(a) Commencing October 1, 2000, each person whose employer participated 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 July 1, 2000, and who is receiving or is entitled to receive a monthly allowance from the Employees' Retirement System, may receive a cost-of-living increase determined by the provisions used in Section 36-27-150, if the employer elects to come under this article. Any employer making the election to come under this article shall bear the cost of the cost-of-living increases paid to its employees pursuant to this section. Any employer participating under Section 36-27-6, may elect to come under the article at anytime and have this article become effective on October 1, 2000, or on October 1 of any subsequent fiscal year and the employer shall not be required to pay this cost-of-living increase retroactively unless the employer elects to fund the increase.
(b) If the employer elects to come under this article, beneficiaries of deceased members or deceased retirees retired from an employer participating in the Employees' Retirement System pursuant to Section 36-27-6, shall receive the same cost-of-living increase provided in Section 36-27-150, but the increase shall not be less than twenty-five dollars ($25) per month.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27 - State Employees' Retirement System.
Article 8 - Cost-of-Living Increase for Retirement Date Prior to October 1, 2000.
Section 36-27-151 - Amount of Increase - Persons Whose Employer Elects to Come Under Provisions.
Section 36-27-153 - Duties of Board and Employer.
Section 36-27-154 - Notification of Employers Who Have Withdrawn From Participation.
Section 36-27-155 - Pensioners Who Retired Prior to Membership of Employer in System.
Section 36-27-158 - Eligibility of Retirees; Notification of Increase.
Section 36-27-159 - Election by Local Administrative Unit.
Section 36-27-160 - Persons Receiving Medicaid Benefits.
Section 36-27-161 - Article Supplemental; Repeal of Conflicting Laws.