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12-17-227.6
Section 12-17-227.6 (Effective November 8, 2016, subject to contingencies) Payments
from plan; optional allowances; replacement beneficiaries. (a) Should a member cease to be
a district attorney except by death or by retirement under the provisions of this division,
the contributions standing to the credit of his or her individual account in the fund shall
be paid to him or her upon demand and, in addition to such payment, there shall be paid five-tenths
of the interest accumulations standing to the credit of his or her individual account if he
or she shall have not less than three but less than 16 years of membership service, six-tenths
of such interest accumulations if he or she shall have not less than 16 but less than 21 years
of membership service, seven-tenths of such interest accumulations if he or she shall have
not less than 21 but less than 26 years of membership service and eight-tenths of such interest
accumulations if he or she shall have not less than 26 years of...
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12-18-156
Section 12-18-156 Payments from plan; optional allowances; replacement beneficiaries.
(a) Should a member cease to be a judge or clerk except by death or by retirement under the
provisions of this article, the contributions standing to the credit of his or her individual
account in the fund shall be paid to him or her upon demand and, in addition to such payment,
there shall be paid five-tenths of the interest accumulations standing to the credit of his
or her individual account if he or she shall have not less than three but less than 16 years
of membership service, six-tenths of such interest accumulations if he or she shall have not
less than 16 but less than 21 years of membership service, seven-tenths of such interest accumulations
if he or she shall have not less than 21 but less than 26 years of membership service and
eight-tenths of such interest accumulations if he or she shall have not less than 26 years
of membership service. (b) In case of the death of a member eligible for...
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16-25-14
Section 16-25-14 Retirement of members; benefits generally. (a)(1) Any Tier I plan member
who withdraws from service upon or after attainment of age 60 and any Tier II plan member
who withdraws from service upon or after attainment of age 62, or in the case of a Tier II
plan member who is a correctional officer, firefighter, or law enforcement officer as defined
in Section 36-27-59, who withdraws from service upon or after attainment of age 56
with at least ten years of creditable service as a correctional officer, firefighter, or law
enforcement officer may retire upon written application to the Board of Control setting forth
at what time, not less than 30 days nor more than 90 days subsequent to the execution and
filing thereof, he or she desires to be retired; provided, that any such member who became
a member on or after October 1, 1963, shall have completed 10 or more years of creditable
service. (2) Any Tier I plan member who has attained age 60 and any Tier II plan member who...
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36-27-16
Section 36-27-16 Retirement, etc., of employees; retirement allowances. (a)(1) RETIREMENT,
ETC., OF EMPLOYEES GENERALLY; ELIGIBILITY FOR SERVICE RETIREMENT BENEFITS. a. Any Tier I plan
member who withdraws from service upon or after attainment of age 60 and any Tier II plan
member who withdraws from service upon or after attainment of age 62 may retire upon written
application to the Board of Control setting forth at what time, not less than 30 days nor
more than 90 days subsequent to the execution and filing thereof, he or she desires to be
retired; provided, that any such member who became a member on or after October 1, 1963, shall
have completed 10 or more years of creditable service; provided further, that a Tier I plan
member employed as a state policeman shall be eligible to file application for service retirement
upon attaining age 52 and a Tier II plan member employed as a state policeman or employed
as a correctional officer, firefighter, or law enforcement officer as defined...
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36-27-17
Section 36-27-17 Redetermination of allowances due on or after October 1, 1975. (a)
All retirement allowance payments due on or after October 1, 1975, to members who retired
prior to said date shall be redetermined as if the provisions of Acts 1975, No. 1103, amending
Section 36-27-1, were in effect at the time the member retired; provided, that the
annual retirement allowance of any member not employed as a state policeman who retired on
or before January 1, 1956, shall not be less than $79.20 multiplied by the number of years
of his creditable service not in excess of 30 years, in the case of service retirement, or
$59.40 multiplied by the number of years of his creditable service not in excess of 30 years,
in the case of disability retirement. Any increase provided in the retirement allowance payment
under this section for a member who retired under the provisions of any optional benefit
elected pursuant to subsection (d) of Section 36-27-16 shall accrue only to the retired
member,...
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16-25-190
Section 16-25-190 Increase in benefits to members and beneficiaries. (a) Commencing
October 1, 2005, there is provided an increase in benefits to each person currently receiving
benefits whose effective date of retirement was prior to October 1, 2004, for purposes of
receiving benefits, and to certain beneficiaries of deceased members and deceased retirees
currently receiving survivor benefits, if the effective date of retirement or death for the
deceased retiree or deceased member was prior to October 1, 2004, for purposes of receiving
benefits from the Teachers' Retirement System, a cost-of-living adjustment (COLA) of four
percent of the current gross benefit, but not less than fifteen dollars ($15) per month. (b)
Any future survivor allowance shall be adjusted as provided in the members' original option
selection for those eligible retirees who have selected a monthly survivor allowance payable
to a designated beneficiary upon the death of the retiree, or otherwise provided by law...
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16-25-200
Section 16-25-200 Increase in benefits to members and beneficiaries. (a) Commencing
October 1, 2006, there is provided a cost-of-living adjustment (COLA) in the amount of seven
percent of the current gross benefit, but not less than twenty-five dollars ($25) per month
to each person currently receiving benefits whose effective date of retirement was prior to
October 1, 2005, for purposes of receiving benefits, and to certain beneficiaries of deceased
members and deceased retirees currently receiving survivor benefits, if the effective date
of retirement or death for the deceased retiree or deceased member was prior to October 1,
2005, for purposes of receiving benefits from the Teachers' Retirement System. (b) Any future
survivor allowance shall be adjusted as provided in the members' original option selection
for those eligible retirees who have selected a monthly survivor allowance payable to a designated
beneficiary upon the death of the retiree, or otherwise provided by law in the...
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36-27-140
Section 36-27-140 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 1998, 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, 1998, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of not less than thirty dollars ($30) per month and the increase
shall be more if determined by computing the sum of the following two factors: (1) Four percent
of the individual's current gross monthly benefit, including all previous increases. (2) Two
dollars ($2) for each year of creditable service in covered employment prior to retirement.
Retirees who chose Option 2, 3, or 4 shall receive the...
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16-25-151
Section 16-25-151 Withdrawal from service; death of participant. (a) On withdrawing
from service pursuant to Section 16-25-14, a member who participated in DROP: (1) Who
fulfilled his or her contractual obligation pursuant to DROP shall receive a lump-sum payment
from his or her DROP account equal to the payments made to that account on his or her behalf
plus interest. Further, the member shall receive his or her accumulated contribution made
during participation in DROP, together with interest for the period of DROP participation
as provided in subdivision (1) of subsection (g) of Section 16-25-14. In lieu of a
lump-sum payment from the DROP account, to the extent eligible under applicable tax laws,
the member's total accrued benefit may be "rolled over" directly to the custodian
of an eligible retirement plan. The member shall also begin receiving his or her monthly benefit
which had been paid directly into the DROP account during his or her participation in DROP.
However, the...
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36-27-171
Section 36-27-171 Withdrawal from service; death of participant. (a) On withdrawing
from service pursuant to Section 36-27-16, a member who participated in DROP: (1) Who
fulfilled his or her contractual obligation pursuant to DROP shall receive a lump-sum payment
from his or her DROP account equal to the payments made to that account on his or her behalf
plus interest. Further, the member shall receive his or her accumulated contribution made
during participation in DROP, together with interest for the period of DROP participation
as provided in subdivision (1) of subsection (c) of Section 36-27-16. In lieu of a
lump-sum payment from the DROP account, to the extent eligible under applicable tax laws,
the member's total accrued benefit may be "rolled over" directly to the custodian
of an eligible retirement plan. The member shall also begin receiving his or her monthly benefit
which had been paid directly into the DROP account during his or her participation in DROP.
However, if...
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