45-37-123.151
Section 45-37-123.151 Benefit enhancements. (a) Specifically, but not in limitation of the
pension board's authority to amend the plan as set forth in Section 45-37-123.150, the pension
board may amend the plan to increase or enhance member benefits by cost-of-living increase,
lump sum payment, or in any other form or manner as the pension board may prescribe, provided
that such benefit increases or enhancements have been: (1) Certified in a written opinion
by a competent actuary that the trust fund and the anticipated receipts and liabilities are
sufficient to pay for the increase or enhancement; and (2) Set forth in written rules and
regulations adopted by the pension board. (b) In no event shall a member be entitled to any
benefit increase or enhancement, including any cost-of-living increase. (Act 2013-415, p.
1586, §2:7.2; Act 2019-243, §1.)...
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45-37-123.28
Section 45-37-123.28 Claims procedure. (a) Claims for benefits under the plan shall be filed
in writing with the pension coordinator on forms provided by the pension board in accordance
with procedures established by the pension board and/or the pension coordinator. The procedure
and documents to be produced by a member or beneficiary may differ depending on the type of
benefit claim being made. (b) The pension board may allow a properly designated power of attorney
to act on behalf of a member or beneficiary so long as the act is authorized under the terms
of the power of attorney documentation. (Act 2013-415, p. 1586, §2:2.9.)...
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45-37-123.83
Section 45-37-123.83 Forfeitures, donations, and other similar contributions. The pension board
and county are authorized to contribute to the trust fund any monies received in the form
of donations, gifts, appropriations, bequests, or otherwise, or derived therefrom. Additionally,
any member or beneficiary who fails to make timely application for the amount of his or her
employee contributions pursuant to Section 45-37-123.104 shall be deemed to have forfeited
and donated such employee contributions to the trust fund. In no event shall any forfeitures
under the plan result in an increase in the benefit to be paid to any member. The pension
coordinator shall provide one certified letter to the member within 60 days following the
member's termination of employment advising the member of the foregoing forfeiture provisions.
See also Section 45-37-123.194 for additional forfeiture provisions. (Act 2013-415, p. 1586,
§2:4.4.)...
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45-37A-51.246
Section 45-37A-51.246 Board of health department retirees' supplemental benefit. (a) Effective
July 1, 2006, in addition to the benefits described herein for normal retirement, ordinary
disability, and extraordinary disability, every participant retired from the health department
who has retired under the pension system herein, immediately following having been in the
board of health service, or who did not otherwise become eligible for a benefit calculated
at 2.5 percent per year after July 1, 2006, any such retiree of the board of health shall
receive an increase in the amount of seventy-five dollars ($75) per month; and any survivor
of such retiree or participant shall receive an increased monthly benefit based upon the applicable
percentage rate of benefit to which the survivor was otherwise entitled determined as of the
date of death of such retiree or participant. (b) No benefit shall be granted under this section
until an actuarial determination has been made that there are...
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15-13-206
Section 15-13-206 Alabama Professional Bail Bonding Board - Alabama Bail Bond Board Fund. (a)
There is created in the State Treasury for the use of the Alabama Professional Bail Bonding
Board a fund to be known as the Alabama Bail Bond Board Fund. (b) All application and license
fees, penalties, fines, and any other fees or funds collected by the board under this article
are to be deposited in this fund and used only to carry out the operations of the board. (c)
For the purpose of carrying out the objectives of this article and for the exercise of the
powers granted in this article, the Alabama Professional Bail Bonding Board may direct the
disbursement of the funds from the Alabama Bail Bond Board Fund necessary to cover reasonable
and necessary operating costs and board member compensation and expenses as provided by this
article, which shall be paid on warrant of the Comptroller upon certificate or voucher of
the secretary of the board, approved by the president or vice president of...
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16-25A-2
Section 16-25A-2 Public Education Employees' Health Insurance Board; membership, compensation,
oath of office, officers, staff, etc. (a) The Public Education Employees' Health Insurance
Board shall consist of the members of the Board of Control of the Teachers' Retirement System
of Alabama; (b) Board members shall serve without compensation for their services as board
members, but shall be reimbursed from the fund established in subsection (f) of Section 16-25A-8
for all necessary expenses that they may incur through service on the board; (c) Each board
member shall, within 10 days after his appointment or election to the Board of Control of
the Teachers' Retirement System, take an oath of office that, so far as it devolves on him,
he will diligently and honestly administer the affairs of the board herein established, and
that he will not knowingly violate, or willingly permit to be violated, any of the provisions
of law applicable to the Public Employees' Health Insurance Plan. Such...
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45-28A-42.65
Section 45-28A-42.65 Payments to beneficiaries of deceased active member. If any active member
of such police or fire department, or any member of such department on official leave of absence
from such department and in the Armed Forces of the United States, shall die from any cause
whatever, leaving a widow or widower, the board shall direct the payment from the fund, to
the widow or widower, of a sum equal to 50 percent of the amount specified in this subpart
to be paid to a retired fireman or policeman of the same rank as such deceased member at the
time of his or her death, the monthly payments to continue to such widow or widower during
his or her natural life and while unmarried. Should such deceased member leave no surviving
widow or widower, but leave surviving him or her a child or children under 18 years of age,
the board of trustees shall direct the payment monthly from such fund, until such child or
children shall have attained the age of 18 years, of a sum equal to 50...
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45-34-110
Section 45-34-110 Compensation. (a) Each member of the Board of Registrars of Henry County
shall receive additional compensation paid from the county general fund not to exceed ten
dollars ($10) for each day that the board meets. (b) This section shall have retroactive effect
to April 1, 2002, and all payments made heretofore to the members of the board of registrars
pursuant to subsection (a) are hereby ratified and confirmed. (Act 2003-153, p. 456, §§1,
3.)...
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45-37-123.81
Section 45-37-123.81 Actuarial methods. There shall be an actuarial valuation of the plan at
least once every five years. The plan assets are to be valued on the last day of the fiscal
year, or on any other date determined by the pension board, using any reasonable method of
valuation. In establishing the liabilities under the plan and contributions thereto, an enrolled
actuary shall use such methods and assumptions as shall reasonably reflect the cost of the
benefits. The actuary shall be a member of the American Academy of Actuaries or the Society
of Actuaries, and the board shall require the actuary, taking into account the result of the
investigation and analysis, to certify whether or not the rates of benefits established herein
or from time to time established by the pension board are actuarially feasible and adequate
in view of the funds available. (Act 2013-415, p. 1586, §2:4.2.)...
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45-37A-51.280
Section 45-37A-51.280 Liabilities of employee members to fund. Any debt or liability of a participant
to the fund or to the city shall be offset against, recouped from, and deducted from, any
amount due from the fund to the employee member or those claiming under him or her either
as return of contributions or as disability or retirement payments or death benefits, and
only the balance, if any, shall be payable by the fund. (Act 2006-339, p. 851, Art. VIII,
§1.)...
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