(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.
Structure Code of Alabama
Chapter 25 - Teachers' Retirement System.
Article 3 - Cost of Living Increase Where Effective Date of Retirement Prior to October 1, 1989.
Section 16-25-60 - Cost-of-Living Increase to Persons Retiring Before October 1, 1989.
Section 16-25-61 - Cost-of-Living Increase to Certain Retirees Participating Under Section 36-27-6.
Section 16-25-62 - Appropriation; Funding for Benefits.