The benefits provided by Sections 16-25-14(a), 16-25-14(g), 36-27-16(a), 36-27-16(c) and 36-27B-3, as amended by amendment of May 5, 1988, shall become effective to the Teachers' and Employees' Retirement System the first day of the month next following certification by the systems' actuary, which shall be adopted by the Board of Control of the Teachers' and Employees' Retirement System, that the system can absorb the additional costs of the benefits herein provided for the upcoming fiscal year without increasing the employer contribution as set forth in subdivision (3) and (5) of Section 16-25-21 and subsections (d) and (f) of Section 36-27-24, provided further in the case of an employer participating pursuant to Section 36-27-6, the provisions of said sections relating to the Employees' Retirement System as amended by said amendment of May 5, 1988, with respect to the employees of such employer, shall become effective the first of the month next following adoption of a resolution by the employer agreeing to come under the provisions of said amendment and further agreeing to assume the cost of benefits provided therein with regards to its employees. It is further provided and expressly understood with respect to the foregoing conditions that any increase in the employer cost rate which is appropriated in a special cost of living increase for retired employees shall not be considered when determining the employer cost rate for purposes of this section.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27 - State Employees' Retirement System.
Article 1 - General Provisions.
Section 36-27-1 - Definitions.
Section 36-27-3 - Corporate Powers Generally.
Section 36-27-3.1 - Offset of Rate Increases.
Section 36-27-5.1 - Participation of Employees of Regional or Local Legislative Delegation Office.
Section 36-27-6.3 - Purchase of Credit for Prior Service as Firefighter.
Section 36-27-8.1 - Optional Retirement for Previously Retired State Employees.
Section 36-27-8.2 - Performance of Duties by Retired Persons; Service in Elected Public Office.
Section 36-27-12 - Transfer of Service Credits, etc., From Teachers' Retirement System of Alabama.
Section 36-27-12.1 - Transfer of Service Credits, etc., From Judicial Retirement Fund.
Section 36-27-16 - Retirement, etc., of Employees; Retirement Allowances.
Section 36-27-16.1 - Cancellation of Survivor Allowance.
Section 36-27-17 - Redetermination of Allowances Due on or After October 1, 1975.
Section 36-27-18 - Retirement With Not Less Than 30 Years' Creditable Service.
Section 36-27-21.3 - Cost-of-Living Increases; Funding.
Section 36-27-23 - Board of Control; Medical Board, Actuary.
Section 36-27-25 - Funds for Assets of Retirement System - Management.
Section 36-27-28 - Exemption From Execution; Recovery Actions.
Section 36-27-31 - Compliance With Qualifications Standards.