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16-25-26
Section 16-25-26 Performance of duties by retired persons; service in elected public office.
(a) Any person who is retired under the Teachers' Retirement System may perform duties in
any capacity, including as an independent contractor, with any employer participating in the
Employees' Retirement System or the Teachers' Retirement System without suspension of his
or her retirement allowance provided that (1) the person is not employed in a permanent full-time
capacity and (2) the person's compensation from the employer in calendar year 2016 does not
exceed thirty thousand dollars ($30,000). Beginning in calendar year 2017, and each calendar
year thereafter, the annual earning limit shall be increased by the same percentage increase
as the increase in the Consumer Price Index for all urban consumers as published by the U.S.
Department of Labor, Bureau of Labor Statistics. Any increase in the annual earning limit
shall be rounded to the next lowest multiple of one thousand dollars...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-26.htm - 3K - Match Info - Similar pages
16-25-10.12
Section 16-25-10.12 Officers and employees of Alabama Higher Education Partnership, Inc.; contributions;
creditable service. (a) The governing body of the Alabama Higher Education Partnership, Inc.,
by resolution legally adopted to conform to the rules prescribed by the Board of Control of
the Teachers' Retirement System, may elect to have its officers and employees, from whatever
source and in whatever manner paid, become eligible to participate in the Teachers' Retirement
System subject to all rules, regulations, and conditions thereof. (b) The governing body of
the Alabama Higher Education Partnership, Inc., having made an election by resolution pursuant
to subsection (a), may have its employees and officers participate in, and be entitled to,
all benefits of the Teachers' Retirement System. Where contributions are made from salaries
paid by the Alabama Higher Education Partnership, Inc., the Alabama Higher Education Partnership,
Inc., shall pay the employer cost, calculated as a...
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36-27-8.2
Section 36-27-8.2 Performance of duties by retired persons; service in elected public office.
(a) Any person who is retired under the Employees' Retirement System may perform duties in
any capacity, including as an independent contractor, with any employer participating in the
Employees' Retirement System or the Teachers' Retirement System without suspension of his
or her retirement allowance provided that (1) the person is not employed in a permanent full-time
capacity and (2) the person's compensation from the employer in calendar year 2016 does not
exceed thirty thousand dollars ($30,000). Beginning in calendar year 2017, and each calendar
year thereafter, the annual earning limit shall be increased by the same percentage increase
as the increase in the Consumer Price Index for all urban consumers as published by the U.S.
Department of Labor, Bureau of Labor Statistics. Any increase in the annual earning limit
shall be rounded to the next lowest multiple of one thousand dollars...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-8.2.htm - 3K - Match Info - Similar pages
36-27-11
Section 36-27-11 Determination of prior creditable service; computation of creditable service
at retirement; procedure for restoration of creditable service to certain persons; payment
of makeup contributions by certain persons. (a) Under such rules and regulations as the Board
of Control shall adopt, each member who was an employee prior to October 1, 1945, and who
has made up contributions for time served as a nonmember and who becomes a member prior to
September 1, 1966, shall file a detailed statement of all service as an employee rendered
by him prior to October 1, 1945, for which he claims credit. (b) The Board of Control shall
fix and determine by appropriate rules and regulations how much service in any year is equivalent
to one year of service, but in no case shall it allow any credit for a period of absence without
pay of more than one month's duration, nor shall more than one year of service be creditable
for all service in one calendar year. (c) Subject to the restrictions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-11.htm - 8K - Match Info - Similar pages
36-27-2
Section 36-27-2 Creation; designation; purpose, powers, privileges, management, etc., thereof
generally; powers, duties, etc., of Board of Control; immunity of state officers, etc. (a)
A retirement system is hereby established as a body corporate and placed under the management
of the Board of Control for the purpose of providing retirement allowances and other benefits
under the provisions of this article for employees of the State of Alabama. The retirement
system so created shall be established as of October 1, 1945. It shall have the power and
privileges of a corporation and shall be known as the "Employees' Retirement System of
Alabama," and by such name all of its business shall be transacted, all of its funds
invested and all of its cash and securities and other property held in trust for the purpose
for which received. (b) Any provision of law to the contrary notwithstanding, the Boards of
Control of the Teachers' Retirement System of Alabama and the Employees' Retirement...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-150.htm - 3K - Match Info - Similar pages
16-25-11.12
Section 16-25-11.12 Purchase of service credit for time on maternity leave. (a) Any provision
of this chapter, to the contrary notwithstanding, active and contributing members of the Teachers'
Retirement System may purchase service credit in the system not to exceed one year for any
period of time while they were on maternity leave from service without pay. The Board of Control
of the Teachers' Retirement System shall adopt rules and regulations for the administration
of this section including verification of the service that the member desires to purchase
credit for in the system. The member shall receive credit for the service when he or she remits
to the system the contributions required by subsection (b). Notwithstanding the foregoing
language, no member of the Teachers' Retirement System shall be eligible to receive credit
for any period of time that the member is already credited with in the system or in any other
retirement plan, with the exception of the federal Social Security...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.12.htm - 1K - Match Info - Similar pages
16-25-31
Section 16-25-31 Effective date of benefits; additional costs of benefits; employer agreeing
to come under provisions. The benefits provided by Sections 16-25-14(a), 16-25-14(g), 36-27-16(a),
36-27-16(c) and 36-27B-3, as amended by amendment of May 5, 1988, shall become effective to
the Teachers' and Employees' Retirement System the first day of the month next following certification
by the systems' actuary, which shall be adopted by the Board of Control of the Teachers' and
Employees' Retirement System, that the system can absorb the additional costs of the benefits
herein provided for the upcoming fiscal year without increasing the employer contribution
as set forth in subdivisions (3) and (5) of Section 16-25-21 and subsections (d) and (f) of
Section 36-27-24, provided further in the case of an employer participating pursuant to Section
36-27-6, the provisions of said sections relating to the Employees' Retirement System as amended
by said amendment of May 5, 1988, with respect to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-31.htm - 1K - Match Info - Similar pages
36-27-16.3
Section 36-27-16.3 Effective date of benefits; additional costs of benefits; employers agreeing
to come under provisions. The benefits provided by Sections 16-25-14(a), 16-25-14(g), 36-27-16(a),
36-27-16(c) and 36-27B-3, as amended by amendment of May 5, 1988, shall become effective to
the Teachers' and Employees' Retirement System the first day of the month next following certification
by the systems' actuary, which shall be adopted by the Board of Control of the Teachers' and
Employees' Retirement System, that the system can absorb the additional costs of the benefits
herein provided for the upcoming fiscal year without increasing the employer contribution
as set forth in subdivision (3) and (5) of Section 16-25-21 and subsections (d) and (f) of
Section 36-27-24, provided further in the case of an employer participating pursuant to Section
36-27-6, the provisions of said sections relating to the Employees' Retirement System as amended
by said amendment of May 5, 1988, with respect to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-16.3.htm - 1K - Match Info - Similar pages
36-27-9
Section 36-27-9 Payment of member's and employer's contributions for county engineers by State
Department of Transportation. Membership payments of county engineers eligible for participation
as members of the Employees' Retirement System of Alabama under Section 36-27-4, to the extent
of the State Department of Transportation contribution to the county for the engineer's salary,
shall be made as follows: (1) The State Director of Transportation shall cause to be deducted
from the state's payment to the county for the engineer's salary the member's contribution
and employer's contribution at the rates provided by law and remit the contribution to the
Employees' Retirement System of Alabama in the same manner as for department employees. The
State Department of Transportation shall further contribute to the employing county an amount
equal to the employer's contribution for the county engineer retirement from the same funds
from which state's contribution for salary occurred, said...
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