||An actuarial study is required
every three years for determining the soundness of the Fund and consideration of any
increase in benefits as proposed by the Board Members. Any increase in benefits or
changes must be recommended by the Actuary and presented to and passed by the Legislature
to be enacted.
||Monies to maintain the Fund come
from a cost levied against fines in the City and County courts; Membership Fees; and
return from investments.
||Accountability for all income and
expenses - Audited by State Examiners of Public Accounts.
||Available upon request is the
complete Legislative Act creating the Fund.
|Inquiries should be
Alabama Peace Officers' Annuity &
514 South McDonough Street
Post Office Box 2186
Montgomery, Al 36102-2186