Alabama Code 36-27-98. Certain pensioners and annuitants, retired from local units before units became members and receiving benefits, may receive increase; certain local units may provide increase
(a) Any pensioner who retired from a city, town, county, or local board before the city, town, county, or local board became a member of the Employees’ Retirement System, and who is receiving a monthly benefit on May 13, 1993, administered by the Employees’ Retirement System, may receive an increase in benefits in the amount of $60 per month if the city, town, county, or local board elects to fund the increase, provided the pensioner retired prior to October 1, 1992. For purposes of this section, a pensioner is a retiree who earned retirement in any public pension plan created by the Legislature or a political subdivision.
Terms Used In Alabama Code 36-27-98
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(b) Any annuitant who retired from a city, town, county, or local board before the city, town, county, or local board became a member of the Employees’ Retirement System, and who is receiving a monthly benefit on May 13, 1993, administered by the Employees’ Retirement System, may receive $30 per month if the city, town, county, or local board elects to fund the increase.(c) Any city, county, or local board affiliated with the Employees’ Retirement System on October 1, 1993, may provide the cost-of-living increase pursuant to this article to any retiree or beneficiary who retired prior to October 1, 1992, if the local unit elects to fund the increase.
