Should the actuaries employed by the respective Boards of Control certify a decrease in the rate of employer contributions as set forth in subdivisions (3) and (5) of Section 16-25-21 and subsections (d) and (f) of Section 36-27-24, the Boards of Control may by joint resolution declare the provisions of this chapter to become effective on October 1 next following the adoption of said resolution. Amounts sufficient to fund the provisions of this chapter shall thereafter be made in the same manner as the regular appropriations to the Teachers' and Employees' Retirement Systems, and shall be deposited in the fund established in Section 36-27B-2.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27B - Preretirement Death Benefit Program.
Section 36-27B-2 - Fund Established; Moneys Paid In, Out, etc.; Transfer of Funds.
Section 36-27B-3 - Payment of Benefits; Amount; "In-Service" Defined.
Section 36-27B-4 - Group Life Insurance Authorized as Death Benefit.