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25-4-75
Section 25-4-75 Extension of benefit period. (a) Applicability of section. Notwithstanding
any other provisions of this chapter, the duration of benefits as provided in Section
25-4-74 shall be extended as provided in this section. (b) Definitions. As used in
this section, unless the context clearly requires otherwise, the following terms shall
mean: (1) EXTENDED BENEFIT PERIOD. A period which: a. Begins with the third week after a week
for which there is a state "on" indicator; and b. Ends with either of the following
weeks, whichever occurs later: 1. The third week after the first week for which there is a
state "off" indicator; or 2. The thirteenth consecutive week of such period; provided,
that no extended benefit period may begin by reason of a state "on" indicator before
the fourteenth week following the end of a prior extended benefit period which was in effect
with respect to this state. 3. The eligibility period for the payment of extended benefits
using the total unemployment...
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27-36A-9
Section 27-36A-9 Reserve valuation method - Annuity and pure endowment benefits. (a)
This section shall apply to all annuity and pure endowment contracts other than group
annuity and pure endowment contracts purchased under a retirement plan or plan of deferred
compensation, established or maintained by an employer, including a partnership or sole proprietorship,
or by an employee organization, or by both, other than a plan providing individual retirement
accounts or individual retirement annuities under Section 408 of the Internal Revenue
Code, as now or hereafter amended. (b) Reserves according to the commissioner's annuity reserves
method for benefits under annuity or pure endowment contracts, excluding any disability and
accidental death benefits in the contracts, shall be the greatest of the respective excesses
of the present values, at the date of valuation, of the future guaranteed benefits, including
guaranteed nonforfeiture benefits, provided for by the contracts at the end of...
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45-37A-51.243
Section 45-37A-51.243 Supplemental benefit. (a) In addition to the benefits described
herein for normal retirement, ordinary disability, and extraordinary disability, every participant
retired from city service or receiving a disability benefit immediately following having been
in the city service, which participant did not have active city service after July 1, 1989,
did not retire after July 1, 1990, or did not otherwise become eligible for a benefit calculated
at 2.25 percent, per year after July 1, 1990, shall have received after three years of retirement
or disability under this system an increase in monthly benefit in the amount of one hundred
fifty dollars ($150). Present and future surviving spouses or the survivors of the retirees,
who are not entitled to the 2.25 percent of the final average salary, shall have received
a monthly benefit increase in the amount of the percent of the one hundred fifty dollars ($150)
the surviving spouse or the survivor would normally be entitled...
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11-40-18
Section 11-40-18 Minimum benefits under certain policemen's and firemen's pension and
relief plans. In all Class 1 municipalities, notwithstanding any provision of law to the contrary,
any benefit payable on a monthly basis to a participant or retiree under the Policemen's Pension
and Relief Plan provided by Act No. 502 of the 1923 Session of the legislature of Alabama,
as amended or codified; the Firemen's Pension and Relief Plan provided by Act No. 307 of the
1943 Session of the legislature of Alabama, as amended (General Acts of Alabama of 1943, p.
264); the Limited Policemen's Retirement and Relief System provided by Act No. 470 of the
1955 Regular Session of the legislature of Alabama, as amended (Acts of Alabama of 1955, p.
1067); and Limited Firemen's Pension and Relief System provided by Act No. 217 of the 1966
Special Session of the legislature of Alabama, as amended (Acts of Alabama, Special Session
1966, p. 280) shall not be of an amount less than $400.00 per month, and any...
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36-27-6.5
Section 36-27-6.5 Employers authorized to provide Tier I retirement benefits to Tier
II plan members. (a) Any employer participating in the Employees' Retirement System of Alabama
pursuant to Section 36-27-6, may, by adoption of a resolution by May 8, 2021, elect
to provide to its Tier II plan members the same retirement benefits provided to Tier I plan
members. Provided, however, the Employees' Retirement System Board of Control, based on a
staff review of the historical compliance with ERS requirements as well as the financial stability
of the local government entity, may elect to deny the election authorized herein. The local
entity may petition the Board of Control for a reconsideration of its action by May 8, 2021.
The election shall be irrevocable and shall be effective at the beginning of the fiscal year
following the date the resolution is received by the ERS. (b) Any employer that has not increased
the Tier I member contribution rates as provided in Act 2011-676 shall develop...
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45-37A-51.246
Section 45-37A-51.246 Board of health department retirees' supplemental benefit. (a)
Effective July 1, 2006, in addition to the benefits described herein for normal retirement,
ordinary disability, and extraordinary disability, every participant retired from the health
department who has retired under the pension system herein, immediately following having been
in the board of health service, or who did not otherwise become eligible for a benefit calculated
at 2.5 percent per year after July 1, 2006, any such retiree of the board of health shall
receive an increase in the amount of seventy-five dollars ($75) per month; and any survivor
of such retiree or participant shall receive an increased monthly benefit based upon the applicable
percentage rate of benefit to which the survivor was otherwise entitled determined as of the
date of death of such retiree or participant. (b) No benefit shall be granted under this section
until an actuarial determination has been made that there are...
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45-8A-22.127
Section 45-8A-22.127 Exclusive use of assets of the trust; vesting; forfeitures. (a)
Trust Assets May Not Be Diverted. The assets of the trust shall be held for the exclusive
benefit of the participants and their beneficiaries. It shall not be possible for any part
of the corpus or income of the trust or any funds contributed thereto to be used for, or diverted
to, purposes other than the exclusive benefit of such participants or their beneficiaries,
whether by operation or natural termination of the trust, by power of revocation or amendment,
by the happening of a contingency, by collateral arrangement, or by other means. No benefits
payable as set forth in the plan shall be assignable or be subject to execution, levy, attachment,
garnishment, or other legal process. Accordingly, the plan shall not recognize any domestic
relations order attempting to provide a participant's benefits, or any portion thereof, to
an alternate payee. (b) Vesting. The retirement benefit earned by a...
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45-37-123.109
Section 45-37-123.109 Participant distribution notice. (a) The pension board shall during
the 30 to 180 day period before making an eligible rollover distribution, provide a written
explanation to the recipient: (1) Of the provisions under which the recipient may have the
distribution directly transferred to an eligible retirement plan and that the automatic distribution
by direct transfer applies to certain distributions in accordance with § 401(a)(31)(B), Internal
Revenue Code; (2) Of the provision which requires the withholding of tax on the distribution
if it is not directly transferred to an eligible retirement plan; (3) Of the provisions under
which the distribution shall not be subject to tax if transferred to an eligible retirement
plan within 60 days after the date on which the recipient received the distribution; (4) If
applicable, of the provisions of §§ 402(d) and 402(e), Internal Revenue Code; (5) Of the
provisions under which distributions from the eligible retirement...
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45-49A-63.63
Section 45-49A-63.63 Death. (a) If a member eligible for a retirement benefit under
Section 45-49A-63.60 or a member eligible for a benefit under subsection (a) of Section
45-49A-63.62 dies prior to his or her annuity starting date, his or her eligible family members
shall receive a benefit equal to the greater of (i) the benefit they would have received had
the member met the requirements of Section 45-49A-63.60 or subsection (a) of Section
45-49A-63.62 of the plan, as the case may be, retired, or terminated employment on the day
preceding his or her death and begun to receive his or her benefit in accordance with the
50 percent survivor's benefit in Option 2 of Section 45-49A-63.81 or (ii) a single
sum equal to the lesser of (A) twice the member's contributions to the plan under Section
45-49A-63.102 or (B) the sum of the member's contributions to the plan under Section
45-49A-63.102 plus five thousand dollars ($5,000). The benefit in clause (i) shall be converted
to a single sum of...
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36-27B-1
Section 36-27B-1 (Effective November 8, 2016, subject to contingencies) Creation and
effective date of program. There shall be created the Preretirement Death Benefit Program
effective October 1, 1985, which shall be effective as of that date to all employees covered
under the Teachers' Retirement System of Alabama and the Employees' Retirement System of Alabama.
Beginning November 8, 2016, the Preretirement Death Benefit Program shall be effective to
all members of the Judges' and Clerks' Plan and the District Attorneys' Plan provided for
in Section 12-18-151 and Section 12-17-227.1. In the event the conditions prescribed
in Section 36-27B-5 shall occur prior to October 1, 1985, the death benefit plan established
herein shall become effective upon certification and adoption by a joint resolution of the
Teachers' and Employees' Retirement Systems' Boards of Control. (Acts 1983, No. 83-616, p.
953, §1.)...
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