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27-20-7
Section 27-20-7 Blanket disability insurance - Payment of benefits. All benefits under any
blanket disability policy shall be payable to the person insured, or to his employer, or to
his designated beneficiary or beneficiaries or to his estate; except, that if the person insured
be a minor or mental incompetent, such benefits may be made payable to his parent, guardian,
or other person actually supporting him, or, if the entire cost of the insurance has been
borne by the employer, such benefits may be made payable to the employer; provided, however,
that the policy may provide that all, or any portion, of any indemnities provided by such
policy on account of hospital, nursing, medical, or surgical services may, at the insurer's
option, be paid directly to the hospital or person rendering such services; but the policy
may not require that the service be rendered by a particular hospital or person. Payment so
made shall discharge the insurer's obligation with respect to the amount of...
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36-27-28
Section 36-27-28 Exemption from execution; recovery actions. (a) Except as provided in subsection
(b), the right of a person to a pension, an annuity, a retirement allowance or to the return
of contributions, the pension, annuity or retirement allowance itself and any optional benefit
or any other right accrued or accruing to any person under the provisions of this article
and the monies in the various funds created by this chapter are hereby exempt from any state
or municipal tax and exempt from levy and sale, garnishment, attachment or any other process
whatsoever and shall be unassignable except as in this article specifically otherwise provided.
(b)(1) Restitution, fines, court costs, fees, or any other financial obligations in a criminal
case ordered by a circuit or district court judge in this state are not subject to the exemption
set out in subsection (a), provided all of the following are satisfied: a. The amount of the
restitution ordered is in the amount of one thousand...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-28.htm - 3K - Match Info - Similar pages
45-37A-51.241
Section 45-37A-51.241 Board of health retired employees. (a) Employees of the board of health,
upon termination of such employment after 10 years of actual service to the board of health,
shall have the option to leave in the system fund all contributions made by such terminated
employee and receive a monthly retirement benefit beginning at age 60, in the amount equal
to two percent of such employee's monthly final average salary multiplied by his or her years
of credited service. The benefit shall continue throughout the life of the retiree. A survivor's
benefit calculated as described in Section 45-37A-51.228 shall be provided to survivors or
retirees under this provision if such retired employee has reached age 60 years, however the
survivor's benefit rate shall be 60 percent of the retiree's benefit or as determined by the
board of managers. In the event that a terminated employee dies, prior to receiving a benefit
hereunder, or elects at any time to withdraw the contribution to...
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45-37A-51.245
Section 45-37A-51.245 Retroactive deferred retirement option plan. (a) Effective July 1, 2002,
a participant who retires at least 90 days following July 1, 2002, who has then completed
at least 23 years of credited service, and who is otherwise entitled to retire and receive
a normal retirement benefit, shall have the opportunity to elect a back drop plan. A participant
eligible for the back drop plan can elect in writing at his or her retirement to retroactively
drop his or her credited service in excess of 20 years, for a period of months not exceeding
36 months immediately preceding the date of retirement, the back drop period; provided that
the beginning of the back drop period may not extend past the earliest date on which the participant
would have qualified for a normal retirement benefit. A participant who is not actively employed
may not make a back drop election. To be effective, a back drop election by a married participant
shall be approved in writing by his or her spouse....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.245.htm - 5K - Match Info - Similar pages
45-8A-22.118
Section 45-8A-22.118 Maximum benefits; limitations; adjustments. (a) Annual Benefit and Final
Regulations Under Internal Revenue Code Section 415. (1) Annual Benefit. For purposes of this
section, "annual benefit" means the benefit payable annually under the terms of
the plan, exclusive of any benefit not required to be considered for purposes of applying
the limitations of Internal Revenue Code Section 415 to the plan, in the form of a straight
life annuity with no ancillary benefits. If the benefit is payable in any other form, the
annual benefit shall be adjusted to the equivalent of a straight life annuity pursuant to
subsection (c). (2) Final Regulations Under Internal Revenue Code Section 415. Notwithstanding
anything in this section to the contrary, the following provisions apply beginning on or after
January 1, 1976, except as otherwise provided in this section. a. Incorporation by Reference.
The limitations, adjustments, and other requirements prescribed in the plan shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.118.htm - 30K - Match Info - Similar pages
27-34-27
Section 27-34-27 Exemption of benefits, etc., from attachment, garnishment, or other process.
No money or other benefit, charity, relief, or aid to be paid, provided, or rendered by any
society shall be liable to attachment, garnishment, or other process or to be seized, taken,
appropriated, or applied by any legal or equitable process or operation of law to pay any
debt or liability of a member or beneficiary, or any other person who may have a right thereunder,
either before or after payment by the society. (Acts 1911, No. 476, p. 700; Acts 1971, No.
407, p. 707, ยง698.)...
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28-9-7
Section 28-9-7 Transfer of wholesaler's business. (a) Upon written notice of intent to transfer
the wholesaler's business, any individual owning or deceased individual who owned an interest
in a wholesaler may transfer the wholesaler's business to a designated member, or to any other
person who meets the nondiscriminatory, material and reasonable qualifications and standards
required by the supplier for Alabama wholesalers. The consent or approval of the supplier
shall not be required of any transfer of the wholesaler's business, including the assignment
of wholesaler's rights under the agreement, to a designated member or shall not be withheld
or unreasonably delayed to a proposed transferee (other than a designated member) who meets
such nondiscriminatory, material and reasonable qualifications and standards. Provided, however,
the supplier shall have the burden of proving that the proposed transferee fails to meet such
qualifications and standards which are nondiscriminatory,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/28-9-7.htm - 3K - Match Info - Similar pages
36-27-200
Section 36-27-200 Amount of increase - Persons other than those whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 2006, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 2005, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
the cost-of-living increase of two percent in his or her gross monthly benefit which the Legislature
committed to in Section 14 of Act 2005-316, plus an additional five percent increase in their
gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month.
(b) Beneficiaries of deceased members or deceased retirees, except where the deceased member
or deceased retiree retired from an employer participating...
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36-27-204
Section 36-27-204 Pensioners who retired prior to membership of employer in system; beneficiaries.
(a) Commencing October 1, 2006, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 2005, administered by the Employees'
Retirement System may receive the cost-of-living increase of two percent in his or her gross
monthly benefit which the Legislature committed to in Section 14 of Act 2005-316, plus an
additional five percent increase in his or her gross monthly benefit, except that no pensioner
shall receive an increase of less than twenty-five dollars ($25) per month, provided the retired
employee retired prior to October 1, 2005, and the employer decides to come under this article
and fund the increase. (b) Commencing October 1, 2006,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-204.htm - 1K - Match Info - Similar pages
36-27-21.7
Section 36-27-21.7 Cost-of-living increases to certain retirees whose retirement is based on
employer participation under Section 36-27-6; amounts; election by employer; construction
of section. (a) There is hereby provided, to each pensioner, annuitant and retiree of any
retirement plan other than the Employees' Retirement System whose retirement is based upon
service to an employer participating in the Employees' Retirement System under Section 36-27-6,
and whose effective date of retirement is prior to October 1, 1989, a cost-of-living increase
of ten percent of his current monthly benefit; provided, however, such increase shall not
be less than $20.00 nor more than $50.00 per month. (b) There is hereby provided, to each
pensioner whose retirement is based upon service to an employer participating in the Employees'
Retirement System under Section 36-27-6, but who retired prior to such employer's participation
in the said Employees' Retirement System and who receives a monthly...
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