(a) Whenever the retired employees of the state are granted a cost-of-living pension increase either by act of the Legislature or action of the Board of Control of the State Employees’ Retirement System, the retired employees of the Huntsville Utilities Electric, Water, and Gas Boards shall be granted a cost-of-living pension increase on a percentage basis equal to any such increase granted to retired state employees. The increase for retired employees shall be funded out of any and all funds available to the Huntsville Utilities Electric, Water, and Gas Boards. (b) This section shall have retroactive effect to the date that the last cost-of- living increase was granted to retired employees of the state.
‹ Prev All Alabama sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.