Alabama Code 16-25-81.1. Adjustment of survivor allowance
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Terms Used In Alabama Code 16-25-81.1
- 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 Sections 16-25-80 and 36-27-6” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”16″>16-25-81 for those eligible retirees who have selected a monthly survivor allowance payable to a designated beneficiary upon the death of the retiree.