Commencing October 1, 2006, 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 October 1, 2005, 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 as described in Section 36-27-200. Beneficiaries of deceased members or deceased retirees of employers participating in the Employees' Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, shall receive the cost-of-living increase of two percent in their gross monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an additional five percent increase in their gross monthly benefit. 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 12 - Cost of Living Increase for Retirement Date Prior to October 1, 2005.
Section 36-27-201 - Amount of Increase - Persons Whose Employer Elects to Come Under Provisions.
Section 36-27-203 - Duties of Board and Employer.
Section 36-27-204 - Pensioners Who Retired Prior to Membership of Employer in System; Beneficiaries.
Section 36-27-206 - Notification of Employers Who Have Withdrawn From Participation.
Section 36-27-207 - Persons Receiving Medicaid Benefits.
Section 36-27-208 - Members and Beneficiaries of Employees' Retirement System.