Code of Alabama - Title 36: Public Officers and Employees - Chapter 27B - Preretirement Death Benefit Program

• Section 36-27B-1 (Effective November 8, 2016, subject to contingencies) Creation and effective date of program
  There shall be created the Preretirement Death Benefit Program effective October 1, 1985, which shall be effective as of that date to all employees covered...
• Section 36-27B-2 Fund established; moneys paid in, out, etc.; transfer of funds
  A separate fund to be known as the Preretirement Death Benefit Fund is hereby established within the Employees' Retirement System of Alabama and the Teachers'...
• Section 36-27B-3 Payment of benefits; amount; "in-service" defined
  Upon receipt of proof satisfactory to the respective Board of Control, of the death of a contributing member, in-service, who had completed at least one...
• Section 36-27B-4 Group life insurance authorized as death benefit
  The Boards of Control are authorized to take such action as may be necessary to provide the death benefit under this section in the form...
• Section 36-27B-5 Certification of decrease in rate of employer contributions; chapter may become effective after resolution; funding program
  Should the actuaries employed by the respective Boards of Control certify a decrease in the rate of employer contributions as set forth in subdivisions (3)...

Last modified: May 3, 2021