement allowance of certain state, etc., employees
- 1969 10 percent increase. (a) On or after October 1, 1969, there is hereby provided to any
state employee who is receiving a retirement allowance from the Employees' Retirement System
of Alabama and who was retired prior to October 1, 1969, an increase in his maximum retirement
allowance in the amount of 10 percent, excluding those whose monthly retirement allowance
is as much as $400.00. Such increase shall be limited so as to provide not to exceed a maximum
retirement allowance of $400.00 per month. (b) On or after October 1, 1969, there is hereby
provided to any employee who was retired prior to October 1, 1969, as an employee participating
in the Employees' Retirement System of Alabama under the provisions of Section 36-27-6, an
increase in his maximum retirement allowance in the amount of 10 percent, excluding those
whose maximum retirement allowance is as much as $400.00 per month. Such...
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36-27-20
Section 36-27-20 Increase in maximum retirement allowance of certain state, etc., employees
- 1971 five percent increase. (a) On or after October 1, 1971, there is hereby provided to
any state employee who retired prior to October 1, 1971, an increase in his maximum retirement
allowance by an amount of up to five percent, excluding that part of five percent provided
by any other legislation in 1971. (b) On or after October 1, 1971, there is hereby provided
to any employee who was retired prior to October 1, 1971, as an employee participating in
the Employees' Retirement System of Alabama under the provisions of Section 36-27-6 an increase
in his maximum retirement allowance by an amount of up to five percent, excluding that part
of five percent provided by any other legislation in 1971. The employer participating under
said Section 36-27-6 as described in this subsection shall provide the funds necessary to
pay the increase in retirement allowances as described in this subsection. (c)...
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16-25-200
Section 16-25-200 Increase in benefits to members and beneficiaries. (a) Commencing October
1, 2006, there is provided a cost-of-living adjustment (COLA) in the amount of seven percent
of the current gross benefit, but not less than twenty-five dollars ($25) per month to each
person currently receiving benefits whose effective date of retirement was prior to October
1, 2005, 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, 2005, for purposes
of receiving benefits from the Teachers' Retirement System. (b) Any future survivor allowance
shall be adjusted as provided in the members' original option selection for those eligible
retirees who have selected a monthly survivor allowance payable to a designated beneficiary
upon the death of the retiree, or otherwise provided by law in the...
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16-25-17
Section 16-25-17 Increase in benefits - Cost-of- living increase for certain persons. (a) There
is hereby created a cost-of-living increase, not to exceed 15 percent in any case, which shall
be applied to the benefit of any retired teacher or any teacher who retires after October
1, 1975, whose retirement benefit, when calculated upon the 2.0125 percent factor, does not
result in a benefit increase of 15 percent as compared to the benefit to which such retired
member was entitled to receive prior to the implementation of the 2.0125 percent formula factor
provided for in Section 16-25-14 and this section. (b) Any person described in subsection
(a) of this section shall be entitled to receive an amount which, when added to the benefit
he is entitled to receive after the implementation of the 2.0125 percent formula factor, shall
be sufficient to equal an increase of 15 percent above the benefit which such person was entitled
to receive prior to the implementation of the 2.0125 percent...
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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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16-25-140
Section 16-25-140 Increase in benefits to members and beneficiaries. (a) Commencing October
1, 2000, there is provided an increase in benefits to each person currently receiving benefits
whose effective date of retirement was prior to October 1, 2000, 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, 2000, for purposes of receiving benefits
from the Teachers' Retirement System, a cost-of-living adjustment (COLA) of four percent of
the current gross benefit. In no case shall the COLA be less than fifteen dollars ($15) per
month. (b) Commencing October 1, 2000, 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, 2000, for purposes of receiving...
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16-25-15
Section 16-25-15 Increase in benefits - Ten percent. (a) On or after October 1, 1969, there
is hereby provided to any teacher who was receiving a retirement allowance from the Teachers'
Retirement System of Alabama and who was retired prior to October 1, 1969, an increase in
his or her maximum retirement allowance in the amount of 10 percent, excluding those whose
monthly retirement allowance is as much as $400.00 and that such increase shall be limited
so as to provide not to exceed a maximum retirement allowance of $400.00 per month. (b) The
Board of Control of the Teachers' Retirement System shall administer all the benefits provided
by this section under such rules and regulations as the said Board of Control may adopt not
inconsistent herewith. (c) The Board of Control of the Teachers' Retirement System shall determine
annually the amount required to pay the cost of the benefits provided in this section and
shall notify the chief fiscal officer of each employer the percentum rate...
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