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16-1-18.2
Section 16-1-18.2 Payment for unused sick leave upon death of employee. (a) Payment
to beneficiary or estate for unused sick leave. Any provision of law to the contrary notwithstanding,
when an active and contributing member of the Teachers' Retirement System dies while in service,
the beneficiary or estate of the deceased member shall receive a monetary payment of 100 percent
of the member's accrued and unused sick leave, not to exceed the maximum days provided in
Section 16-1-18.1. The amount of reimbursement per day for earned and unused sick leave
shall be computed on the basis of the member's daily rate of pay and multiplied by the number
of unused sick leave days and partial sick leave days in the deceased member's account at
the time of death, not to exceed the maximum days allowed in Section 16-1-18.1. The
beneficiary shall be the designated beneficiary for Teachers' Retirement System benefits.
The State Comptroller shall develop and disseminate certification of death forms to...
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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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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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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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16-25-11.1
Section 16-25-11.1 Use of accrued sick leave in determining creditable service in retirement
system; conversion of unused sick leave. (a) Teachers, as defined in subdivision (3) of Section
16-25-1 or subsection (d) of Section 16-25-5, as amended may use their accrued sick
leave, up to a maximum number of accrued sick leave days allowed by law, to be included as
membership service in determining the total years of creditable service in the Teachers' Retirement
System of Alabama; provided, any teacher not authorized by law to receive sick leave may use
any accrued sick leave provided by his or her employer, provided, that employer is lawfully
empowered to grant such leave, which cannot be without pay; and provided further that the
amount of such accrued leave shall not exceed the maximum number of accrued sick leave days
allowed by law for a classroom teacher employed by a city or county board of education. Unused
sick leave may be converted to membership service only for the purpose of...
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16-1-18.1
Section 16-1-18.1 Accumulation of sick leave. (a) Definitions. When used in this section,
the following terms shall have the following meanings, respectively: (1) EMPLOYEE. Any person
employed full time as provided by law by those employers enumerated in this section;
and adult bus drivers. (2) EMPLOYER. All public city and county boards of education; the Board
of Trustees of the Alabama Institute for Deaf and Blind; the Alabama Youth Services Department
District Board in its capacity as the Board of Education for the Youth Services Department
District; the Board of Directors of the Alabama School of Fine Arts; the Board of Trustees
of the Alabama High School of Mathematics and Science; for purposes of subsection (c) only,
the Alabama State Senate, the Lieutenant Governor, the Office of the Senate President Pro
Tempore, the Speaker of the House of Representatives, the Alabama House of Representatives,
the Legislative Reference Service; any organization participating in the Teachers'...
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45-37A-51.09
Section 45-37A-51.09 Compensation limits; forfeitures; required minimum. (a) Compensation
in excess of one hundred sixty thousand dollars ($160,000), or such other amount provided
in the Internal Revenue Code of 1986, as amended, shall be disregarded. Such amount shall
be adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B),
except that the dollar increase in effect on January 1 of any calendar year shall be effective
for the fiscal years beginning with or within such calendar year. If compensation for any
prior determination period is taken into account in determining a participant member's benefits
for the current fiscal year, the compensation for such prior determination period is subject
to the applicable annual compensation limit in effect for that prior period. (b) Notwithstanding
the foregoing and to the extent applicable to governmental plans as such are defined in Section
414(d) of the Internal Revenue Code of 1986, as amended, in no event may...
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10A-5A-8.02
Section 10A-5A-8.02 Death or disqualification of member. (a) In the case of a limited
liability company performing professional services, upon the death of a member, upon a member
becoming a disqualified person, or upon a transferable interest being transferred by operation
of law or court decree to a disqualified person, the transferable interest of the deceased
member or of the disqualified person may be transferred to a qualified person and, if not
so transferred, subject to Section 10A-5A-4.06, shall be purchased by the limited liability
company as provided in this section. (b) If the price of the transferable interest
is not fixed by the limited liability company agreement, the limited liability company, within
six months after the death or 30 days after the disqualification or transfer, as the case
may be, shall make a written offer to pay to the holder of the transferable interest a specified
price deemed by the limited liability company to be the fair value of the transferable...
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45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms
shall have the following meanings: (1) ACT. The act adding this part, to be called the General
Retirement System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual
who currently is employed by the county or other entities set forth in subdivision (20) and
is making employee contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30,
1984, or such other dates as set forth in Exhibit A, which is maintained in the office of
the pension board, a form of benefit differing in time, period, or manner of payment from
a specific benefit provided under the plan but having the same value when computed using the
mortality tables, the interest rate, and any other assumptions last adopted by the pension
board, which assumptions shall clearly preclude any discretion in the determination of the
amount of a member's benefit. (4) ACTUARIAL GAIN. As defined in Section...
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