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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/16-25C-2.htm
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Modified:2003-09-19 10:02:08
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Title:16-25C-2
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Body:Section 16-25C-2

Definitions.

As used in this chapter, the following terms have the following meanings:

(1) BOARD. The Board of Control of the Public Education Employees' Defined Contribution Savings Fund.

(2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service.

(3) FUND. The Public Education Employees' Defined Contribution Savings Fund.

(4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation plan or a 403(b) tax sheltered annuity plan and who is a member of the Teachers' Retirement System.

(Act 2001-704, p. 1562, ยง2.)