|
36-27-21.2
Section 36-27-21.2 Increase in maximum retirement allowance of certain state, etc., employees
- 1980 cost-of-living increase. (a) There is hereby provided, commencing October 1, 1980,
to any person retired prior to October 1, 1979, under the Teachers' Retirement System or Employees'
Retirement System of Alabama and who is receiving a retirement allowance therefrom, a cost-of-living
increase in his maximum retirement allowance as follows: (1) If such person retired prior
to October 1, 1963, a 15 percent increase in his maximum retirement allowance; provided, that
he shall receive an increase of not less than $30.00, nor more than $60.00 per month; and
provided further that, if such person retired under the provisions of Section 36-27-7 and/or
Section 36-27-7.1, he shall receive an increase of not less than $15.00, nor more than $40.00,
per month. (2) If such person retired on or after October 1, 1963, but prior to October 1,
1973, a 10 percent increase in his maximum retirement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.2.htm - 8K - Match Info - Similar pages
36-27-133
Section 36-27-133 Funding of benefits. The cost-of-living increase granted to certain retired
persons under the Employees' Retirement System by this article may be financed, if possible,
from existing funds of the Employees' Retirement System subject to the following provisions
and conditions: (1) If the actuary for the Employees' Retirement System finds that the cost-of-living
increase can be paid for the 1996-97 fiscal year from existing funds of the system without
having a serious adverse actuarial impact on the system, beginning October 1, 1996, the Board
of Control of the system may pay the cost-of-living increase provided in this article. It
is the intent of this article as pertains to funding similar increases in the future, that
the funding thereof shall be in accordance with the actuarial soundness requirements of Section
36-27-26. If the actuarial estimate of the cost involved in funding the cost-of-living increase
provided by this article, as required by Section 36-27-26, is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-133.htm - 1K - Match Info - Similar pages
36-27-21.1
Section 36-27-21.1 Increase in maximum retirement allowance of certain state, etc., employees
- 1978 cost-of-living increase and cost-of-living increases thereafter. (a) Except as hereinafter
provided, each person having retired under the provision of statutes governing the Teachers'
Retirement System or the Employees' Retirement System of Alabama prior to October 1, 1977,
shall be entitled to receive, in addition to present benefits, a supplemental benefit in an
amount based upon his present benefits, according to the following schedule: Present Benefits
Supplemental Benefit ($ per month) ($ per month) Less than 200.00 60.00 200.00 - 299.00 40.00
300.00 - or over 30.00 (b) There is hereby appropriated from the Education Trust Fund to the
Teachers' Retirement System of Alabama the sum of $6,424,920.00 (estimated), or as much as
is necessary to carry out the provisions of this section as they relate to the Teachers' Retirement
System of Alabama, for the fiscal year beginning October 1,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.1.htm - 5K - 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
36-27-202
Section 36-27-202 Amount of increase - Persons whose employer participated in Employees' Retirement
System. Commencing October 1, 2006, each person whose employer participated in the Employees'
Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective date of retirement
for purposes of receiving benefits from the Employees' Retirement System is prior to October
1, 2005, and who is receiving a monthly allowance or is eligible to receive a monthly allowance
from the Employees' Retirement System, shall receive a cost-of-living increase as described
in Section 36-27-200. Beneficiaries of deceased members or deceased retirees of employers
participating in the Employees' Retirement System pursuant to Sections 36-27-7 and 36-27-7.1,
shall receive the cost-of-living increase of two percent in their gross monthly benefit which
the Legislature committed to in Section 14 of Act 2005-316, plus an additional five percent
increase in their gross monthly benefit. The increase...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-202.htm - 1K - Match Info - Similar pages
16-25-190
Section 16-25-190 Increase in benefits to members and beneficiaries. (a) Commencing October
1, 2005, there is provided an increase in benefits to each person currently receiving benefits
whose effective date of retirement was prior to October 1, 2004, 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, 2004, for purposes of receiving benefits
from the Teachers' Retirement System, a cost-of-living adjustment (COLA) of four percent of
the current gross benefit, but not less than fifteen dollars ($15) per month. (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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-190.htm - 2K - Match Info - Similar pages
36-27-192
Section 36-27-192 Amount of increase - Persons whose employer participated in Employees' Retirement
System. Commencing October 1, 2005, each person whose employer participated in the Employees'
Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective date of retirement
for purposes of receiving benefits from the Employees' Retirement System is prior to October
1, 2004, and who is receiving a monthly allowance or is eligible to receive a monthly allowance
from the Employees' Retirement System, shall receive a cost-of-living increase as described
in Section 36-27-190. Beneficiaries of deceased members or deceased retirees of employers
participating in the Employees' Retirement System pursuant to Sections 36-27-7 and 36-27-7.1,
shall receive a cost-of-living increase of four percent in their gross monthly benefit, but
not less than fifteen dollars ($15) per month. (Act 2005-316, 1st Sp. Sess., p. 766, ยง7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-192.htm - 1K - Match Info - Similar pages
45-37A-51.242
Section 45-37A-51.242 Cost of living increases; future benefits (a) Upon approval of the governing
body of the municipality primarily served by the system and upon approval of the board of
managers, an increase in the amount of benefits, including improvements in the terms of benefits:
(1) for future retirees, benefits or improvements such as earlier vesting, decreased retirement
age, increase in multiplier used in calculating monthly benefit, or other like improvements
may be granted; and (2) for current retirees cost of living increases may be granted, subject
to the requirements of the United States Internal Revenue Code and regulations therewith.
Such increases shall apply to participants or retirees of the board of health. (b) Prior to
approving an increase in the above described benefits, the board shall obtain the actuarial
evaluation of the fund. Such evaluation shall project the actuarial cost of benefits for the
succeeding plan year and shall combine therewith the applicable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.242.htm - 2K - Match Info - Similar pages
12-18-92
Section 12-18-92 1984 cost of living increase. (a) There is hereby provided, commencing October
1, 1984, to any probate judge retired prior to October 1, 1983, under the Judicial Retirement
Fund of Alabama and who is receiving a retirement allowance therefrom, a cost-of-living increase
in his maximum retirement allowance as follows: (1) If such person retired prior to October
1, 1979, a 15 percent increase in his maximum retirement allowance. (2) If such person retired
on or after October 1, 1979, but prior to October 1, 1981, a 10 percent increase in his maximum
retirement allowance. (3) If such person retired on or after October 1, 1981, but prior to
October 1, 1983, a five percent increase in his maximum retirement allowance. (b) Any person
retired under the Judicial Retirement Fund of Alabama who assumed office for the first time
on or after July 30, 1979, for purposes of this section, shall not be entitled to receive
the cost-of-living increase provided. (c) The board of control...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-92.htm - 2K - Match Info - Similar pages
36-27-131
Section 36-27-131 Amount of increase - Persons whose employer elects to come under provisions.
Commencing October 1, 1996, each person whose employer participates in the Employees' Retirement
System pursuant to Section 36-27-6, whose effective date of retirement for purposes of receiving
benefits from the Employees' Retirement System is prior to October 1, 1996, and who is receiving
or is entitled to receive a monthly allowance from the Employees' Retirement System, and 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, 1996, for purposes of receiving benefits from the Employees' Retirement
System, shall receive a cost-of-living increase of not less than twenty-five dollars ($25)
per month and the increase shall be more if determined by the formula used in Section 36-27-130.
Any employer may elect by July 1, 1997, to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-131.htm - 1K - Match Info - Similar pages
|