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12-17-227.3
Section 12-17-227.3 (Effective November 8, 2016, subject to contingencies) Transfer of membership
service and accumulated contributions. (a) Any active and contributing member of the District
Attorneys' Plan who, not more than one year prior to becoming a member of the plan was a member
of the Employees' Retirement System of Alabama or the Teachers' Retirement System of Alabama,
may elect to transfer his or her membership service and accumulated contributions in the Employees'
Retirement System or the Teachers' Retirement System to the District Attorneys' Plan. (b)
Any active and contributing member desiring to transfer any membership service and accumulated
contributions under subsection (a) shall notify the Board of Control of the Employees' Retirement
System of his or her election to transfer membership service and shall authorize the transfer
of the amount of his or her accumulated contributions to his or her credit in the Employees'
Retirement System or Teachers' Retirement System...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-227.3.htm - 2K - Match Info - Similar pages
16-25-100
Section 16-25-100 Cost-of-living increase in pension benefits to members and beneficiaries
of Teachers' Retirement System. Commencing October 1, 1994, there is provided to each person
currently receiving benefits whose effective date of retirement was prior to October 1, 1994,
for purposes of receiving benefits from the Teachers' Retirement System, 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 retirees or deceased member was prior to October
1, 1994, for purposes of receiving benefits from the Teachers' Retirement System, a cost-of-living
increase as follows: (1) Two and one-half percent of the current gross benefit paid to the
retiree and to certain beneficiaries of deceased members and deceased retirees. (2) One dollar
and fifty cents ($1.50) per month for each year of service attained by the retiree for each
retiree selecting the maximum retirement allowance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-100.htm - 2K - Match Info - Similar pages
36-27-55.1
Section 36-27-55.1 Purchase of credit for prior service with Alabama State Council on the Arts.
(a) Any active and contributing member of the Employees' Retirement System may purchase credit
in the Employees' 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 Employees'
Retirement System who is eligible to purchase any prior service credit under subsection (a)
of this section shall receive the credit if he or she pays into the system on or before his
or her date of retirement, an amount of five percent of the greater of the member's current
annual earnable compensation or average final compensation, whichever is greater, as determined
by the actuary for the system, for the entire period of prior...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.1.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
36-27-4
Section 36-27-4 Membership - Generally; denial of membership; absence from service; military
service. (a) The membership of the retirement system shall be composed as follows: (1) All
persons who shall become employees after October 1, 1945, shall become members of the retirement
system as a condition of their employment. (2) Any person who is an employee on October 1,
1945, shall become a member as of that date unless, within a period of 90 days next following,
such employee shall file with the Board of Control on a form prescribed by the board a notice
of his or her election not to be covered in the membership of the system and a duly executed
waiver of all present and prospective benefits which would otherwise inure to him or her on
account of his or her membership in the retirement system. (3) An employee whose membership
in the retirement system is contingent on his or her own election and who elects not to become
a member may thereafter apply for and be admitted to membership...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-4.htm - 9K - Match Info - Similar pages
36-27-6.2
Section 36-27-6.2 Participation of employees of counties, towns, public or quasi-public organizations,
etc. - Purchase of credit for service in position previously 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). (b) A member of the Employees' Retirement System
eligible to purchase credit in the system under subsection (a) shall receive the credit after
satisfying the following conditions: (1) Within one year of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.2.htm - 1K - Match Info - Similar pages
36-27-6.4
Section 36-27-6.4 Purchase of credit for prior service with the Oxford Emergency Medical Services,
Inc. (a) Any active and contributing member of the Oxford Emergency Medical Services, Inc.,
that participates in the Employees' Retirement System under Section 36-27-6, may purchase
prior non-qualified service for employment rendered to Oxford Emergency Medical Services before
July 14, 2009, as permitted by the IRC Section 415(n)(3)(B). Currently, under federal law
the employee must have five or more years of creditable service in the Employees' Retirement
System prior to purchasing up to five years' non-qualified service. (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. (c) Any
member who is eligible to purchase service credit shall furnish to the Secretary-Treasurer
of the Employees' Retirement System the full actuarially determined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.4.htm - 1K - Match Info - Similar pages
16-25-1
Section 16-25-1 Definitions. For the purposes of this chapter the following terms, unless a
different meaning is plainly required by the context, shall have the following respective
meanings: (1) RETIREMENT SYSTEM. The Teachers' Retirement System of Alabama as defined in
Section 16-25-2. (2) PUBLIC SCHOOL. Any day school conducted within the state under the authority
and supervision of a duly elected or appointed county or city board of education and any educational
institution supported by and under the control of the state or any private nondenominational
school operated nonprofit for the education of children of school age residing within a district
where no public school is available for the children. (3) TEACHER. Any teacher, principal,
superintendent, supervisor, college professor, administrative officer, or clerk employed in
any public school or public college within the state or employed in any private nondenominational
school operated nonprofit for the education of children of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-1.htm - 8K - Match Info - Similar pages
16-25-110
Section 16-25-110 Cost-of-living increase in pension benefits to members and beneficiaries
of Teachers' Retirement System. Commencing October 1, 1996, there is provided to each person
currently receiving benefits whose effective date of retirement was prior to October 1, 1996,
for purposes of receiving benefits from the Teachers' Retirement System, 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 retirees or deceased member was prior to October
1, 1996, for purposes of receiving benefits from the Teachers' Retirement System, a cost-of-living
increase of not less than twenty-five dollars ($25) per month and the increase shall be more
if determined as follows: (1) Two percent (2%) of the current gross benefit paid to the retiree
and to certain beneficiaries of deceased members and deceased retirees. (2) One dollar ($1)
per month for each year of service attained by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-110.htm - 1K - Match Info - Similar pages
36-27-21.4
Section 36-27-21.4 Cost-of-living increase for persons whose date of retirement is prior to
October 1, 1984; funding; eligibility where Medicaid eligibility would be impaired. (a)(1)
There is hereby provided, commencing October 1, l985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Teachers' Retirement System, is
prior to October 1, 1984, and who is receiving an allowance therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member. (2)
There is hereby provided, commencing October 1, 1985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Employees' Retirement System, is
prior to October 1, 1984, and who is receiving benefits therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member provided
that only those retired members of the Employees' Retirement System whose...
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