36-27-120
Section 36-27-120 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 1994, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 1994, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of not less than twenty-five dollars ($25) per month and the increase
shall be more if determined by computing the sum of the following three factors: (1) Two and
one-half (2.5) percent of the individual's current gross monthly benefit, including all previous
increases. (2) One dollar and fifty cents ($1.50) for each year of creditable service in covered
employment prior to retirement. (3) One dollar ($1) for...
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36-27-142
Section 36-27-142 Amount of increase - Persons whose employer participated in the Employees'
Retirement System. Commencing October 1, 1998, each person whose employer participated in
the Employees' Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective
date of retirement for purposes of receiving benefits from the Employees' Retirement System
is prior to July 1, 1998, and who is receiving a monthly allowance or is eligible to receive
a monthly allowance from the Employees' Retirement System, shall receive a cost-of-living
increase in the amount of one half the amount of the years of service factor and the full
amount (four percent) of the current gross benefit factor of the formula in Section
36-27-140. Retirees who chose Option 2, 3, or 4 shall receive the cost-of-living increase
reduced by the same percentage as the reduction which occurred because of the option selected
unless the designated beneficiary under the option is deceased on July 1, 1998, in which...

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36-29-10
Section 36-29-10 Election by retired employees to continue coverage; payment of premiums.
(a) Employees covered under the plan who retire from active service before January 1, 2012,
and begin receiving monthly benefits from the Employees' Retirement System of Alabama, Judicial
Retirement System of Alabama, or from the Teachers' Retirement System of Alabama may elect
to continue coverage under the plan by consenting to have the employee contribution deducted
from their monthly benefit payment for coverage of such retired employees. (b) Employees covered
under the plan who retire from active service after December 31, 2011, with at least 10 years
of creditable coverage and begin receiving monthly benefits from the Employees' Retirement
System of Alabama, Judicial Retirement System of Alabama, or the Teachers' Retirement System
of Alabama may elect to continue coverage under the plan by consenting to have the employee
contribution deducted from their monthly benefit payment for coverage...
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41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds.
The authority is authorized from time to time to sell and issue the bonds in one or more series
in an aggregate principal amount of up to fifty million dollars ($50,000,000) in order to
provide the funds to pay project costs, ancillary costs, and training costs. (b) Source of
payment. The bonds authorized herein shall be solely and exclusively an obligation of the
authority and shall not create an obligation or debt of the state. Such bonds shall not be
general obligations of the authority but shall be payable solely from the pledged revenues.
(c) Security for the bonds. The principal of and interest on the bonds shall be secured by
a pledge of the pledged revenues and, if necessary and desirable in the authority's sole discretion,
a mortgage on any part of the project. The resolution under which the bonds are authorized
by the authority to be issued and any trust indenture or mortgage may contain any...
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45-37A-51.228
Section 45-37A-51.228 Survivor's benefits. (a) Effective July 1, 2002, in the event
of the death of a retiree or participant who, on the date of his or her death was eligible
for voluntary retirement under Section 45-37A-51.220, there may be payable a monthly
survivor's benefit equal to 60 percent of the monthly retirement benefit which the retiree
was receiving or was entitled to receive prior to his or her death or which the participant
would have been entitled to receive had he or she retired under Section 45-37A-51.220
on the day preceding his or her death; notwithstanding anything to the contrary, the survivor's
benefit may be increased pursuant to Section 45-37A-51.242. In the event any survivor
is being paid an amount in excess of 60 percent of the retiree's monthly benefit on May 1,
2006, such survivor's benefits shall not be decreased. (b)(1) Effective July 1, 2002, upon
the death of any retiree or participant who at the time of his or her death was not eligible
for voluntary...
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45-37A-52.228
Section 45-37A-52.228 Survivor's benefits. (a) Effective July 1, 2002, in the event
of the death of a retiree or participant who, on the date of his or her death was eligible
for voluntary retirement under Section 45-37A-51.220, there may be payable a monthly
survivor's benefit equal to 60 percent of the monthly retirement benefit which the retiree
was receiving or was entitled to receive prior to his or her death or which the participant
would have been entitled to receive had he or she retired under Section 45-37A-51.220
on the day preceding his or her death; notwithstanding anything to the contrary, the survivor's
benefit may be increased pursuant to Section 45-37A-51.242. In the event any survivor
is being paid an amount in excess of 60 percent of the retiree's monthly benefit on May 1,
2006, such survivor's benefits shall not be decreased. (b)(1) Effective July 1, 2002, upon
the death of any retiree or participant who at the time of his or her death was not eligible
for voluntary...
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45-8A-22.103
Section 45-8A-22.103 Trustee; pensions and benefits. (a) The retirement board or the
person or entity appointed by the retirement board and named as trustee in any separate trust
forming a part of the plan shall serve as the trustee of the trust (the "trustee").
It may adopt and enforce necessary rules and regulations to carry out the purposes of the
plan and enable it to properly manage and administer the trust, including employing investment
counselors and agents to invest and manage portions of the trust, as the retirement board
may direct. (b) When the actuary certifies that the necessary funds are available, the retirement
board, in accordance with Section 45-8A-22.101, may increase the benefits provided
for retirees by passing a written board resolution which declares that the monthly benefit
paid to each retiree, surviving spouse, or other beneficiary of the retiree shall be increased
by a flat dollar amount per month, increased by a flat dollar amount per year of active service...

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45-8A-22.111
Section 45-8A-22.111 Participant eligibility for benefits. A participant's service with
the City of Anniston as a sworn police officer or a sworn firefighter is used to determine
the participant's eligibility for a benefit from the plan and the amount of benefits that
the participant may be entitled to receive. Unless provided otherwise, service shall be based
on a continuous period beginning on the first day of employment as a sworn police officer
or a sworn firefighter and ending on the participant's date of retirement, or if earlier,
his or her date of termination of employment or date of death. No service is credited for
any partial years of service. If the participant's employment with the City of Anniston as
a sworn police officer or a sworn firefighter terminates prior to becoming eligible for retirement,
he or she will lose any service credited under the plan. (Act 2012-484, p. 1349, §12.)...

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27-15-82
Section 27-15-82 Exceptions. This article shall not apply to any of the following: (1)
Reinsurance. (2) Group insurance. (3) Pure endowment. (4) Annuity or reversionary annuity
contract. (5) Variable life insurance contract. (6) A term policy of uniform amount, which
provides no guaranteed nonforfeiture or endowment benefits, or renewal thereof, of 20 years
or less, expiring before age 71, for which uniform premiums are payable during the entire
term of the policy. (7) A term policy of decreasing amount, which provides no guaranteed nonforfeiture
or endowment benefits, on which each adjusted premium, calculated as specified in Sections
27-15-75, 27-15-76, 27-15-77, and 27-15-78, is less than the adjusted premium so calculated
on a term policy of uniform amount, or renewal thereof, which provides no guaranteed nonforfeiture
or endowment benefits, issued at the same age and for the same initial amount of insurance
and for a term of 20 years or less, expiring before age 71, for which...
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27-31B-6
Section 27-31B-6 Minimum capital and surplus. (a) No captive insurance company shall
be issued a license unless it shall possess and thereafter maintain unimpaired paid-in capital
and surplus as follows: (1) In the case of a pure captive insurance company, not less than
two hundred fifty thousand dollars ($250,000) or such other amount determined by the commissioner
and actuarially supported by a feasibility study. (2) In the case of an association captive
insurance company or risk retention group, not less than five hundred thousand dollars ($500,000)
or such other amount determined by the commissioner and actuarially supported by a feasibility
study. (3) In the case of an industrial insured captive insurance company, not less than five
hundred thousand dollars ($500,000). (4) In the case of a protected cell captive insurance
company, not less than two hundred fifty thousand dollars ($250,000) or such other amount
determined by the commissioner and actuarially supported by a...
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