16-25-43
Section 16-25-43 Persons in the Employees' Retirement System 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. (a) 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. (b) The benefits
provided in this section are limited to those retirees and beneficiaries of...
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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...
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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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16-25-14
Section 16-25-14 Retirement of members; benefits generally. (a)(1) 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, or in the case of a Tier II plan
member who is a correctional officer, firefighter, or law enforcement officer as defined in
Section 36-27-59, who withdraws from service upon or after attainment of age 56 with at least
ten years of creditable service as a correctional officer, firefighter, or law enforcement
officer 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. (2) Any
Tier I plan member who has attained age 60 and any Tier II plan member who...
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45-49A-60
Section 45-49A-60 Retirement benefits. (a) This section shall apply to any municipality in
the State of Alabama having a population, according to the latest federal census, between
175,000 and 225,000 persons. (b) Any elected official of any such municipality who previously
has served, or who is presently serving, or who in the future may serve as such elected official,
and serves for a period of not less than 12 years, shall be paid a retirement benefit equal
to 30 percent of the average compensation he or she received as a salary during the five highest
paid years which he or she served as such elected official, which benefit shall be payable
monthly. (c) Any elected official of any such municipality who previously has served, or who
is presently serving, or who in the future may serve as such elected official, and serves
for a period of not less than 16 years, shall be paid a retirement benefit equal to 40 percent
of the average compensation he or she received as a salary during the...
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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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36-27-190
Section 36-27-190 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 2005, 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, 2004, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of four percent in their gross monthly benefit, but not less than
fifteen dollars ($15) per month. (b) Beneficiaries of deceased members or deceased retirees,
except where the deceased member or deceased retiree retired from an employer participating
in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1,
if the date of death for the deceased member, or the effective date of...
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36-27-150
Section 36-27-150 Amount of increase - Persons other than those whose employers participated
in Employees' Retirement System. (a) Commencing October 1, 2000, 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, 2000, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of four percent in their gross monthly benefit, but not less than
twenty-five dollars ($25) per month. (b) Beneficiaries of deceased members or deceased retirees,
except where the deceased member or deceased retiree retired from an employer participating
in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1,
if the date of death for the deceased member, or the effective date of...
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36-27-180
Section 36-27-180 Amount of increase - Persons other than those whose employers participated
in Employees' Retirement System. (a) Commencing October 1, 2002, 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, 2001, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of three percent in their gross monthly benefit, but not less than
fifteen dollars ($15) per month. (b) Beneficiaries of deceased members or deceased retirees,
except where the deceased member or deceased retiree retired from an employer participating
in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1,
if the date of death for the deceased member, or the effective date of...
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36-27-200
Section 36-27-200 Amount of increase - Persons other than those whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 2006, 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, 2005, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall 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 their
gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month.
(b) Beneficiaries of deceased members or deceased retirees, except where the deceased member
or deceased retiree retired from an employer participating...
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