Section 36-27A-1
Legislative intent.
It is the intent of the Legislature to make available to the public employees and officials of the State of Alabama, or any political subdivision thereof, a public employees' individual retirement account plan and/or any other tax avoidance or deferral plan permitted by federal law, so as to enable said persons to conveniently and economically receive the fullest benefits offered by federal tax law as it relates to tax deferred savings plans for public employees covered by a mandatory public retirement plan.
(Acts 1982, 2nd Ex. Sess., No. 82-776, p. 278, §1; Acts 1986, Ex. Sess., No. 86-685, p. 80, §1; Acts 1988, 1st Ex. Sess., No. 88-925, p. 535, §1.)