Offset of Rate Increases.

  1. Law
  2. Code of Alabama
  3. Public Officers and Employees.
  4. State Employees' Retirement System.
  5. General Provisions.
  6. Offset of Rate Increases.

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Section 36-27-3.1

Offset 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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