Alabama § 36-27B-5 - Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program.
Full text of Alabama Code of Alabama § 36-27B-5 — Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program., with citation guidance and answers to common questions.
§ 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) and (5) of Section 16-25-21 and subsections (d) and (f) of Section 36-27-24, the Boards of Control may by joint resolution declare the provisions of this chapter to become effective on October 1 next following the adoption of said resolution. Amounts sufficient to fund the provisions of this chapter shall thereafter be made in the same manner as the regular appropriations to the Teachers’ and Employees’ Retirement Systems, and shall be deposited in the fund established in Section 36-27B-2.
Frequently Asked Questions About Alabama § 36-27B-5
What does Code of Alabama § 36-27B-5 cover?
Section 36-27B-5 ("Certification of Decrease in Rate of Employer Contributions; Chapter May Become Effective After Resolution; Funding Program.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 36-27B-5?
A common citation format is "Code of Alabama § 36-27B-5" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 36-27B-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.