|
16-25-16
Section 16-25-16 Increase in benefits - Additional five percent. (a) On or after October 1,
1971, there is hereby provided to any teacher who was receiving an increased retirement allowance
under the provisions of Section 16-25-15 an increase in his or her retirement allowance by
an amount of up to five percent, excluding that part of five percent provided by any other
legislation in 1971; and in addition thereto, to any teacher who has retired since October
1, 1969 to September 30, 1971, inclusive, and who was receiving a retirement allowance, an
increase in his or her retirement allowance by an amount of up to five percent, excluding
that part of five percent provided by any other legislation in 1971. (b) The Board of Control
of the Teachers' Retirement System shall administer all the benefits provided by this section
under such rules and regulations as the said Board of Control may adopt, not inconsistent
herewith. (c) The Board of Control of the Teachers' Retirement System shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-16.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-14.htm - 23K - Match Info - Similar pages
16-25-21
Section 16-25-21 Method of financing. Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely: The Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date, the balance of the former Pension Reserve Fund shall be transferred to the
Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be transferred
to the Pension Accumulation Fund. (1) The Annuity Savings Fund shall be a fund in which shall
be accumulated contributions from the compensation of members to provide for their annuities.
Contributions to and payments from the Annuity Savings Fund shall be made as follows: a. Each
employer shall cause to be deducted from the salary of each member on each and every payroll
of such employer for each and every payroll period five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-21.htm - 15K - Match Info - Similar pages
16-25-15
Section 16-25-15 Increase in benefits - Ten percent. (a) On or after October 1, 1969, there
is hereby provided to any teacher who was receiving a retirement allowance from the Teachers'
Retirement System of Alabama and who was retired prior to October 1, 1969, an increase in
his or her maximum retirement allowance in the amount of 10 percent, excluding those whose
monthly retirement allowance is as much as $400.00 and that such increase shall be limited
so as to provide not to exceed a maximum retirement allowance of $400.00 per month. (b) The
Board of Control of the Teachers' Retirement System shall administer all the benefits provided
by this section under such rules and regulations as the said Board of Control may adopt not
inconsistent herewith. (c) The Board of Control of the Teachers' Retirement System shall determine
annually the amount required to pay the cost of the benefits provided in this section and
shall notify the chief fiscal officer of each employer the percentum rate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-15.htm - 1K - Match Info - Similar pages
36-27-20
Section 36-27-20 Increase in maximum retirement allowance of certain state, etc., employees
- 1971 five percent increase. (a) On or after October 1, 1971, there is hereby provided to
any state employee who retired prior to October 1, 1971, an increase in his maximum retirement
allowance by an amount of up to five percent, excluding that part of five percent provided
by any other legislation in 1971. (b) On or after October 1, 1971, there is hereby provided
to any employee who was retired prior to October 1, 1971, as an employee participating in
the Employees' Retirement System of Alabama under the provisions of Section 36-27-6 an increase
in his maximum retirement allowance by an amount of up to five percent, excluding that part
of five percent provided by any other legislation in 1971. The employer participating under
said Section 36-27-6 as described in this subsection shall provide the funds necessary to
pay the increase in retirement allowances as described in this subsection. (c)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-20.htm - 3K - Match Info - Similar pages
12-18-92
Section 12-18-92 1984 cost of living increase. (a) There is hereby provided, commencing October
1, 1984, to any probate judge retired prior to October 1, 1983, under the Judicial Retirement
Fund of Alabama and who is receiving a retirement allowance therefrom, a cost-of-living increase
in his maximum retirement allowance as follows: (1) If such person retired prior to October
1, 1979, a 15 percent increase in his maximum retirement allowance. (2) If such person retired
on or after October 1, 1979, but prior to October 1, 1981, a 10 percent increase in his maximum
retirement allowance. (3) If such person retired on or after October 1, 1981, but prior to
October 1, 1983, a five percent increase in his maximum retirement allowance. (b) Any person
retired under the Judicial Retirement Fund of Alabama who assumed office for the first time
on or after July 30, 1979, for purposes of this section, shall not be entitled to receive
the cost-of-living increase provided. (c) The board of control...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-92.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-16.htm - 34K - 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
36-27-21.2
Section 36-27-21.2 Increase in maximum retirement allowance of certain state, etc., employees
- 1980 cost-of-living increase. (a) There is hereby provided, commencing October 1, 1980,
to any person retired prior to October 1, 1979, under the Teachers' Retirement System or Employees'
Retirement System of Alabama and who is receiving a retirement allowance therefrom, a cost-of-living
increase in his maximum retirement allowance as follows: (1) If such person retired prior
to October 1, 1963, a 15 percent increase in his maximum retirement allowance; provided, that
he shall receive an increase of not less than $30.00, nor more than $60.00 per month; and
provided further that, if such person retired under the provisions of Section 36-27-7 and/or
Section 36-27-7.1, he shall receive an increase of not less than $15.00, nor more than $40.00,
per month. (2) If such person retired on or after October 1, 1963, but prior to October 1,
1973, a 10 percent increase in his maximum retirement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.2.htm - 8K - Match Info - Similar pages
36-27-19
Section 36-27-19 Increase in maximum retirement allowance of certain state, etc., employees
- 1969 10 percent increase. (a) On or after October 1, 1969, there is hereby provided to any
state employee who is receiving a retirement allowance from the Employees' Retirement System
of Alabama and who was retired prior to October 1, 1969, an increase in his maximum retirement
allowance in the amount of 10 percent, excluding those whose monthly retirement allowance
is as much as $400.00. Such increase shall be limited so as to provide not to exceed a maximum
retirement allowance of $400.00 per month. (b) On or after October 1, 1969, there is hereby
provided to any employee who was retired prior to October 1, 1969, as an employee participating
in the Employees' Retirement System of Alabama under the provisions of Section 36-27-6, an
increase in his maximum retirement allowance in the amount of 10 percent, excluding those
whose maximum retirement allowance is as much as $400.00 per month. Such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-19.htm - 3K - Match Info - Similar pages
|