City of Gulf Shores Awards Financial Services Contract to Retirement Systems of Alabama (rsa) Employees’ Retirement System (August 2026)

Gulf Shores approved participation in Act 2026-608 with the Retirement Systems of Alabama Employees’ Retirement System to fund a one-time longevity bonus for eligible city retirees. The City will provide approximately $20,741, with bonuses paid in October 2026 and funding options including a lump sum or a one-year contribution rate increase.

Scope & details

The full contract record, as filed.

Contract amount

Estimated $20,741.00

Contract type

FINANCIAL_SERVICES

Contract term

One-time lump sum bonus payment in October 2026; funding either lump sum or via increased employer contribution October 1, 2027 – September 30, 2028

Renewal date

2028-09-30

Renewal

One-time benefit program; funding may be amortized over one year via employer contribution adjustments between 2027-10-01 and 2028-09-30.

Document type

AgendaPacket

Source document

City of Gulf Shores Agenda Packet 2026-08-24

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Gulf Shores?

Retirement Systems of Alabama (rsa) Employees’ Retirement System was awarded this financial services contract by City of Gulf Shores, as recorded on August 24, 2026. The contract value is Estimated $20,741.00.

How much is the Retirement Systems of Alabama (rsa) Employees’ Retirement System contract with City of Gulf Shores worth?

The Retirement Systems of Alabama (rsa) Employees’ Retirement System contract with City of Gulf Shores is valued at Estimated $20,741.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Gulf Shores Agenda Packet 2026-08-24 (AgendaPacket), dated August 24, 2026 from City of Gulf Shores. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Retirement Systems of Alabama (rsa) Employees’ Retirement System hold?

Retirement Systems of Alabama (rsa) Employees’ Retirement System may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Retirement Systems of Alabama (rsa) Employees’ Retirement System's profile

What is City of Gulf Shores currently buying?

Explore City of Gulf Shores's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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