Alabama SB315 provides a two percent cost-of-living benefit increase for certain retirees and beneficiaries of the Employees' Retirement System and.

Alabama SB315 introduces a two percent cost-of-living benefit increase for eligible retirees and beneficiaries of the Employees' Retirement System and Teachers' Retirement System, effective October 1, 2026. This increase applies to retirees who retired before October 1, 2025, and are receiving or entitled to receive a monthly allowance. The minimum monthly increase is set at fifteen dollars ($15). The increase is contingent on the employer electing to fund it and the appropriation of the required separate employer rate in the respective appropriation acts.

Alabama SB315 provides a two percent cost-of-living benefit increase for certain retirees and beneficiaries of the Employees' Retirement System and.

Alabama SB315 introduces a two percent cost-of-living benefit increase for eligible retirees and beneficiaries of the Employees' Retirement System and Teachers' Retirement System, effective October 1, 2026. This increase applies to retirees who retired before October 1, 2025, and are receiving or entitled to receive a monthly allowance. The minimum monthly increase is set at fifteen dollars ($15). The increase is contingent on the employer electing to fund it and the appropriation of the required separate employer rate in the respective appropriation acts.