16-25-112
Section 16-25-112 Funding for benefits. The cost-of-living increase granted to certain retired
persons under the Teachers' Retirement System by this article may be financed, if possible,
from existing funds of the Teachers' Retirement System subject to the following provisions
and conditions: (1) If the actuary for the Teachers' Retirement System finds that the cost-of-living
increase can be paid for the 1996-97 fiscal year without appropriation of additional funds
to the system without having an adverse actuarial impact on the system, beginning October
1, 1996, the Board of Control of the system may provide the cost-of-living increase authorized
by this section. It is the intent of this section as pertains to funding similar increases
in the future, that the funding thereof shall be in accordance with the requirements of Section
16-25-21. If the actuarial certification of the cost involved in funding the cost-of-living
increase provided by this article, as required by Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-112.htm - 1K - 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

36-27-21.5
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

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

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

36-27-21.4
Section 36-27-21.4 Cost-of-living increase for persons whose date of retirement is prior to
October 1, 1984; funding; eligibility where Medicaid eligibility would be impaired. (a)(1)
There is hereby provided, commencing October 1, l985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Teachers' Retirement System, is
prior to October 1, 1984, and who is receiving an allowance therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member. (2)
There is hereby provided, commencing October 1, 1985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Employees' Retirement System, is
prior to October 1, 1984, and who is receiving benefits therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member provided
that only those retired members of the Employees' Retirement System whose...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.4.htm - 4K - Match Info - Similar pages

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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-126.htm - 801 bytes - Match Info - Similar pages

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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-137.htm - 849 bytes - Match Info - Similar pages

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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-148.htm - 786 bytes - Match Info - Similar pages

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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-159.htm - 792 bytes - Match Info - Similar pages