The Legislature finds that it is advisable for the state to create an irrevocable trust whereby the state may begin funding periodic bonus checks for Alabama retired education employees. Therefore, the Teachers' Retirement System Board of Control shall create an irrevocable trust named the Education Retirees' Trust Fund in accordance with this chapter.
Structure Code of Alabama
Chapter 25D - Education Retirees' Trust Fund Funding Act of 2021
Section 16-25D-1 - Short Title.
Section 16-25D-2 - Legislative Findings.
Section 16-25D-3 - Definitions.
Section 16-25D-4 - Education Retirees' Trust Fund.
Section 16-25D-5 - Liability, Immunity, and Indemnification of Trustees.
Section 16-25D-6 - Board of Control.
Section 16-25D-8 - Investment of Funds; Operation of Trust Fund.