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27-15-28.1
Section 27-15-28.1 Standard nonforfeiture law for individual deferred annuities - Annuity contracts
issued by election under this section until June 30, 2006. (a) This section shall be known
as the standard nonforfeiture law for individual deferred annuities. (b) This section shall
not apply to any reinsurance group annuity purchased under a retirement plan or plan of deferred
compensation established or maintained by an employer (including a partnership or sole proprietorship)
or by an employee organization, or by both, other than a plan providing individual retirement
accounts or individual retirement annuities under Section 408 of the Internal Revenue Code,
as now or hereafter amended, premium deposit fund, variable annuity, investment annuity, immediate
annuity, any deferred annuity contract after annuity payments have commenced or reversionary
annuity, nor to any contract which shall be delivered outside this state through an agent
or other representative of the company issuing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-28.1.htm - 12K - Match Info - Similar pages
27-15-28.2
Section 27-15-28.2 Standard nonforfeiture law for individual deferred annuities - Annuity contracts
issued after June 30, 2006, or by election under this section until June 30, 2006. (a) This
section shall be known as the standard nonforfeiture law for individual deferred annuities.
(b) This section shall not apply to any reinsurance group annuity purchased under a retirement
plan or plan of deferred compensation established or maintained by an employer (including
a partnership or sole proprietorship) or by an employee organization, or by both, other than
a plan providing individual retirement accounts or individual retirement annuities under Section
408 of the Internal Revenue Code, as now or hereafter amended, premium deposit fund, variable
annuity, investment annuity, immediate annuity, any deferred annuity contract after annuity
payments have commenced or reversionary annuity, nor to any contract which shall be delivered
outside this state through an agent or other representative...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-15-28.2.htm - 13K - Match Info - Similar pages
16-25A-8
Section 16-25A-8 Funding of health insurance plan; participation; Public Education Employees'
Health Insurance Fund. (a) The Public Education Employees' Health Insurance Board is hereby
authorized to provide under the contract or contracts entered into under the provisions of
this article an insurance benefit plan for each covered employee and, under certain conditions,
retired employees; the cost of such plan may be funded in part or in full through monthly
premiums per active employee from the same source of funds as those used for the payment of
salaries of active members and in part from other funds. (b) On or before January 1 next preceding
each regular meeting of the Legislature, the board shall certify to the Governor and to the
Legislature the amount or amounts necessary to fund coverage for benefits authorized by this
article for the following fiscal year for employees and for retired employees as a monthly
premium per active member per month. The Legislature shall set the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25A-8.htm - 6K - Match Info - Similar pages
25-5-60
of any guardian or guardians, what portion of the compensation shall be applied for the benefit
of any child or children and may order the same paid to a guardian or custodian of the child
or children. d. Partial dependents shall be entitled to receive only that proportion of the
benefits provided for total dependents which the average amount of the earnings regularly
contributed by the deceased employee to the partial dependent, at and for a reasonable time
immediately prior to the injury, bore to the total income of the dependent during the
same time. If there is one dependent and one or more partial dependents and the dependent
is not entitled to the maximum amount of compensation provided in Section 25-5-68, there shall
be paid to the partial dependent or partial dependents that percentage of the benefit paid
to a full dependent which the contribution of the decedent to the partial dependent's support
bears to the total income of the partial dependent. Notwithstanding the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-60.htm - 5K - Match Info - Similar pages
45-49A-81.12
Section 45-49A-81.12 Benefits for widows and orphans. (a) In the event of the death of a married
employee and if at the time of such death the employee (1) is in the active employment of
the city, or (2) is receiving a pension either for disability or for longevity from the city
a pension shall be paid to his or her spouse. (b) The annual amount of such spouse's pension,
which shall be payable monthly, shall be equal to one-half of the amount of pension which
the deceased employee, if on a disability pension, was receiving or entitled to receive at
the time of his or her death; or one-half of the amount which the deceased employee, if actively
employed, would have been entitled to as a pension upon attaining age 55, or immediately if
he or she is then age 55 or older as the case may be, if he or she had retired instead of
dying on the day of his or her death. In no event, however, will the amount of such spouse's
pension be less than 10 percent of the annual compensation of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-81.12.htm - 4K - Match Info - Similar pages
45-8A-22.112
qualified military service. In general, those time periods are as follows: (1) One day after
a participant's qualified military service ends, if such service was less than 31 days. (2)
Fourteen days after a participant's qualified military service ends, if such service was more
than 30, but less than 181 days. (3) Ninety days after a participant's qualified military
service ends, if such service was more than 180 days. (4) If a participant is hospitalized
for or recovering from an illness or injury that was incurred or aggravated during
qualified military service, USERRA requires that such participant return to work or apply
for reemployment with the City of Anniston as soon as he or she has recovered. Except as otherwise
provided by USERRA, such recovery period cannot exceed two years. (c) Plan Contributions.
A participant returning from qualified military service who meets the requirements of subsections
(a) and (b) shall have the right to make up his or her participant contributions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.112.htm - 4K - Match Info - Similar pages
36-27-170
Section 36-27-170 Participation in plan. (a) As governed by this subsection, there exists as
a part of this retirement system, an optional account known as the Deferred Retirement Option
Plan, which may be cited as "DROP." The purpose of DROP is to allow, contractually,
in lieu of immediate withdrawal from service and receipt of a retirement allowance, continued
employment for a specific period of time, coupled with the deferral of receipt of a retirement
allowance until the end of such period of participation, at which time the member shall withdraw
from service. (b) Participation in DROP is an option available to any member of this retirement
system who meets all of the following: (1) Has at least 25 years of creditable service exclusive
of sick leave. (2) Is at least 55 years of age, or in the case of a state police member, is
at least 52 years of age. (3) Is eligible for service retirement. (c) An election to participate
in DROP may be made in one year increments not to exceed five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-170.htm - 5K - Match Info - Similar pages
27-19-103
would result in economies of acquisition or administration. 3. The benefits are reasonable
in relation to the premiums charged. (5) LONG-TERM CARE INSURANCE. Any insurance policy or
rider advertised, marketed, offered, or designed to provide coverage for not less than 12
consecutive months for each covered person on an expense incurred, indemnity, prepaid, or
other basis for one or more necessary or medically necessary diagnostic, preventive, therapeutic,
rehabilitative, maintenance, or personal care services, provided in a setting other
than an acute care unit of a hospital. This term includes group and individual annuities and
life insurance policies or riders that provide directly or that supplement long-term care
insurance. This term also includes a policy or rider that provides for payment of benefits
based upon cognitive impairment or the loss of functional capacity. The term shall also include
qualified long-term care insurance contracts. Long-term care insurance may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-19-103.htm - 9K - Match Info - Similar pages
36-21-189
Section 36-21-189 Retirement annuity. (a) Any member, at any time after reaching the age of
62 and completion of at least 25 years' qualified service, shall be entitled to an annuity
benefit. (b) The amount of the monthly benefit shall be determined by the board in an amount
recommended by the actuary for the fund. The benefit shall begin upon approval by the board
on the date of the member's application for the benefits on forms provided by the board, but
in no event shall the benefit begin prior to his or her termination of service as a firefighter.
The benefits shall be paid for the life of the member, except as otherwise provided in this
section. (c) Any application made pursuant to this section shall contain evidence satisfactory
to the board of the date of birth of the member. If any member receiving retirement benefits
reenters employment as a firefighter, the payment of retirement benefits shall be terminated
as long as he or she is so employed. Upon termination of his or her...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-21-189.htm - 2K - Match Info - Similar pages
16-22-13.3
Section 16-22-13.3 Fiscal year 2005-2006 adjustments. (a) Pay increases, FY 2005-06. The State
Budget Officer shall allocate to the State Board of Education, the Board of Trustees of the
Alabama Institute for Deaf and Blind, the Board of Youth Services School District, the Board
of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the Alabama
School of Mathematics and Science for disbursement to the employees thereof funds based on
the criteria established in this section. It is not the intent of this section to make appropriations,
but the appropriations required by this section shall be made in the annual budget act for
the public schools and colleges for the designated fiscal years. (1) CERTIFICATED PERSONNEL
(K-12). For the fiscal year beginning October 1, 2005, and each year thereafter, each certificated
employee at all city and county school systems and the teachers at the Department of Youth
Services School District shall receive a six percent salary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-22-13.3.htm - 10K - Match Info - Similar pages
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