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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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36-27-17
Section 36-27-17 Redetermination of allowances due on or after October 1, 1975. (a)
All retirement allowance payments due on or after October 1, 1975, to members who retired
prior to said date shall be redetermined as if the provisions of Acts 1975, No. 1103, amending
Section 36-27-1, were in effect at the time the member retired; provided, that the
annual retirement allowance of any member not employed as a state policeman who retired on
or before January 1, 1956, shall not be less than $79.20 multiplied by the number of years
of his creditable service not in excess of 30 years, in the case of service retirement, or
$59.40 multiplied by the number of years of his creditable service not in excess of 30 years,
in the case of disability retirement. Any increase provided in the retirement allowance payment
under this section for a member who retired under the provisions of any optional benefit
elected pursuant to subsection (d) of Section 36-27-16 shall accrue only to the retired
member,...
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36-27B-3
Section 36-27B-3 Payment of benefits; amount; "in-service" defined. Upon receipt
of proof satisfactory to the respective Board of Control, of the death of a contributing member,
in-service, who had completed at least one year of contributing membership service; or of
the death of a contributing member as a result of an injury arising out of and in the course
of the performance of his duties regardless of length of membership service, in lieu of the
matching amount equal to the accumulated contributions of the member not to exceed $5,000.00
payable pursuant to the provisions of Section 36-27-16(c)(2), (3) and (4) or Section
16-25-14(g)(2), (3) and (4), there shall be paid a death benefit equal to the annual earnable
compensation of the member as reported to the retirement systems for the preceding fiscal
or scholastic year as the case may be; provided that in the event of the death of a contributing
member to whom such benefit is payable who has completed less than one year of...
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45-37-123.103
Section 45-37-123.103 Death benefits. (a) Preretirement death benefits. A vested member's
beneficiary is entitled to a preretirement joint survivorship pension, as described below.
(1) MARRIED MEMBER. If a married, active member dies, then the beneficiary may elect, on a
form provided by the pension board, to be paid in one of the following forms: a. One Hundred
Percent Preretirement Joint Survivorship Pension. If such member was eligible for a deferred
retirement benefit at the time of the member's death, then the beneficiary may elect to be
paid in the form of a 100 percent preretirement joint survivorship pension, which is a monthly
annuity paid during the beneficiary's lifetime which is equal to the actuarial equivalent
of the benefits that would have been paid to the member if, instead of dying, the member had
terminated employment; or b. Refund. The beneficiary may elect a refund of the member's employee
contributions in accordance with Section 45-37-123.104(4)b. (2) UNMARRIED...
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45-37-123.104
Section 45-37-123.104 Withdrawal and refund of employee contributions. The following
provisions generally govern a member's withdrawal and refund of employee contributions under
the plan. Any member who fails to make application for the amount of his or her employee contributions
pursuant to this section within five years after his or her separation from the service
of the county, except as otherwise provided herein or otherwise determined by the pension
board, shall be deemed to have forfeited and donated such employee contributions to the trust
fund pursuant to Section 45-37-123.83. The foregoing five year rule only applies to
a member; in the case of a beneficiary, the pension board may only forfeit employee contributions
after it has exhausted reasonable efforts to locate the beneficiary. (1) WITHDRAWAL OF EMPLOYEE
CONTRIBUTIONS BY MEMBERS NOT ENTITLED TO A DEFERRED RETIREMENT BENEFIT. In the event that
a member ceases to be an employee of the county for reasons other than...
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12-18-150
Section 12-18-150 (Effective November 8, 2016, subject to contingencies) Definitions.
When used in this article, the following terms shall have the following meanings, respectively,
unless the context clearly indicates otherwise: (1) ACCUMULATED CONTRIBUTIONS. The sum of
all the amounts deducted from the compensation of a member credited to his or her individual
account in the Judges' and Clerks' Plan, together with regular interest thereon. (2) ACTUARIAL
EQUIVALENT. A benefit of equal value when computed upon the basis of the mortality tables
adopted by the Board of Control and regular interest. (3) ANNUITY. Payments for life derived
from the accumulated contributions of a member. All annuities shall be payable in equal monthly
installments. (4) AVERAGE FINAL COMPENSATION. The average annual compensation of a judge or
clerk with respect to which he or she had made contributions pursuant to Section 12-18-152
during the five years in his or her last 10 years of membership service for...
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36-21-184
Section 36-21-184 Board of Commissioners of the Alabama Firefighters Annuity and Benefit
Fund - Maintenance of records. The board shall keep permanent records of its membership, receipts,
disbursements, and all of its other affairs under this article. Such records of the members
shall show, with respect to each member, his or her name, age, date of beginning of prior
service, date of beginning of membership service, the amount of all payments made by him or
her to the fund, the date of any incapacity and the nature thereof and reason therefor, the
amount of all annuities or benefits, if any, paid to him or her under this article, and such
other information with respect to each member as shall be deemed necessary by the board for
the proper determination of eligibility for annuities and benefits under this article and
the amount of potential liability of the fund for the same. All records, papers, documents,
and other data of the board shall be carefully preserved in a safe, secure, and...
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36-27-1
Section 36-27-1 Definitions. When used in this article, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
RETIREMENT SYSTEM. The Employees' Retirement System of Alabama as defined in Section
36-27-2. (2) EMPLOYEE. Any regular employee of the State of Alabama whose salary is paid by
state warrant by the state, except a member of the Legislature of the state, a person who
is covered or eligible to be covered under the Teachers' Retirement System of Alabama or any
other retirement system to which contributions are made by the state, an elective official
of the state government, and a temporary employee or person engaged under retainer or special
agreement. In all cases of doubt the Board of Control shall determine who is an employee within
the meaning of this article. The term shall include any regular employee of the Alabama state
hospitals and Partlow State School and Hospital and the Alabama State Port Authority,...
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45-37-123.100
Section 45-37-123.100 Retirement benefits. (a) Superannuation retirement benefit. (1)
ELIGIBILITY. A member shall be eligible for a superannuation retirement benefit if: a. The
member has 30 or more years of paid membership time, regardless of age; b. The member has
10 or more years of paid membership time and has attained the age of 60; or c. The member
has 30 years of service, 20 years of which are paid membership time, and has attained the
age of 55. (2) CALCULATION OF BENEFIT. If a member meets the foregoing eligibility criteria,
then the member shall be eligible to retire and receive a monthly benefit for the remainder
of his or her life to be determined by the following formula: a. Two and one-half percent
multiplied by the basic average salary multiplied by the number of years of paid membership
time; plus b. Five-eights of one percent multiplied by the basic average salary multiplied
by the number of years of unpaid membership time, if applicable. (3) SEVENTY-FIVE PERCENT...
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12-17-227
Section 12-17-227 (Effective November 8, 2016, subject to contingencies) Definitions.
When used in this division, the following terms shall have the following meanings, respectively,
unless the context clearly indicates otherwise: (1) ACCUMULATED CONTRIBUTIONS. The sum of
all the amounts deducted from the compensation of a member credited to his or her individual
account in the District Attorneys' Plan, together with regular interest thereon. (2) ACTUARIAL
EQUIVALENT. A benefit of equal value when computed upon the basis of the mortality tables
adopted by the Board of Control and regular interest. (3) ANNUITY. Payments for life derived
from the accumulated contributions of a member. All annuities shall be payable in equal monthly
installments. (4) AVERAGE FINAL COMPENSATION. The average annual compensation of a district
attorney with respect to which he or she had made contributions pursuant to Section
12-17-227.2 during the five years in his or her last 10 years of membership service...
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