27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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36-27-137
Section 36-27-137 Election by local administrative unit. Any county board, department, or agency
responsible for the local administration of a program for a state board, department, or agency
affiliated with the Employees' Retirement System on October 1, 1996, may provide the cost-of-living
increase pursuant to this article to any retiree or beneficiary who retired prior to such
entities participation in the Employees' Retirement System if the local administrative unit
elects to fund the increase. (Acts 1996, No. 96-572, p. 874, §12.)...
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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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36-27-126
Section 36-27-126 Election by local administrative unit. Any county board, department, or agency
responsible for the local administration of a program for a state board, department, or agency
affiliated with the Employees' Retirement System on October 1, 1994, may provide the cost-of-living
increase pursuant to this article to any retiree or beneficiary who retired prior to October
1, 1994, if the local administrative unit elects to fund the increase. (Acts 1994, No. 94-232,
p. 317, §7.)...
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36-27-148
Section 36-27-148 Election by local administrative unit. Any county board, department, or agency
responsible for the local administration of a program for a state board, department, or agency
affiliated with the Employees' Retirement System on October 1, 1998, may provide the cost-of-living
increase pursuant to this article to any retiree or beneficiary who retired prior to July
1, 1998, if the local administrative unit elects to fund the increase. (Act 98-272, p. 446,
§9.)...
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36-27-159
Section 36-27-159 Election by local administrative unit. Any county board, department, or agency
responsible for the local administration of a program for a state board, department, or agency
affiliated with the Employees' Retirement System on October 1, 2000, may provide the cost-of-living
increase pursuant to this article to any retiree or beneficiary who retired prior to July
1, 2000, if the local administrative unit elects to fund the increase. (Act 2000-809, p. 1921,
§ 10.)...
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36-27-21.7
Section 36-27-21.7 Cost-of-living increases to certain retirees whose retirement is based on
employer participation under Section 36-27-6; amounts; election by employer; construction
of section. (a) There is hereby provided, to each pensioner, annuitant and retiree of any
retirement plan other than the Employees' Retirement System whose retirement is based upon
service to an employer participating in the Employees' Retirement System under Section 36-27-6,
and whose effective date of retirement is prior to October 1, 1989, a cost-of-living increase
of ten percent of his current monthly benefit; provided, however, such increase shall not
be less than $20.00 nor more than $50.00 per month. (b) There is hereby provided, to each
pensioner whose retirement is based upon service to an employer participating in the Employees'
Retirement System under Section 36-27-6, but who retired prior to such employer's participation
in the said Employees' Retirement System and who receives a monthly...
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36-27-124
Section 36-27-124 Notification of employers who have withdrawn from participation. The Board
of Control of the Employees' Retirement System may notify any employer who participated in
the Employees' Retirement System and has withdrawn from participation on March 18, 1994 that
the cost-of-living increases provided by this article and Article 3A of this chapter, are
available to their retirees and beneficiaries provided the employer elects to fund the increase.
(Acts 1994, No. 94-232, p. 317, §5.)...
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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...
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36-27-134
Section 36-27-134 Notification of employers who have withdrawn from participation. The Board
of Control of the Employees' Retirement System may notify any employer who participated in
the Employees' Retirement System and has withdrawn from participation on October 1, 1996 that
the cost-of-living increases provided by this article and Act No. 93-604, 1993 Regular Session,
and Act No. 94-232, 1994 Regular Session, as amended by Act No. 94-768, 1994 Special Session,
are available to their retirees and beneficiaries provided the employer elects to fund the
increase. (Acts 1996, No. 96-572, p. 874, §9.)...
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