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36-27-150
Section 36-27-150 Amount of increase - Persons other than those whose employers participated
in Employees' Retirement System. (a) Commencing October 1, 2000, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 2000, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of four percent in their gross monthly benefit, but not less than
twenty-five dollars ($25) per month. (b) Beneficiaries of deceased members or deceased retirees,
except where the deceased member or deceased retiree retired from an employer participating
in the Employees' Retirement System pursuant to Sections 36-27-6, 36-27-7, and 36-27-7.1,
if the date of death for the deceased member, or the effective date of...
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36-27-200
Section 36-27-200 Amount of increase - Persons other than those whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 2006, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
36-27-7, and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits
from the Employees' Retirement System is prior to October 1, 2005, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
the cost-of-living increase of two percent in his or her gross monthly benefit which the Legislature
committed to in Section 14 of Act 2005-316, plus an additional five percent increase in their
gross monthly benefit. The increase shall not be less than twenty-five dollars ($25) per month.
(b) Beneficiaries of deceased members or deceased retirees, except where the deceased member
or deceased retiree retired from an employer participating...
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45-37-171.20
Section 45-37-171.20 Cost-of-living increases for certain retirees. (a)(1) Effective retroactively
to October 1, 2000, each retiree of the Jefferson County Department of Health receiving monthly
benefits from the City of Birmingham Retirement and Relief System, whose effective date of
retirement was after the department elected to become a member in the Employees' Retirement
System and prior to October 1, 2000, shall receive a cost-of-living increase of four percent
in his or her gross monthly benefit, but not less than twenty-five dollars ($25) per month.
(2) Beneficiaries of deceased retirees referenced in subdivision (1) shall receive the cost-of-living
increase in the amount attained by the retiree. The increase shall not be less than twenty-five
dollars ($25) per month. (b) When future cost-of-living increases are provided to the Jefferson
County Department of Health retirees and their beneficiaries who are receiving monthly benefits
from the Employees' Retirement System, the same...
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11-40-18.1
Section 11-40-18.1 Minimum benefits under certain policemen's and firemen's pension and relief
plans. Notwithstanding any other laws, in Class 1 municipalities, any benefit payable on a
monthly basis to a participant or retiree under the Policemen's Pension and Relief Fund provided
by Act No. 502 of the 1923 Session of the Legislature, as amended, the Firemen's Pension and
Relief Fund provided by Act No. 307 of the 1943 Session of the Legislature, as amended, the
Separate Policemen's Retirement and Relief System provided by Act No. 470 of the 1955 Regular
Session of the Legislature, as amended, or the Separate Firemen's Pension and Relief System
provided by Act No. 217 of the 1966 Special Session of the Legislature, as amended, shall
be in an amount not less than five hundred fifty dollars ($550) per month, and any survivor's
or spouse's benefit payable therefrom on a monthly basis shall be in an amount not less than
three hundred twenty dollars ($320) per month. (Acts 1994, No....
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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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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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36-26-14
Section 36-26-14 Deferred compensation plans for certain employees. (a) The personnel board
may adopt, establish, and maintain a deferred compensation plan or plans, except under Internal
Revenue Code Section 403 (b), for the employees of the State of Alabama or any city, town,
county, or public entity or corporation organized pursuant to the laws of this state. Notwithstanding
the foregoing, prior to the employees of a county or political subdivision of the county participating
in a plan, the employing county or political subdivision of the county shall approve participation
in the plan. The personnel board may include in any such plan any provision that does not
cause the plan to fail to qualify for its tax-favored treatment under the United States Internal
Revenue Code, including, but not limited to, participant loans, unforeseeable emergency or
hardship distributions, Roth deferrals, rollovers, transfers to purchase service credit, and
distributions to purchase a retired public...
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45-49A-60
Section 45-49A-60 Retirement benefits. (a) This section shall apply to any municipality in
the State of Alabama having a population, according to the latest federal census, between
175,000 and 225,000 persons. (b) Any elected official of any such municipality who previously
has served, or who is presently serving, or who in the future may serve as such elected official,
and serves for a period of not less than 12 years, shall be paid a retirement benefit equal
to 30 percent of the average compensation he or she received as a salary during the five highest
paid years which he or she served as such elected official, which benefit shall be payable
monthly. (c) Any elected official of any such municipality who previously has served, or who
is presently serving, or who in the future may serve as such elected official, and serves
for a period of not less than 16 years, shall be paid a retirement benefit equal to 40 percent
of the average compensation he or she received as a salary during the...
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27-15-52
Section 27-15-52 Definitions. The following terms shall have the following meanings: (1) COMMERCIALLY
REASONABLE EFFORT. The plans, processes, or procedures necessary to confirm the death of the
insured, contract owner or annuitant, or retained asset account holder against other available
records and information and, as applicable, to locate the beneficiary or beneficiaries or
other person entitled to payment pursuant to the terms of the policy or contract which have
been developed by each insurer and submitted to and approved by the department. (2) CONTRACT.
An annuity contract. The term contract shall not include an annuity used to fund an employment-based
retirement plan or program where the insurer is not committed by terms of the annuity contract
to pay death benefits to the beneficiaries of specific plan participants. (3) DEATH MASTER
FILE. The United States Social Security Administration's Death Master File or any other database
or service that is at least as comprehensive as...
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45-37A-51.09
Section 45-37A-51.09 Compensation limits; forfeitures; required minimum. (a) Compensation in
excess of one hundred sixty thousand dollars ($160,000), or such other amount provided in
the Internal Revenue Code of 1986, as amended, shall be disregarded. Such amount shall be
adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B), except
that the dollar increase in effect on January 1 of any calendar year shall be effective for
the fiscal years beginning with or within such calendar year. If compensation for any prior
determination period is taken into account in determining a participant member's benefits
for the current fiscal year, the compensation for such prior determination period is subject
to the applicable annual compensation limit in effect for that prior period. (b) Notwithstanding
the foregoing and to the extent applicable to governmental plans as such are defined in Section
414(d) of the Internal Revenue Code of 1986, as amended, in no event may...
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