|
36-27B-2
Section 36-27B-2 Fund established; moneys paid in, out, etc.; transfer of funds. A separate
fund to be known as the Preretirement Death Benefit Fund is hereby established within the
Employees' Retirement System of Alabama and the Teachers' Retirement System of Alabama to
be held in trust by the respective Boards of Control. Such fund shall consist of all moneys
paid by the employers for preretirement death benefit purposes, and of the investment earnings
upon such moneys, and shall be used only to pay the preretirement death benefits prescribed
by Section 36-27B-3. Concurrent with the determination of the initial liability of
this program for the fiscal year on and after the effective date of the program, there shall
be transferred from the pension accumulation fund of each system to the fund created by this
section such amounts, as shall be determined by the actuary, necessary to pay anticipated
death benefit claims. Subsequent transfers shall be made if necessary to pay the benefits...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27B-2.htm - 1K - Match Info - Similar pages
16-25-11.14
Section 16-25-11.14 Purchase of credit for service rendered to authorized employer.
(a) Active and contributing members of the Teachers' Retirement System (TRS) or the Employees'
Retirement System (ERS) may claim and purchase service credit in the system not to exceed
eight years for any period of prior service while they were full-time employees of an employer
who is authorized to join the TRS pursuant to Section 16-25-10.7, but has not elected
to participate. The certification of any prior service claimed by the members under this section
shall conform to applicable administrative rules and procedures of the TRS or ERS. Members
shall receive credit for the prior service when they remit to the system the contributions
required by subsection (b). Notwithstanding the foregoing, no member of the system shall receive
credit for any service that the member is already credited with in the system or any other
public retirement plan, with the exception of the federal Social Security program....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.14.htm - 1K - Match Info - Similar pages
16-25-11.4
Section 16-25-11.4 Purchase of credit for prior service rendered as full-time employee
in office of clerk of circuit court or with Alabama State Employees Association. (a) Any acting
and contributing member of the Teachers' Retirement System of Alabama may elect to purchase
credit for prior service rendered as a full-time employee in the office of a clerk of the
circuit court in the State of Alabama or as a full-time employee with the Alabama State Employees
Association provided the member complies with the following conditions prescribed in this
section. (b) Any employee electing to purchase credit under subsection (a) of this
section shall pay to the Secretary-Treasurer of the Teachers' Retirement System within
one year after October 1, 1995, a lump sum payment equal to a percentage of the current annual
salary or final average compensation, whichever is greater, of the member. The applicable
percentage shall be the sum of the prevailing percentage rates of employer and member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.4.htm - 2K - Match Info - Similar pages
16-25-3
Section 16-25-3 Membership; membership credit for service in armed forces of United
States; deferred benefits. (a) The membership of the retirement system shall consist of the
following: All persons who shall become teachers after the date of establishment shall become
members of the retirement system as a condition of their employment. Any person who is a teacher
on the date of establishment shall become a member as of that date unless within a period
of 90 days next following such teacher shall file with the Board of Control on a form prescribed
by the board a notice of his 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 on account of his participation in the retirement system. (b) A teacher in service
on October 1, 1973, whose membership in the retirement system was contingent on his own election
and who elected not to become a member may thereafter apply for and be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-3.htm - 7K - Match Info - Similar pages
36-27-48
Section 36-27-48 Purchase of prior service credits by certain active members; termination
date. (a) Whenever used in this section, all words and phrases defined in Section
36-27-1 shall have the same meanings ascribed to them in such section, unless the context
clearly indicates that a different meaning is intended. (b) Any active and contributing member
of the Employees' Retirement System of Alabama or the Teachers' Retirement System of Alabama,
who is an active member of either system, and who has rendered eligible service to any employer
covered under either system, may hereby claim and purchase credit for any such prior service
as an employee of any such employer. Any active and contributing member of the Employees'
Retirement System of Alabama or the Teachers' Retirement System of Alabama, who is an active
member of either system, may claim and purchase up to four years' credit for United States
military service. (c) Any member eligible to claim and purchase credit for service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-48.htm - 2K - Match Info - Similar pages
36-27-57.2
Section 36-27-57.2 Purchase of credit for prior service rendered in office of local
district attorney or as court reporter, or both. (a) An active and contributing member of
the Employees' Retirement System who has been a member of the system for at least 10 years,
may claim and purchase credit not to exceed six years in the retirement system for prior service
rendered while employed in a program in the office of a local district attorney which was
a nonparticipant in the retirement system during the period of the prior service or for prior
service rendered as an official court reporter when court reporters were not allowed to participate
in the retirement system, or for both. The prior service credit may be purchased if the member
has not received credit for the prior service claimed in any public pension system or as a
supernumerary and the member complies with the provisions set forth in subsection (b). (b)
Each person eligible to claim and purchase credit for any prior service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-57.2.htm - 1K - Match Info - Similar pages
36-27-6.4
Section 36-27-6.4 Purchase of credit for prior service with the Oxford Emergency Medical
Services, Inc. (a) Any active and contributing member of the Oxford Emergency Medical Services,
Inc., that participates in the Employees' Retirement System under Section 36-27-6,
may purchase prior non-qualified service for employment rendered to Oxford Emergency Medical
Services before July 14, 2009, as permitted by the IRC Section 415(n)(3)(B). Currently,
under federal law the employee must have five or more years of creditable service in the Employees'
Retirement System prior to purchasing up to five years' non-qualified service. (b) No member
shall receive credit for any service that the member is already credited with in the system
or any other public retirement plan, with the exception of the federal Social Security program.
(c) Any member who is eligible to purchase service credit shall furnish to the Secretary-Treasurer
of the Employees' Retirement System the full actuarially determined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.4.htm - 1K - Match Info - Similar pages
12-18-8.2
Section 12-18-8.2 Eligibility for retirement of circuit judges; credit for former service
in executive department of state; credit for service as full-time assistant district attorney,
deputy district attorney or assistant attorney general. (a) Any circuit judge who is an active
and contributing member of the Judicial Retirement Fund of Alabama and has been such a member
since February 1, 1977, and who has had full-time service as an administrative assistant and/or
an executive assistant in the executive department of the state, or who had former service
as a full-time assistant district attorney, a deputy district attorney or an assistant attorney
general regardless of whether or not such time of service was continuous, may hereby claim
and purchase credit in the judicial retirement fund for up to three years of such time of
service. (b) Any circuit judge eligible to claim and purchase credit for such service under
subsection (a) shall be awarded such credit provided that such judge...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-8.2.htm - 2K - Match Info - Similar pages
29-4-6
Section 29-4-6 Rights of retired employees. (a) It is lawful and permissible for any
public employee who has retired under the Employees' Retirement System or the Judicial Retirement
Fund to be employed with the House of Representatives, the Senate, the Department of the Examiners
of Public Accounts, the Legislative Fiscal Office, or the Legislative Reference Service if
the person so employed is physically and mentally capable of performing the required work
in the opinion of the employing authority, is not employed in a permanent full-time capacity,
does not replace a full-time employee, and does not receive compensation and expenses, other
than reimbursement of normally reimbursable employee expenses, in excess of the base allowed
under federal Social Security for a person age 67, as set from year to year, for any legislative
session in a calendar year. (b) A retiree employed under this section shall continue
to receive all retirement benefits which the retiree would normally receive...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-4-6.htm - 2K - Match Info - Similar pages
36-27-16.2
Section 36-27-16.2 Nomination of recipient of surviving spouse benefits prior to date
of retirement. (a) Any provision to the contrary, notwithstanding, any member of the Teachers'
Retirement System of Alabama or the Employees' Retirement System of Alabama who shall have
attained the service requirements for surviving spouse benefits may nominate such person as
he may desire to receive any benefits payable on account of said member's death prior to his
date of retirement. Such nomination shall be made in writing, duly executed and filed with
the respective Board of Control pursuant to such rules and regulations as said board shall
deem necessary to carry out the provisions of this section. (b) This section
is cumulative and shall not be construed to supersede or repeal any provision of law not in
direct conflict therewith. (Acts 1984, 2nd Ex. Sess., No. 85-44, p. 68, ยง 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-16.2.htm - 1K - Match Info - Similar pages
|