16-25-17
Section 16-25-17 Increase in benefits - Cost-of- living increase for certain persons. (a) There is hereby created a cost-of-living increase, not to exceed 15 percent in any case, which shall be applied to the benefit of any retired teacher or any teacher who retires after October 1, 1975, whose retirement benefit, when calculated upon the 2.0125 percent factor, does not result in a benefit increase of 15 percent as compared to the benefit to which such retired member was entitled to receive prior to the implementation of the 2.0125 percent formula factor provided for in Section 16-25-14 and this section. (b) Any person described in subsection (a) of this section shall be entitled to receive an amount which, when added to the benefit he is entitled to receive after the implementation of the 2.0125 percent formula factor, shall be sufficient to equal an increase of 15 percent above the benefit which such person was entitled to receive prior to the implementation of the 2.0125 percent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-17.htm - 2K - Match Info - Similar pages
16-25-7
Section 16-25-7 Certain persons employed by Alabama High School Athletic Association. (a) All persons now employed on a full-time basis in an administrative or clerical capacity by the Alabama High School Athletic Association may become members of the Teachers' Retirement System of Alabama within 90 days after October 1, 1967, subject to such rules and regulations as may be promulgated by the Board of Control of the Teachers' Retirement System of Alabama. Any person hereafter employed in an administrative or clerical capacity by the Alabama High School Athletic Association shall be deemed to be a "teacher" as defined in Section 16-25-1 and shall be entitled to the benefits thereof. Notwithstanding the provisions of this section and other sections of the Teachers' Retirement System law, it is provided that the Alabama High School Athletic Association shall pay to the retirement system the employer cost for coverage of its employees, such cost to be determined by an actuary employed by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-7.htm - 1K - Match Info - Similar pages
16-25-8
Section 16-25-8 School lunchroom managers and assistants. (a) All school lunchroom managers and all assistants to such managers who are employed by any county or city board of education in the operation or management of a lunchroom in any public school in Alabama, regardless of the source from which and the manner in which their salaries are paid, may become members of the Teachers' Retirement System of Alabama; provided, that such persons elect within six months after October 1, 1969, to accept the benefits of this chapter. Such persons may signify their desire to become members of the Teachers' Retirement System by filing written notice with the Secretary-Treasurer of such system within said six months' period. Any person hereafter employed by a county or city board of education as a manager of or as an assistant to a manager of a lunchroom in a public school shall be deemed to be a teacher within the meaning of such word in the Teachers' Retirement System law and shall be entitled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-8.htm - 2K - Match Info - Similar pages
45-37A-51.198
Section 45-37A-51.198 Purchase of credit for prior unclassified service. (a) Any employee member having been a full-time employee in the unclassified service of the city, prior to January 1, 1989, as a common laborer for less than 10 years, shall have had the election options available under the terms of subsection (d) of Section 45-37A-51.162 and Section 45-37A-51.163 and shall have purchased time not later than May 15, 1989. In the case of reemployment of an unclassified employee, such employee with unclassified time prior to January 1, 1989, and having received a return of contributions at his or her termination of prior employment, may purchase this creditable service time as otherwise provided in Section 45-37A-51.195. The city shall pay an amount equal to the employee's total cost of purchase for prior credited service into the fund for the city's contribution for the period of service. (b) To receive credit in the system for such prior unclassified service, the employee member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.198.htm - 1K - Match Info - Similar pages
16-25-153
Section 16-25-153 Incentives for participation in plan. Notwithstanding the foregoing provisions of this article or any other laws to the contrary, no employer whose employees are covered under the Teachers' Retirement System shall offer any incentives of value including, but not limited to, monetary payments, prepayment of health insurance, or extraordinary payments for accrued leave, contingent on the member applying for or electing to participate in DROP. This provision shall not apply to regular payments for leave or contributions toward health insurance, but shall serve to prevent any extraordinary benefits or incentives offered during a limited time period solely for the purpose of enticing employees to elect to participate in DROP. (Act 2002-23, p. 31, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-153.htm - 1K - Match Info - Similar pages
16-25-9
Section 16-25-9 Certain school bus drivers, mechanics and maintenance workers - Generally. (a) All fully budgeted school bus drivers (excluding students), mechanics and maintenance workers not now covered by the Teachers' Retirement System of Alabama or Employees' Retirement System of Alabama, who are employed by any county or city board of education or the governing board of any public school in Alabama regardless of the source from which and the manner in which their salaries are paid, may become members of the Teachers' Retirement System of Alabama; provided, that such persons elect within six months after October 2, 1971, to accept the benefits of this chapter. Such persons may signify their desire to become members of the Teachers' Retirement System by enrolling through their employer and the Secretary-Treasurer of the Teachers' Retirement System within said six months' period. Any person hereafter employed in these positions shall be deemed to be a "teacher" within the meaning of...
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36-27-174
Section 36-27-174 Incentives for participation in plan. Notwithstanding the foregoing provisions of this article or any other laws to the contrary, no employer whose employees are covered under the Employees' Retirement System shall offer any incentives of value including, but not limited to, monetary payments, prepayment of health insurance, or extraordinary payments for accrued leave, contingent on the member applying for or electing to participate in DROP. This provision shall not apply to regular payments for leave or contributions toward health insurance, but shall serve to prevent any extraordinary benefits or incentives offered during a limited time period solely for the purpose of enticing employees to elect to participate in DROP. (Act 2002-23, p. 31, §4.)...
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45-37A-51.12
Section 45-37A-51.12 Refund of contributions for certain participants. It is hereby provided that the provisions of those sections of Act 929 as amended by Act 1272, 1973 Regular Session (Acts 1973, p. 2141), hereinafter in this section specified shall apply (except as hereinafter provided) to the supplemental pension system in the same manner in which the same provisions of the sections hereinafter specified apply to the general retirement and relief system established by Act 929. The sections of Act 929 (including any amendments thereof heretofore made) which shall apply to this supplemental pension system are the following sections of Act 929: Article VI, Section 16 (entitled Termination of Employment Ineligibility - Return of Contributions); Section 17 (entitled Payment of Return of Contributions); Section 18 (entitled Designation of Severance Beneficiary); Article V, Section 6 (entitled Refund of Erroneous Contributions); Article VII, Section 1 (entitled Liabilities of Employee...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.12.htm - 5K - Match Info - Similar pages
45-37A-51.236
Section 45-37A-51.236 Designation of severance beneficiary. (a) The custodian shall keep a book or record in which any employee member may designate the name of a person to receive return of contributions made by him or her in the event of his or her death prior to commencement of accrual of a retirement allowance in his or her favor. Any such designation may be changed from time to time by an employee member. Each such designation shall be signed and dated by the employee member, and the last signed and dated designation shall prevail over any former designation. The rights of the last designated severance beneficiary shall be governed by Section 45-37A-51.235. (b) If a firefighter or police officer has executed an instrument providing for the board of managers of the supplemental pension system established by Subpart 1 to receive return of contributions made by him or her in the event of his or her death, then the right of the board of managers to receive the return of the...
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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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