Alabama Code 36-27-90. Survivor allowance adjustments
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Terms Used In Alabama Code 36-27-90
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
The survivor allowance shall be adjusted as provided in Section 36-27-6, 36-27-7 or 36-27-7.1” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”36″>36-27-87(3) for those eligible retirees who have selected a monthly survivor allowance payable to a designated beneficiary upon the death of such retiree.