Alabama § 45-28A-42.59 - Insufficient Funding.
Full text of Alabama Code of Alabama § 45-28A-42.59 — Insufficient Funding., with citation guidance and answers to common questions.
§ 45-28A-42.59. Insufficient Funding.
If at any time there shall not be sufficient money in the policemen’s and firemen’s retirement fund to pay each person entitled to the benefit thereof, the full amount per month as herein provided or any time the principal of the fund reaches an amount of seven hundred thousand dollars ($700,000) or less, then an equal percentage of such monthly payment or payments shall be made to each beneficiary until the fund shall be replenished to warrant the payment in full to each of the beneficiaries; provided that the provisions of this section concerning prorated payments shall not be interpreted to include those members drawing survivors’ benefits and those members of the fund who are 100 percent disabled and have no other personal income except those benefits derived from this subpart. The board of trustees, or insurance custodian as provided for in this subpart, is authorized to take such action as it deems necessary periodically to determine the actuarial status of the pension fund.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-28A-42.59
What does Code of Alabama § 45-28A-42.59 cover?
Section 45-28A-42.59 ("Insufficient Funding.") 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 § 45-28A-42.59?
A common citation format is "Code of Alabama § 45-28A-42.59" (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 § 45-28A-42.59 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.