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36-27-21.5
Section 36-27-21.5 Cost-of-living increase for persons who retired before October 1,
1984; retirees under Judicial Retirement Fund ineligible; funding of increase; eligibility
of persons retired from unit participating under Section 36-27-6; persons whose Medicaid
benefits would be impaired are ineligible; construction with other laws. (a) There is hereby
provided contingent upon the funding provisions of subsection (c) of this section,
commencing October 1, 1985, to each person whose effective date of retirement for purposes
of receiving benefits from the Employees' Retirement System was prior to October 1, 1984,
a cost-of-living increase of $2.00 per month for each year of creditable service attained
by said member; provided, however, that any person retired under the provisions of Section
36-27-7, or 36-27-7.1, shall receive an increase of $1.00 per month for each year of creditable
service attained by said member. (b) Any person retired under the Judicial Retirement Fund
of Alabama...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.5.htm - 6K - Match Info - Similar pages
36-27-21.3
Section 36-27-21.3 Cost-of-living increases; funding. (a) There is hereby provided,
commencing October 1, 1982, to any person retired prior to October 1, 1981, under the Teachers'
Retirement System or Employees' Retirement System of Alabama and who is receiving a retirement
allowance therefrom, a cost-of-living increase of $1.00 per month for each year of creditable
service attained by said member; provided any person retired under the provisions of Section
36-27-7, or 36-27-7.1 shall receive an increase of $.50 per month for each year of creditable
service attained by said member. In addition to the foregoing amount an additional $1.00 per
month increase may be granted upon the occurrence of certain conditions set forth in subsection
(e) of this section; provided any person retired under the provisions of Section
36-27-7, or 36-27-7.1 may receive an additional $.50 per month increase upon the occurrence
of certain conditions pursuant to subsection (e) of this section. Effective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.3.htm - 9K - Match Info - Similar pages
36-27-21.2
Section 36-27-21.2 Increase in maximum retirement allowance of certain state, etc.,
employees - 1980 cost-of-living increase. (a) There is hereby provided, commencing October
1, 1980, to any person retired prior to October 1, 1979, under the Teachers' Retirement System
or Employees' Retirement System of Alabama and who is receiving a retirement allowance therefrom,
a cost-of-living increase in his maximum retirement allowance as follows: (1) If such person
retired prior to October 1, 1963, a 15 percent increase in his maximum retirement allowance;
provided, that he shall receive an increase of not less than $30.00, nor more than $60.00
per month; and provided further that, if such person retired under the provisions of Section
36-27-7 and/or Section 36-27-7.1, he shall receive an increase of not less than $15.00,
nor more than $40.00, per month. (2) If such person retired on or after October 1, 1963, but
prior to October 1, 1973, a 10 percent increase in his maximum retirement...
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36-27-21.1
Section 36-27-21.1 Increase in maximum retirement allowance of certain state, etc.,
employees - 1978 cost-of-living increase and cost-of-living increases thereafter. (a) Except
as hereinafter provided, each person having retired under the provision of statutes governing
the Teachers' Retirement System or the Employees' Retirement System of Alabama prior to October
1, 1977, shall be entitled to receive, in addition to present benefits, a supplemental benefit
in an amount based upon his present benefits, according to the following schedule: Present
Benefits Supplemental Benefit ($ per month) ($ per month) Less than 200.00 60.00 200.00 -
299.00 40.00 300.00 - or over 30.00 (b) There is hereby appropriated from the Education Trust
Fund to the Teachers' Retirement System of Alabama the sum of $6,424,920.00 (estimated), or
as much as is necessary to carry out the provisions of this section as they relate
to the Teachers' Retirement System of Alabama, for the fiscal year beginning October 1,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.1.htm - 5K - Match Info - Similar pages
45-8A-22.118
Section 45-8A-22.118 Maximum benefits; limitations; adjustments. (a) Annual Benefit
and Final Regulations Under Internal Revenue Code Section 415. (1) Annual Benefit.
For purposes of this section, "annual benefit" means the benefit payable
annually under the terms of the plan, exclusive of any benefit not required to be considered
for purposes of applying the limitations of Internal Revenue Code Section 415 to the
plan, in the form of a straight life annuity with no ancillary benefits. If the benefit is
payable in any other form, the annual benefit shall be adjusted to the equivalent of a straight
life annuity pursuant to subsection (c). (2) Final Regulations Under Internal Revenue Code
Section 415. Notwithstanding anything in this section to the contrary, the following
provisions apply beginning on or after January 1, 1976, except as otherwise provided in this
section. a. Incorporation by Reference. The limitations, adjustments, and other requirements
prescribed in the plan shall...
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45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms
shall have the following meanings: (1) ACT. The act adding this part, to be called the General
Retirement System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual
who currently is employed by the county or other entities set forth in subdivision (20) and
is making employee contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30,
1984, or such other dates as set forth in Exhibit A, which is maintained in the office of
the pension board, a form of benefit differing in time, period, or manner of payment from
a specific benefit provided under the plan but having the same value when computed using the
mortality tables, the interest rate, and any other assumptions last adopted by the pension
board, which assumptions shall clearly preclude any discretion in the determination of the
amount of a member's benefit. (4) ACTUARIAL GAIN. As defined in Section...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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16-25-21
Section 16-25-21 Method of financing. Effective October 1, 1997, all the assets of the
retirement system shall be credited according to the purpose for which they are held among
three funds, namely: The Annuity Savings Fund, the Pension Accumulation Fund, and the Expense
Fund. The operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall
be discontinued as of such date, the balance of the former Pension Reserve Fund shall be transferred
to the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall
be transferred to the Pension Accumulation Fund. (1) The Annuity Savings Fund shall be a fund
in which shall be accumulated contributions from the compensation of members to provide for
their annuities. Contributions to and payments from the Annuity Savings Fund shall be made
as follows: a. Each employer shall cause to be deducted from the salary of each member on
each and every payroll of such employer for each and every payroll period five...
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16-25-112
Section 16-25-112 Funding for benefits. The cost-of-living increase granted to certain
retired persons under the Teachers' Retirement System by this article may be financed, if
possible, from existing funds of the Teachers' Retirement System subject to the following
provisions and conditions: (1) If the actuary for the Teachers' Retirement System finds that
the cost-of-living increase can be paid for the 1996-97 fiscal year without appropriation
of additional funds to the system without having an adverse actuarial impact on the system,
beginning October 1, 1996, the Board of Control of the system may provide the cost-of-living
increase authorized by this section. It is the intent of this section as pertains
to funding similar increases in the future, that the funding thereof shall be in accordance
with the requirements of Section 16-25-21. If the actuarial certification of the cost
involved in funding the cost-of-living increase provided by this article, as required by Section...
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12-18-92
Section 12-18-92 1984 cost of living increase. (a) There is hereby provided, commencing
October 1, 1984, to any probate judge retired prior to October 1, 1983, under the Judicial
Retirement Fund of Alabama and who is receiving a retirement allowance therefrom, a cost-of-living
increase in his maximum retirement allowance as follows: (1) If such person retired prior
to October 1, 1979, a 15 percent increase in his maximum retirement allowance. (2) If such
person retired on or after October 1, 1979, but prior to October 1, 1981, a 10 percent increase
in his maximum retirement allowance. (3) If such person retired on or after October 1, 1981,
but prior to October 1, 1983, a five percent increase in his maximum retirement allowance.
(b) Any person retired under the Judicial Retirement Fund of Alabama who assumed office for
the first time on or after July 30, 1979, for purposes of this section, shall not be
entitled to receive the cost-of-living increase provided. (c) The board of control...
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