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Home » US Law » 2022 Code of Alabama » Title 16 - Education. » Chapter 25 - Teachers' Retirement System. » Article 12 - Cost-of-Lving Adjustment Where Effective Date of Retirement Prior to October 1, 2006.

Section 16-25-200 – Increase in Benefits to Members and Beneficiaries.

Section 16-25-200 Increase in benefits to members and beneficiaries. (a) Commencing October 1, 2006, there is provided a cost-of-living adjustment (COLA) in the amount of seven percent of the current gross benefit, but not less than twenty-five dollars ($25) per month to each person currently receiving benefits whose effective date of retirement was prior to […]