Ala. Code § 36-27E-2
Current with legislation from 2024 effective through July 1, 2024.
The Legislature finds that it is advisable for the state to create an irrevocable trust whereby the state may begin funding periodic bonus checks for Alabama retired state employees. Therefore, the State Employees' Retirement System Board of Control shall create an irrevocable trust named the State Employee Retirees' Trust Fund in accordance with this chapter.
Ala. Code § 36-27E-2 (1975)