Alabama § 45-37A-51.138 - Legislative Reports.
Full text of Alabama Code of Alabama § 45-37A-51.138 — Legislative Reports., with citation guidance and answers to common questions.
§ 45-37A-51.138. Legislative Reports.
(a) In addition to periodic actuarial valuations of the fund which the board may from time to time require, the board, upon request, shall transmit to each member of the Alabama House of Representatives representing the county or any part thereof, and to each member of the Alabama Senate from every senatorial district within the county, or partly within the county, an actuarial analysis of the system as of the end of the city’s fiscal year immediately preceding the report specifically answering the following questions:
(1) Are the contributions to the fund sufficient to pay the benefits provided herein? If not, what additional contributions are necessary?
(2) Are the benefits provided herein sufficient in amount to consume the contributions required herein, or are they as large as to render the fund insolvent; and in the event of the finding of either contingency, what adjustments should be made?
(3) What provision should be made either in contributions by employees or by the city to render the fund solvent with respect to allowances made for prior service?
(b) In addition to the foregoing, the board of managers shall transmit to the representatives and senators each of the following:
(1) A draft of such laws as the board deems necessary to keep or make the fund actuarially solvent, and of such laws as the board believes would improve the pension system.
(2) A recital of the reasons for the recommendation of the proposed laws; detailed and specific recommendations as to what benefits should be reduced, or what additional contributions should be made, to the end that the fund shall be solvent, safe, and sound for the protection of the employees covered thereby.
Frequently Asked Questions About Alabama § 45-37A-51.138
What does Code of Alabama § 45-37A-51.138 cover?
Section 45-37A-51.138 ("Legislative Reports.") 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 § 45-37A-51.138?
A common citation format is "Code of Alabama § 45-37A-51.138" (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 § 45-37A-51.138 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.