Alabama Code (Last Updated: November 28, 2014) |
Title36 PUBLIC OFFICERS AND EMPLOYEES. |
Chapter27B. PRERETIREMENT DEATH BENEFIT PROGRAM. |
§36-27B-4. Group life insurance authorized as death benefit.
Latest version.
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The Boards of Control are authorized to take such action as may be necessary to provide the death benefit under this section in the form of group life insurance upon determination that to do so would guarantee a more favorable tax treatment to the beneficiaries to whom such benefit is payable.