16-25-11.20
Section 16-25-11.20 Purchase of credit for time on medical leave or full-time employment with Legislature, etc. (a) Any active and contributing member of the Teachers' Retirement System may claim and purchase service credit in the system for any prior service described and limited as follows: (1) Not more than one year for time spent on medical leave approved by the state or local employer. (2) Not more than 10 years for full-time employment with the Alabama Legislature. (3) Not more than four years for full-time employment with a subsidiary affiliate organization of an employer which has continually participated in the system since its inception. (b) The purchase of any prior service credit under subsection (a) may occur at any time prior to the member's date of retirement. The certification of prior service claimed under this section shall conform to applicable administrative rules and procedures of the Teachers' Retirement System. Members shall receive credit for the prior service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.20.htm - 1K - Match Info - Similar pages
16-25-11.21
Section 16-25-11.21 Purchase of credit for prior service to certain institutions of higher education. (a) Any active, vested, and contributing member of the Teachers' Retirement System who has been employed in public education for a minimum of 10 years may claim and purchase service credit in the system not to exceed five years for prior service between 1974 and 1989 rendered to an educational institution of higher education that receives direct appropriations from the Education Trust Fund but does not participate in the Teachers' Retirement System. The certification of prior service claimed under this section shall conform to applicable administrative rules and procedures of the Teachers' Retirement System. Members shall receive credit for the prior service when they remit to the system the contributions required by subsection (b). No member shall receive credit for any service for which the member is already credited within the system or any public retirement plan, with the exception...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.21.htm - 2K - Match Info - Similar pages
36-27-42
Section 36-27-42 Credit for prior service - Generally. Any member who was a member of the Employees' Retirement System on October 1, 1974, and who prior to said date had been ineligible to receive credit for service rendered as an employee prior to October 1, 1945, for reasons other than having been employed as a nonmember, shall be eligible under the provisions of Article 1 of this chapter to receive credit for all service as an employee rendered by him prior to the date of establishment of the retirement system; provided, that such person has never waived his claim on the funds of the retirement system by withdrawing his accumulated contributions to said funds; and provided, that said member has not been absent from service more than five years in any period of six consecutive years after becoming a member of the retirement system. (Acts 1975, No. 1102, p. 2173, ยง3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-42.htm - 1K - Match Info - Similar pages
36-27-48.1
Section 36-27-48.1 Credit in system for period of service for which position excluded. (a) Any active and contributing member of the Employees' Retirement System who is an employee of an employer participating in the system pursuant to Section 36-27-6, and whose current position was once excluded by the employer from participating in the system, may receive credit in the system for the period of full-time service for which his or her position was excluded by the employer from participating in the system, provided the member claiming the credit has been continuously employed by the employer since January 1, 1987, and the member performs and complies with the conditions prescribed in subsection (b) of this section. (b) A member of the Employees' Retirement System eligible to purchase credit in the system under subsection (a) of this section shall receive the credit after satisfying the following conditions: (1) Each person eligible to claim and purchase the credit for service under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-48.1.htm - 2K - Match Info - Similar pages
36-27-7.2
Section 36-27-7.2 Reopening of Employees' Retirement System for purchase of prior service credit by active and contributing member of Cooperative Extension Service of Auburn University. (a) Pursuant to Section 36-27-7.1, an active and contributing member of the Employees' Retirement System may elect to purchase prior service credit for full time employment he or she had in the Cooperative Extension Service at Auburn University, acquired before May 1, 1976, provided the person complies with the following conditions prescribed in this section. (b) A member eligible to claim and purchase the credit for service under subsection (a) shall be awarded creditable service under the Employees' Retirement System. The member shall pay into his or her retirement system or fund, prior to the date of retirement of the member and prior to October 1, 1997, a sum equal to a percentage of his or her current annual earnable compensation, or average final compensation, whichever shall be greater, for each...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-7.2.htm - 1K - Match Info - Similar pages
36-27-71
Section 36-27-71 Conditions precedent to receipt of credit. (a) A member of the Employees' Retirement System of Alabama who becomes eligible under Section 36-27-70 on or after December 28, 2001, may receive credit for employment rendered to a city, county, or a political subdivision thereof of the State of Alabama as provided in Section 36-27-70 provided that as conditions precedent to the receipt of such credit: (1) Such member shall contribute, prior to the date of his or her retirement to the Employees' Retirement System for each year of employment with a city, county, or a political subdivision thereof of the State of Alabama, the full actuarially determined cost for each year of service purchased as determined by the system's actuary. (2) The city, county, or the political subdivision thereof of the State of Alabama for which such member was employed shall certify in writing to the Employees' Retirement System the dates of the member's employment together with a statement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-71.htm - 3K - Match Info - Similar pages
16-25-11.11
Section 16-25-11.11 Purchase of credit for prior service with Alabama State Council on the Arts. (a) Any active and contributing member of the Teachers' Retirement System may purchase credit in the Teachers' Retirement System for prior service with the Alabama State Council on the Arts if the member has not received credit in the system for the same prior service and has not vested or otherwise become eligible to receive a retirement benefit by using the same prior service credit in another pension plan offered by the council. (b) A member of the Teachers' Retirement System who is eligible to purchase any prior service credit under subsection (a) shall receive the credit if he or she pays into the system on or before his or her date of retirement, an amount equal to the full actuarially determined cost for each year of prior service purchased as determined by the system's actuary. Prior service may be purchased only in yearly increments of at least two years at a time. (Acts 1995, No....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.11.htm - 1K - Match Info - Similar pages
16-25-11.19
Section 16-25-11.19 Purchase of credit for prior service with Federal Bureau of Mines. (a) Any active, vested, and contributing member of the Teachers' Retirement System may claim and purchase service credit in the system not to exceed 8 years for prior service as a full-time employee of the Federal Bureau of Mines. The certification of prior service claimed under this section shall conform to applicable administrative rules and procedures of the Teachers' Retirement System. Members shall receive credit for the prior service when they remit to the system the contributions required by subsection (b). No member shall receive credit for any service that the member is already credited with in the system or any other public retirement plan, with the exception of the federal Social Security program. (b) Any member who is eligible to purchase service credit pursuant to subsection (a) shall pay to the Secretary-Treasurer of the system, within one year from August 1, 2000, for the claimed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.19.htm - 1K - Match Info - Similar pages
36-27-55.4
Section 36-27-55.4 Purchase of credit for prior service with International Motorsports Hall of Fame. (a) An active and contributing member of the Employees' Retirement System who is currently employed with the International Motorsports Hall of Fame may purchase credit in the system for prior service rendered with the International Motorsports Hall of Fame and compensated by the International Speedway Corporation between January 1, 1982, and December 31, 1983. Notwithstanding, no member shall receive credit for any service that the member is already credited with in the system or any other public retirement plan with the exception of the federal Social Security program. (b) A member eligible to purchase prior service credit in the Employees' Retirement System under subsection (a) may elect to purchase the credit prior to October 1, 2002, by paying the Secretary-Treasurer of the Employees' Retirement System a lump sum equal to the full actuarially determined cost for each year of service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.4.htm - 1K - Match Info - Similar pages
36-27-55.7
Section 36-27-55.7 Purchase of credit for prior service with U. S. Department of Agriculture Farm Service Agency. (a) Any active and contributing member of the Teachers' Retirement System or the Employees' Retirement System who has 10 years or more of credible service in either system may claim and purchase service credit in the system for up to 10 years of prior service for employment as an employee with the United States Department of Agriculture Farm Service Agency if the member complies with the conditions prescribed in subsection (b). No member shall receive credit for any service that the member is already credited with in the system or any other public retirement plan, with the exception of the federal Social Security program. (b) Any member who is eligible to purchase service credit pursuant to subsection (a) shall pay to the Secretary-Treasurer of the system, by May 23, 2013, the full actuarially determined cost for each year of claimed service as determined by the system's...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.7.htm - 1K - Match Info - Similar pages
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