ARSEA ~ One Time Bonus for Retirees

The City of Pelham passed Resolution 2014-08-26-01 to grant a one-time bonus to city retiree as specified by Alabama Legislative Act #2014-429.

Using a sliding scale formula and based upon length of creditable service ($2.00 a month x 12 months x years of service) retirees with 25 years of service, for example, would receive a one-time bonus of $600.00. Included in the legislation is a provision for those with less that 25 years, providing a minimum payment of $300.00.