Retirement Systems of Alabama; to provide a benefit increase for certain retirees of the Teachers Retirement System

This bill would give a 4% cost-of-living increase to certain retirees and beneficiaries of the Teachers' Retirement System starting October 1, 2026. To qualify, retirees must have retired before October 1, 2025, have 25 or more years of service, and receive an annual benefit of $25,000 or less. The increase would not apply to individuals whose Medicaid eligibility would be negatively affected.

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