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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...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby
approved, adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article
I. Purposes. The purposes of this compact are to: 1. Facilitate proper determination of state
and local tax liability of multistate taxpayers, including the equitable apportionment of
tax bases and settlement of apportionment disputes. 2. Promote uniformity or compatibility
in significant components of tax systems. 3. Facilitate taxpayer convenience and compliance
in the filing of tax returns and in other phases of tax administration. 4. Avoid duplicative
taxation. Article II. Definitions. As used in this compact: 1. "State" means a state
of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory
or possession of the United States. 2. "Subdivision" means any governmental unit
or special district of a state. 3. "Taxpayer" means any corporation, partnership,
firm,...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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16-44-1
Section 16-44-1 Governor authorized to enter into compact; form of compact. The Governor
of the State of Alabama is hereby authorized to enter into the compact for education in the
form substantially as follows: COMPACT FOR EDUCATION Article I. Purpose and Policy. A. It
is the purpose of this compact to: 1. Establish and maintain close cooperation and understanding
among executive, legislative, professional education and lay leadership on a nationwide basis
at the state and local levels. 2. Provide a forum for the discussion, development, crystallization
and recommendation of public policy alternatives in the field of education. 3. Provide a clearinghouse
of information on matters relating to educational problems and how they are being met in different
places throughout the nation. 4. Facilitate the improvement of state and local educational
systems. B. It is the policy of this compact to encourage and promote local and state initiative
in the development, maintenance, improvement and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-44-1.htm - 17K - Match Info - Similar pages
12-18-8
Section 12-18-8 Transfer into Judicial Retirement Fund of contributions made to Employees'
Retirement System of Alabama and receipt of credit for prior service under Employees' Retirement
System, etc., upon payment of contribution for prior years of service; refund of contributions
to Judicial Retirement Fund upon termination of service prior to eligibility for retirement
benefits under article. (a) Any justice or judge holding office as a member of the Supreme
Court, a court of appeals or of a circuit court on September 18, 1973, who has paid contributions
into the Employees' Retirement System of Alabama, shall be entitled to have such contributions
transferred from the Employees' Retirement System of Alabama into the Judicial Retirement
Fund and to receive credit for the time of service he had acquired under the Employees' Retirement
System of Alabama as time of service in the judicial position which he holds on September
18, 1973, regardless of whether or not such time of service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-8.htm - 4K - Match Info - Similar pages
36-27-70
Section 36-27-70 Who is eligible for additional credit. Any active and contributing
member of the Employees' Retirement System who was a regular employee of an agency eligible
for participation in the Employees' Retirement System under Section 36-27-6 and is
now covered by the Employees' Retirement System shall be eligible to receive up to eight years
of creditable service for the employment, provided that the member of the Employees' Retirement
System claiming the credit shall have attained not less than five years of contributing membership
service credit exclusive of military service credit under the Employees' Retirement System,
has not received credit for the same prior service under any retirement system other than
the federal Social Security program, and provided further, that the member performs and complies
with the conditions prescribed in Section 36-27-71. (Acts 1990, No. 90-548, p. 853,
§1; Acts 1996, No. 96-780, p. 1420, §1; Act 2001-1101, 4th Sp. Sess., p. 1162, §1;...
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36-27-44
Section 36-27-44 Interest on contributions. Any law or part of law relating to the payment
of interest on contributions as a prerequisite to the granting of credit for withdrawn, terminated,
nonmembership or military service under the Employees' Retirement System notwithstanding,
any eligible employee, member or retired member who claims such service shall pay into the
retirement system, in addition to the contributions required, interest of eight percent, compounded
annually, on such contributions, as a prerequisite to the granting of said service credit.
(Acts 1975, No. 1102, p. 2173, §4.)...
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16-25-11.12
Section 16-25-11.12 Purchase of service credit for time on maternity leave. (a) Any
provision of this chapter, to the contrary notwithstanding, active and contributing members
of the Teachers' Retirement System may purchase service credit in the system not to exceed
one year for any period of time while they were on maternity leave from service without pay.
The Board of Control of the Teachers' Retirement System shall adopt rules and regulations
for the administration of this section including verification of the service that the
member desires to purchase credit for in the system. The member shall receive credit for the
service when he or she remits to the system the contributions required by subsection (b).
Notwithstanding the foregoing language, no member of the Teachers' Retirement System shall
be eligible to receive credit for any period of time that the member is already credited with
in the system or in any other retirement plan, with the exception of the federal Social Security...
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16-25-13.2
Section 16-25-13.2 Purchase of credit for prior service at Walker College. (a) Any active
and contributing member of the Teachers' Retirement System of Alabama, who prior to July 31,
1995, was a regular employee of Walker College, may claim and purchase prior service credit,
not to exceed five years, for that prior service. Contributing members have one year from
July 31, 1995, to make a lump sum payment in order to gain credit for up to five years of
eligible service at Walker College. (b) Any person eligible under subsection (a) to claim
and purchase credit for prior service shall be awarded credit for the service under the Teachers'
Retirement System of Alabama if he or she complies with each of the following requirements:
(1) The person provides certification to the Teachers' Retirement System no later than 60
days before the date of his or her retirement, as to the time of service and salary for each
period of claimed service. The certification shall be made by the employing...
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