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36-27-191
Section 36-27-191 Amount of increase - Persons whose employer elects to come under provisions.
(a) Commencing October 1, 2005, each person whose employer participated 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, 2004, and
who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement
System, may receive a cost-of-living increase determined by the provisions used in Section
36-27-190, if the employer elects to come under this article. Any employer making the election
to come under the article shall bear the cost of the cost-of-living increases paid to its
employees pursuant to this section. Any employer participating under Section 36-27-6 may elect
to come under this article at any time and have the article become effective on October 1,
2005, or on October 1 of any subsequent fiscal year, and the employer...
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36-27-201
Section 36-27-201 Amount of increase - Persons whose employer elects to come under provisions.
(a) Commencing October 1, 2006, each person whose employer participated 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, 2005, and
who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement
System, may receive a cost-of-living increase determined by the provisions used in Section
36-27-200, if the employer elects to come under this article. Any employer making the election
to come under the article shall bear the cost of the cost-of-living increases paid to its
employees pursuant to this section. Any employer participating under Section 36-27-6, may
elect to come under this article at any time and have the article become effective on October
1, 2006, or on October 1 of any subsequent fiscal year and the employer...
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36-27-6
Section 36-27-6 Participation of employees of counties, cities, towns, public or quasi-public
organizations, etc. - Generally. (a) The governing board of any county, city, town or public
or quasi-public organization of the state or of any political subdivision thereof or the Alabama
Extension Service and Agricultural Experiment Station System of Auburn University may, by
resolution legally adopted to conform to rules prescribed by the Board of Control, elect to
have its officers and employees from whatever sources and in whatever manner paid become eligible
to participate in the retirement system; and the Adjutant General of the state, with the approval
of the Governor, may, by application properly prepared and submitted in conformity with rules
prescribed by the Board of Control, elect to have those employees of the Alabama National
Guard employed pursuant to 32 U.S.C.A., Section 709, and paid from federally appropriated
funds, become eligible to participate in this retirement system....
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36-27-16
Section 36-27-16 Retirement, etc., of employees; retirement allowances. (a)(1) RETIREMENT,
ETC., OF EMPLOYEES GENERALLY; ELIGIBILITY FOR SERVICE RETIREMENT BENEFITS. a. Any Tier I plan
member who withdraws from service upon or after attainment of age 60 and any Tier II plan
member who withdraws from service upon or after attainment of age 62 may retire upon written
application to the Board of Control setting forth at what time, not less than 30 days nor
more than 90 days subsequent to the execution and filing thereof, he or she desires to be
retired; provided, that any such member who became a member on or after October 1, 1963, shall
have completed 10 or more years of creditable service; provided further, that a Tier I plan
member employed as a state policeman shall be eligible to file application for service retirement
upon attaining age 52 and a Tier II plan member employed as a state policeman or employed
as a correctional officer, firefighter, or law enforcement officer as defined...
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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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16-13-281
Section 16-13-281 Average salaries to match national average; funding; compliance. (a) The
average salary of Alabama teachers, including the State Minimum Salary Schedule, local salary
supplementals, state incentive pay such as National Board of Professional Teaching Standards
certification, and any other salary compensation paid to Alabama teachers, shall be increased
to the national average for teacher salaries as provided in this article. Beginning in the
fiscal year 2001-2002, and continuing each fiscal year thereafter until such time as the Alabama
teacher salary average has reached the national average for teacher salaries, there shall
be allocated 41.15 percent of the growth in the Education Trust Fund for teacher salaries.
The 41.15 percent of the growth shall not apply to any future new revenue source to the Education
Trust Fund, including any revenue generated from an increase in the rate or a substantial
change in the base of existing revenue sources. Provided, however, an...
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16-25-21
Section 16-25-21 Method of financing. 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, 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. (1) 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: a. Each
employer shall cause to be deducted from the salary of each member on each and every payroll
of such employer for each and every payroll period five...
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36-27-132
Section 36-27-132 Amount of increase - Persons whose employer participated in Employees' Retirement
System. Commencing October 1, 1996, each person whose employer participates 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, 1996, and who is receiving a monthly allowance or is eligible 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 twelve dollars and fifty cents ($12.50) per month and the increase shall
be more if determined as follows: (1) Two percent...
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36-27-94
Section 36-27-94 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System; certain beneficiaries. (a) Commencing October 1, 1993, each
person, except those whose employer participated in the Employees' Retirement System pursuant
to Sections 36-27-6, 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, 1992, and
who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement
System, shall receive a cost-of-living increase determined by computing the sum of the following
three factors: (1) One and twenty-eight hundredths percent of the individual's current monthly
benefit, including all previous increases. (2) One dollar and twenty-eight cents for each
year of creditable service in covered employment prior to retirement. (3) One dollar and twenty-eight
cents for each year since the effective date of...
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36-27-152
Section 36-27-152 Amount of increase - Persons whose employer participated in Employees' Retirement
System. Commencing October 1, 2000, 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 July
1, 2000, 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 36-27-150. 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 be entitled to the increase the retiree has attained under the provisions in Section
36-27-150. No retiree or beneficiary of this class shall receive a benefit increase of less
than twenty-five dollars ($25) per month. (Act 2000-809, p....
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