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16-25-81
Section 16-25-81 Cost-of-living increase provided for certain retirees participating under
Section 36-27-6. (a) Commencing October 1, 1993, there is provided to certain persons identified
in subsection (b) of this section who are currently receiving benefits, whose effective date
of retirement was prior to October 1, 1992, for purposes of receiving benefits from the Employees'
Retirement System, and to certain beneficiaries of deceased members and deceased retirees
who are currently receiving survivor benefits if the effective date of retirement or death
for the deceased member or retiree was prior to October 1, 1992, for purposes of receiving
benefits from the Employees' Retirement System, a cost-of-living increase as follows: (1)
1.28 percent of the current gross benefit paid to the retiree and to certain beneficiaries
of deceased members and deceased retirees. (2) One dollar and twenty-eight cents ($1.28) per
month for each year of service attained by the retiree for each retiree...
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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...
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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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36-27-21.3
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...
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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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36-27-142
Section 36-27-142 Amount of increase - Persons whose employer participated in the Employees'
Retirement System. Commencing October 1, 1998, 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, 1998, 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 in the amount of one half the amount of the years of service factor and the full
amount (four percent) of the current gross benefit factor of the formula in Section 36-27-140.
Retirees who chose Option 2, 3, or 4 shall receive the cost-of-living increase reduced by
the same percentage as the reduction which occurred because of the option selected unless
the designated beneficiary under the option is deceased on July 1, 1998, in which...
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16-25-150
Section 16-25-150 Participation in plan. (a) As governed by this subsection, there exists as
a part of this retirement system an optional account known as the Deferred Retirement Option
Plan, which may be cited as "DROP." The purpose of DROP is to allow, contractually,
in lieu of immediate withdrawal from service and receipt of a retirement allowance, continued
employment for a specific period of time, coupled with the deferral of receipt of a retirement
allowance until the end of the period of participation, at which time the member shall withdraw
from service. (b) Participation in DROP is an option available to any member of this retirement
system who meets all of the following requirements: (1) Has at least 25 years of creditable
service exclusive of sick leave. (2) Is at least 55 years of age. (3) Is eligible for service
retirement. (c) An election to participate in DROP may be made in one year increments not
to exceed five years, nor to be less than three years. A member may...
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36-27-170
Section 36-27-170 Participation in plan. (a) As governed by this subsection, there exists as
a part of this retirement system, an optional account known as the Deferred Retirement Option
Plan, which may be cited as "DROP." The purpose of DROP is to allow, contractually,
in lieu of immediate withdrawal from service and receipt of a retirement allowance, continued
employment for a specific period of time, coupled with the deferral of receipt of a retirement
allowance until the end of such period of participation, at which time the member shall withdraw
from service. (b) Participation in DROP is an option available to any member of this retirement
system who meets all of the following: (1) Has at least 25 years of creditable service exclusive
of sick leave. (2) Is at least 55 years of age, or in the case of a state police member, is
at least 52 years of age. (3) Is eligible for service retirement. (c) An election to participate
in DROP may be made in one year increments not to exceed five...
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16-25-61
Section 16-25-61 Cost-of-living increase to certain retirees participating under Section 36-27-6.
(a) There is hereby provided, commencing October 1, 1990, to certain persons identified in
subsection (b) herein, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 1989, a cost-of-living increase
of $1.00 per month for each year of service attained by said retiree plus $3.00 per month
for each year of retirement attained by said retiree. (b) The benefits provided in this section
are limited to those retirees whose participation in the Employees' Retirement System was
based on Section 36-27-6, and whose employer at the time of retirement was a local board of
education or a state supported institution of higher education. The benefits granted herein
shall not apply to any other participants in the Employees' Retirement System. (Acts 1990,
No. 90-625, p. 1140, ยง2.)...
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36-27-21.1
Section 36-27-21.1 Increase in maximum retirement allowance of certain state, etc., employees
- 1978 cost-of-living increase and cost-of-living increases thereafter. (a) Except as hereinafter
provided, each person having retired under the provision of statutes governing the Teachers'
Retirement System or the Employees' Retirement System of Alabama prior to October 1, 1977,
shall be entitled to receive, in addition to present benefits, a supplemental benefit in an
amount based upon his present benefits, according to the following schedule: Present Benefits
Supplemental Benefit ($ 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,...
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