Code of Alabama - Title 36: Public Officers and Employees - Section 36-27-3.1 - Offset of rate increases

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.)

Last modified: May 3, 2021