Code of Alabama
Chapter 27A - Public Employees Individual Retirement Account Fund.
Section 36-27A-2 - Creation; Administered by Board of Control, etc.; Composition of Board.

There is hereby created a fund or funds which shall be known collectively as the Public Employees' Individual Retirement Account Fund (PEIRAF). The PEIRAF shall be administered by the Secretary-Treasurer of the Employees' Retirement System under the supervision and direction of a board of control which shall be composed of members of the investment committees of the Teachers' and Employees' Retirement Systems of Alabama.