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2019 Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27 - State Employees' Retirement System.
Article 1 - General Provisions.
Section 36-27-3.1 - Offset of rate increases.
Universal Citation: AL Code § 36-27-3.1 (2019)
Section 36-27-3.1Offset of rate increases.
If the positive investment performance of any retirement system administered by the Retirement Systems of Alabama results in a decrease in the total contribution rate paid by employers and employees participating in such a system, the Retirement Systems of Alabama shall first reduce the employee contribution rate, in an effort to at least partially offset the rate increases provided for in Act 2011-676.
(Act 2011-676, p. 1805, §2.)
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