Section 36-27-97 Board of Control’s and Employer’s Duties and Responsibilities; Board May Notify Employers Withdrawn from Participation of Cost-of-Living Increases. — United States — Alabama law | Esheria

Section 36-27-97 Board of Control’s and Employer’s Duties and Responsibilities; Board May Notify Employers Withdrawn from Participation of Cost-of-Living Increases.

The Board of Control must annually calculate the amount needed for the increased allowance and notify each employer’s chief fiscal officer of the required percentum rates. Employers must pay for the increases in the same manner and from the same source of funds as stated in the referenced sections. The Board may also n

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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cost-of-living increases employer funding retirement system contributions

Statute overview

About this statute

The Board of Control must annually calculate the amount needed for the increased allowance and notify each employer’s chief fiscal officer of the required percentum rates. Employers must pay for the increases in the same manner and from the same source of funds as stated in the referenced sections. The Board may also notify certain withdrawn employers about available cost-of-living increases if they elect to fund the increase.