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36-27-194
Section 36-27-194 Pensioners who retired prior to membership of employer in system; beneficiaries.
(a) Commencing October 1, 2005, 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, 2004, administered by the Employees'
Retirement System may receive an increase in benefits of four percent, except that no pensioner
shall receive an increase of less than fifteen dollars ($15) per month, provided the retired
employee retired prior to October 1, 2004, and the employer decides to come under the provisions
of this article and fund the increase. (b) Commencing October 1, 2005, beneficiaries of Employees'
Retirement System pensioners shall receive an increase of four percent of their gross monthly
benefit, but not less than fifteen dollars...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-194.htm - 1K - Match Info - Similar pages
36-27-21.5
Section 36-27-21.5 Cost-of-living increase for persons who retired before October 1, 1984;
retirees under Judicial Retirement Fund ineligible; funding of increase; eligibility of persons
retired from unit participating under Section 36-27-6; persons whose Medicaid benefits would
be impaired are ineligible; construction with other laws. (a) There is hereby provided contingent
upon the funding provisions of subsection (c) of this section, commencing October 1, 1985,
to each person whose effective date of retirement for purposes of receiving benefits from
the Employees' Retirement System was prior to October 1, 1984, a cost-of-living increase of
$2.00 per month for each year of creditable service attained by said member; provided, however,
that any person retired under the provisions of Section 36-27-7, or 36-27-7.1, shall receive
an increase of $1.00 per month for each year of creditable service attained by said member.
(b) Any person retired under the Judicial Retirement Fund of Alabama...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.5.htm - 6K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-200.htm - 2K - Match Info - Similar pages
36-27-21.3
Section 36-27-21.3 Cost-of-living increases; funding. (a) There is hereby provided, commencing
October 1, 1982, to any person retired prior to October 1, 1981, under the Teachers' Retirement
System or Employees' Retirement System of Alabama and who is receiving a retirement allowance
therefrom, a cost-of-living increase of $1.00 per month for each year of creditable service
attained by said member; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 shall receive an increase of $.50 per month for each year of creditable service
attained by said member. In addition to the foregoing amount an additional $1.00 per month
increase may be granted upon the occurrence of certain conditions set forth in subsection
(e) of this section; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 may receive an additional $.50 per month increase upon the occurrence of certain
conditions pursuant to subsection (e) of this section. Effective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.3.htm - 9K - Match Info - Similar pages
16-25-41
Section 16-25-41 Persons whose date of retirement is prior to October 1, 1987 or beneficiaries
of deceased members or retirees entitled to cost-of-living increases - Additional adjustments.
In addition to the foregoing amount an additional cost-of-living adjustment is provided effective
October 1, 1989 as follows: (1) One dollar per month for each year of service attained by
said retiree for each retiree selecting the maximum retirement allowance or Option 1. (2)
One dollar per month for each year of service attained by said retiree reduced by the retiree's
option election factor for each retiree selecting Options 2, 3 or 4. (3) One dollar per month
for each year of service attained by said deceased member or deceased retiree reduced by the
survivor's option factor for each beneficiary receiving monthly benefits from the Teachers'
Retirement System. (Acts 1988, No. 88-600, p. 932, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-41.htm - 1K - Match Info - Similar pages
36-27-24
Section 36-27-24 Funds for assets of retirement system - Creation; composition; disposition
of funds; appropriations. (a) Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely, the Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date and the balance of the former Pension Reserve Fund shall be transferred to
the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be
transferred to the Pension Accumulation Fund. (b) Annuity Savings Fund. The Annuity Savings
Fund shall be a fund in which shall be accumulated contributions from the compensation of
members to provide for their annuities. Contributions to and payments from the Annuity Savings
Fund shall be made as follows: Effective October 1, 1971, each employer shall...
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36-26-36.1
Section 36-26-36.1 Conversion of unused sick leave into membership service for retirement purposes.
(a) Any Tier I plan member of the Teachers' or Employees' Retirement System of Alabama not
otherwise covered by a provision to convert unused sick leave into membership service for
purposes of service retirement may, at their option and in lieu of receiving payment for 50
percent of their accrued and unused sick leave at the time of their retirement as provided
in Section 36-26-36, or any other payment that may be provided for such unused sick leave,
use their accrued sick leave, up to a maximum number of 180 accrued sick leave days or as
otherwise allowed by law, whichever is greater, to be included as membership service in determining
the total years of creditable service in the Employees' Retirement System of Alabama or the
Teachers' Retirement System of Alabama; provided that no employee of an employer participating
in the Employees' Retirement System pursuant to Section 36-27-6...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-26-36.1.htm - 2K - Match Info - Similar pages
16-25-61
Section 16-25-61 Cost-of-living increase to certain retirees participating under Section 36-27-6.
(a) There is hereby provided, commencing October 1, 1990, to certain persons identified in
subsection (b) herein, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 1989, a cost-of-living increase
of $1.00 per month for each year of service attained by said retiree plus $3.00 per month
for each year of retirement attained by said retiree. (b) The benefits provided in this section
are limited to those retirees whose participation in the Employees' Retirement System was
based on Section 36-27-6, and whose employer at the time of retirement was a local board of
education or a state supported institution of higher education. The benefits granted herein
shall not apply to any other participants in the Employees' Retirement System. (Acts 1990,
No. 90-625, p. 1140, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-61.htm - 1K - Match Info - Similar pages
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,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-204.htm - 1K - Match Info - Similar pages
36-27-98
Section 36-27-98 Certain pensioners and annuitants, retired from local units before units became
members and receiving benefits, may receive increase; certain local units may provide increase.
(a) Any pensioner who retired from a city, town, county, or local board before the city, town,
county, or local board became a member of the Employees' Retirement System, and who is receiving
a monthly benefit on May 13, 1993, administered by the Employees' Retirement System, may receive
an increase in benefits in the amount of $60 per month if the city, town, county, or local
board elects to fund the increase, provided the pensioner retired prior to October 1, 1992.
For purposes of this section, a pensioner is a retiree who earned retirement in any public
pension plan created by the Legislature or a political subdivision. (b) Any annuitant who
retired from a city, town, county, or local board before the city, town, county, or local
board became a member of the Employees' Retirement System, and...
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