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36-27-16
average final compensation multiplied by the number of years of his or her creditable service.
Creditable service for any state policeman under the age of 56 years who has completed 20
years of creditable service as a state policeman shall include a bonus equal to four additional
years. Creditable service for a state policeman 56 years or older shall include a bonus equal
to the years or portion thereof remaining until the member reaches age 60; or 2. If he or
she became a member before October 1, 1965, $86.40 multiplied by the
number of years of his or her creditable service not in excess of 25 years; provided, however,
that if such member has completed 20 years of creditable service as a state policeman and
has not attained age 60 at the time of retirement, the pension shall be determined as provided
in this subparagraph on the basis of the number of years of creditable service which he or
she would have had if he or she had remained in service for four years, except that, in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-16.htm - 34K - Match Info - Similar pages
36-27-24
such contributions shall be fixed for each fiscal year on the basis of the liabilities of the
retirement system as shown by the last annual actuarial valuation, and such percentage rate
as established by such valuation shall take effect the following October 1 and continue
in effect for the fiscal year. On the basis of regular interest and of such mortality and
other tables as shall be adopted by the Board of Control, the actuary engaged by the board
to make such valuation required by this article during the period over which the accrued
liability contribution is payable shall, immediately after making such valuation, determine
the uniform and constant percentage of the earnable compensation of the average new entrant
which, if contributed on the basis of his or her compensation throughout his or her entire
period of active service, would be sufficient to provide for the payment of any pension payable
on his or her account. The percentage rate so determined shall be known as the...
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45-8A-22.118
participant, or, in the case of a qualified pre-retirement survivor annuity, the life of the
surviving spouse, or 2. an annuity that decreases during the life of the participant merely
because of (i) the death of the survivor annuitant, but only if the reduction is not below
50 percent of the benefit payable before the death of the survivor annuitant, or (ii) the
cessation or reduction of Social Security supplements or qualified disability payments, as
defined in Internal Revenue Code Section 401(a)(11). 1.
Limitation Years Beginning Before July 1, 2007. For limitation years beginning before
July 1, 2007, the actuarially equivalent straight life annuity is equal to the annual
amount of the straight life annuity commencing at the same annuity starting date that has
the same actuarial present value as the participant's form of benefit computed using whichever
of the following produces the greater annual amount: (i) The applicable interest rate and
applicable mortality table, or other...
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16-25-14
§1; Acts 1953, No. 41, p. 44, §3; Acts 1955, 1st Ex. Sess.,
No. 61, p. 90, §1; Acts 1955, No. 489, p. 1101,
§1; Acts 1959, 2nd Ex. Sess., No. 117, p. 358, §2; Acts 1961,
Ex. Sess., No. 214, p. 2214, §1; Acts 1963, 1st Ex. Sess.,
No. 43, p. 126, §4; Acts 1965, 1st Ex. Sess., No. 102, p. 118,
§1; Acts 1966, Ex. Sess., No. 274, p. 413, §1; Acts 1967,
No. 511, p. 1226, §1; Acts 1969, Ex. Sess., No. 26, p.
62, §1; Acts 1971, 2nd Ex. Sess., No. 4, p. 4127, §1;
Acts 1973, No. 808, p. 1225, §1; Acts 1975, No. 1104,
p. 2179, §1; Acts 1975, No. 1106, p. 2185, §1;
Acts 1983, 2nd Ex. Sess., No. 83-160, p. 329, §1; Acts 1985,
No. 85-208, p. 78, §1; Acts 1987, No. 87-253, §1; Acts 1988,
No. 88-548, p. 849, §§1, 3; Acts 1989, No. 89-525, p. 1074, §1;
Acts 1989, No. 89-640, p. 1252, §1; Acts 1993, No. 93-619,
p. 1023, §3; Acts 1995, No. 95-216, p. 353, §1; Act 98-385,
p. 732, §4; Act 2000-454, p. 818, §1; Act 2012-377, p. 944, §§1,
2; Act 2019-221, §1; Act 2019-316, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-14.htm - 23K - Match Info - Similar pages
12-18-111
requirements; adjusted benefits; formulas; district or probate judges excepted; spouses benefits.
(a) Any member of the Judicial Retirement Fund of Alabama whose creditable service and contributions
have been certified and transferred to the Judicial Retirement Fund, shall be entitled to
retire under the said fund on service or disability, upon attaining sufficient years of age
and creditable service, including credit for service transferred to the fund under the provisions
of this article, to qualify for said retirement, in accordance with the service and
age requirements contained in this chapter for the judicial position in which such
member is serving at the time of retirement, subject to the adjustments in benefits and allowances
provided for in this section. The surviving spouse of a member of the Judicial Retirement
Fund shall be entitled to count or employ creditable service certified and transferred under
this article to the fund on or before the date of death of the...
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12-18-112
Section 12-18-112 Transfer of contributions and creditable service
- District judge's adjusted benefit formulas; spouse's benefits. In the event a member of
the Judicial Retirement Fund, who is a district judge, or a surviving spouse thereof, must
employ and count creditable service transferred under this article to qualify for retirement
and/or benefits under the fund, the benefits or allowances payable to such member or spouse
shall be calculated as follows, and shall be in lieu of any and all other rights, benefits
and allowances, except social security payments: (1) The annual service allowance payable
to a retiring district judge shall be an annual amount equal to the sum of: a. The amount
which results when 90 percent of the retirement benefits payable by the state to circuit judges
on the date such district judge retires (as is provided under Section 12-18-58)
is multiplied by the ratio created when the member's number of years of creditable service,
excluding transferred...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-112.htm - 4K - Match Info - Similar pages
36-27-170
DROP and does not withdraw from service and any member who begins participation in DROP on
or before April 1, 2011, and fulfills his or her obligation under DROP
and does not withdraw from service, the amount of interest payable on benefit deposits after
March 24, 2011, shall be the lesser of (1) the investment performance
of the immediately preceding fiscal year but no less than $0, or (2) as provided in subdivision
(1) of subsection (d) of Section 36-27-171. (i) DROP shall not be subject
to any fees, charges, or other similar expenses of any kind for any purpose. (j) Participation
in DROP shall not affect the rights of any state employee under the state personnel system,
including, but not limited to, his or her rights to longevity pay. (k) Participation in DROP
shall not affect the accrual of annual and sick leave by the participant. (l) Participants
in DROP may receive salary cost-of-living adjustments and salary increases. (Act 2002-23,
p. 31, §2; Act 2011-27, p. 118, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-170.htm - 5K - Match Info - Similar pages
36-27-51
Section 36-27-51 Credit to officer or employee for prior service with another eligible
employer. (a)(1) Any person who, as of October 1, 1996, is an officer
or a regular employee of an employer eligible to participate in the Employees' Retirement
System under Section 36-27-6, and is covered or eligible to be covered under the state Employees'
Retirement System and who has previously been employed by another employer eligible for participation
under Section 36-27-6, shall be eligible to receive up to 10 years of creditable service
for employment rendered to another employer eligible for participation in the Employees' Retirement
System under Section 36-27-6 provided, that the member claiming the credit shall have attained
not less than five years of contributing membership service credit, exclusive of military
service credit under the Employees' Retirement System, the member shall not have received
credit for the prior service under any public retirement or pension plan except the...
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36-27-17
Section 36-27-17 Redetermination of allowances due on or after October 1, 1975.
(a) All retirement allowance payments due on or after October 1, 1975, to members
who retired prior to said date shall be redetermined as if the provisions of Acts 1975,
No. 1103, amending Section 36-27-1, were in effect at the time the member
retired; provided, that the annual retirement allowance of any member not employed as a state
policeman who retired on or before January 1, 1956, shall not be less than $79.20
multiplied by the number of years of his creditable service not in excess of 30 years, in
the case of service retirement, or $59.40 multiplied by the number of years of his
creditable service not in excess of 30 years, in the case of disability retirement. Any increase
provided in the retirement allowance payment under this section for a member who retired under
the provisions of any optional benefit elected pursuant to subsection (d) of Section 36-27-16
shall accrue only to the retired member,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-17.htm - 2K - Match Info - Similar pages
36-27-59
Section 36-27-59 Award of hazardous duty time; purchase of credit under Employees' or Teachers'
Retirement System. (a) When used in this section, the following terms shall have the following
meanings, unless the context clearly indicates otherwise: (1) CORRECTIONAL OFFICER.
A full-time correctional officer who is certified as a correctional officer by the Alabama
Peace Officers' Standards and Training Commission. (2) FIREFIGHTER. A full-time firefighter
employed with the State of Alabama, a municipal fire department, or a fire district who has
a level one minimum standard certification by the Firefighters Personnel Standards and Education
Commission, or a firefighter employed by the Alabama Forestry Commission who has been certified
by the State Forester as having met the wild land firefighter training standard of the National
Wildfire Coordinating Group. (3) LAW ENFORCEMENT OFFICER. A full-time law enforcement officer,
not covered as a state policeman, employed with any state agency,...
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