The trusts created pursuant to this chapter shall be evidenced by a written trust instrument, the terms and conditions of which shall be determined by the board creating such trust and the Governor on behalf of the state as long as such terms and conditions do not conflict with this chapter. The Trustees of the Alabama Retired State Employees' Health Care Trust shall be the members of the State Employees' Insurance Board serving from time to time, and the Trustees of the Alabama Retired Education Employees' Health Care Trust shall be the members of the Public Education Employees' Health Insurance Board serving from time to time. Each trust shall be managed and controlled by its respective trustees separately from and independent of the management and control of the other trust. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the respective trust for all reasonable and necessary expenses that they incur in connection with their services as trustees.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 36 - Alabama Retiree Health Care Funding Act of 2007,
Section 36-36-1 - Legislative Findings.
Section 36-36-2 - Short Title.
Section 36-36-3 - Definitions.
Section 36-36-4 - Trust Instrument; Trustees.
Section 36-36-5 - Management and Control of Trust; Powers of Trustees; Payment of Expenses.
Section 36-36-7 - Legislative Intent.
Section 36-36-8 - Liability of Trustees.
Section 36-36-9 - Applicability of Chapter.
Section 36-36-10 - Permanent Legislative Oversight Committee.