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36-27-57.3
Section 36-27-57.3 Reopening of Employees' Retirement System to allow purchase of credit for
prior service in office of local district attorney. (a) An active and contributing member
of the Employees' Retirement System may claim and purchase credit not to exceed two years
in the retirement system for prior service rendered in the office of a local district attorney
which was a nonparticipant in the Employees' Retirement System during the period of the prior
service. The prior service credit may be purchased if the member has not received credit for
the prior service claimed in any public pension system or as a supernumerary and the member
complies with the provisions set forth in subsection (b). (b) Each person eligible to claim
and purchase credit for any prior service under subsection (a) shall be awarded creditable
service under the Employees' Retirement System provided he or she shall pay into the retirement
system, prior to October 1, 1996, a lump sum equal to a percentage of his...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-57.3.htm - 1K - Match Info - Similar pages
36-27-7.2
Section 36-27-7.2 Reopening of Employees' Retirement System for purchase of prior service credit
by active and contributing member of Cooperative Extension Service of Auburn University. (a)
Pursuant to Section 36-27-7.1, an active and contributing member of the Employees' Retirement
System may elect to purchase prior service credit for full time employment he or she had in
the Cooperative Extension Service at Auburn University, acquired before May 1, 1976, provided
the person complies with the following conditions prescribed in this section. (b) A member
eligible to claim and purchase the credit for service under subsection (a) shall be awarded
creditable service under the Employees' Retirement System. The member shall pay into his or
her retirement system or fund, prior to the date of retirement of the member and prior to
October 1, 1997, a sum equal to a percentage of his or her current annual earnable compensation,
or average final compensation, whichever shall be greater, for each...
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16-25-11.4
Section 16-25-11.4 Purchase of credit for prior service rendered as full-time employee in office
of clerk of circuit court or with Alabama State Employees Association. (a) Any acting and
contributing member of the Teachers' Retirement System of Alabama may elect to purchase credit
for prior service rendered as a full-time employee in the office of a clerk of the circuit
court in the State of Alabama or as a full-time employee with the Alabama State Employees
Association provided the member complies with the following conditions prescribed in this
section. (b) Any employee electing to purchase credit under subsection (a) of this section
shall pay to the Secretary-Treasurer of the Teachers' Retirement System within one year after
October 1, 1995, a lump sum payment equal to a percentage of the current annual salary or
final average compensation, whichever is greater, of the member. The applicable percentage
shall be the sum of the prevailing percentage rates of employer and member...
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19-3B-1304
Section 19-3B-1304 Trusts for employees or self-employed persons. (a) A trust of real or personal
property or real and personal property combined: (1) which is created by an employer as part
of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan,
for the exclusive benefit of some or all his or her employees, to which contributions are
made by such employer or employees, or both, for the purpose of distribution to such employees
the earnings of the principal, or both earnings and principal of the fund so held in trust;
or (2) which is created by a self-employed person or group of self-employed persons and: a.
which is part of a retirement, disability, or death benefit plan for such self-employed person
or persons; and b. contributions to which are deductible, in whole or in part, from gross
income for federal income tax purposes under the internal revenue laws of the United States;
or (3) which is created for the collective investment of the funds...
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25-5-255
Section 25-5-255 Insolvency fund. Upon receipt of the funds assessed on members, the association
may set aside funds for the administration of its affairs, and the balance of the funds shall
be deposited to an insolvency fund under the following terms: (1) The fund is created for
the purpose of assuring payment of workers' compensation claims against members of the association
who become insolvent; but only those claims which accrue while the insolvent employer is a
member of the association and accrue prior to the determination of insolvency or within 30
days thereafter. The obligation of the fund shall be limited to the obligation of the insolvent
employer under the Workers' Compensation Act, in an amount not to exceed 150 percent of the
amount of security as determined by the department as of the last annual financial review.
The fund shall have all defenses of and shall be subrogated to all rights of the insolvent
employer. The fund shall not be liable for any penalties or interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-255.htm - 2K - Match Info - Similar pages
36-27-13
Section 36-27-13 Granting of credit for years served as member of Legislature; maximum credit;
payment of employee's contribution; applicability of provisions of section. (a) Any person
who, as of September 20, 1971, is a regular employee of the State of Alabama and is covered
or eligible to be covered under the state Employees' Retirement System and who, prior to such
regular employment, served as a member of the Legislature shall have credited to him one year
of creditable service for each year served as such legislator not to exceed eight years; provided,
that such person shall pay into the retirement system the employee's part of the cost or contribution
based on the salary and expenses paid to such person during the time of his legislative service,
with such cost or contribution to be calculated at the percent or rate in effect on September
20, 1971. (b) This section shall apply only to those persons who, at the time of their retirement,
have 10 or more creditable years of service...
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36-27-155
Section 36-27-155 Pensioners who retired prior to membership of employer in system. (a) Commencing
October 1, 2000, any retired employee who retired from a city, town, county, or public or
quasi-public organization of the state before the city, town, county, or public or quasi-public
organization of the state became a member of the Employees' Retirement System, and who is
receiving a monthly benefit prior to October 1, 2000, administered by the Employees' Retirement
System, and whose years of creditable service has not been made known to the Employees' Retirement
System, may receive an increase in benefits of four percent, except that no pensioner shall
receive an increase of less than twenty-five dollars ($25) per month, provided the retired
employee retired prior to October 1, 2000, and the employer decides to come under the provisions
of this article. (b) Retired local public agency employees who retired prior to membership
of the employer in the Employees' Retirement System and...
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36-27-184
Section 36-27-184 Pensioners who retired prior to membership of employer in system. (a) Commencing
October 1, 2002, any retired employee who retired from a city, town, county, or public or
quasi-public organization of the state before the city, town, county, or public or quasi-public
organization of the state became a member of the Employees' Retirement System, and who is
receiving a monthly benefit prior to October 1, 2002, administered by the Employees' Retirement
System, and whose years of creditable service have not been made known to the Employees' Retirement
System, may receive an increase in benefits of three percent except that no pensioner shall
receive an increase of less than fifteen dollars ($15) per month, provided the retired employee
retired prior to October 1, 2001, and the employer elects to come under the provisions of
this article. (b) Retired local public agency employees who retired prior to membership of
the employer in the Employees' Retirement System and whose...
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36-27-194
Section 36-27-194 Pensioners who retired prior to membership of employer in system; beneficiaries.
(a) Commencing October 1, 2005, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 2004, administered by the Employees'
Retirement System may receive an increase in benefits of four percent, except that no pensioner
shall receive an increase of less than fifteen dollars ($15) per month, provided the retired
employee retired prior to October 1, 2004, and the employer decides to come under the provisions
of this article and fund the increase. (b) Commencing October 1, 2005, beneficiaries of Employees'
Retirement System pensioners shall receive an increase of four percent of their gross monthly
benefit, but not less than fifteen dollars...
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36-27-20
Section 36-27-20 Increase in maximum retirement allowance of certain state, etc., employees
- 1971 five percent increase. (a) On or after October 1, 1971, there is hereby provided to
any state employee who retired prior to October 1, 1971, an increase in his maximum retirement
allowance by an amount of up to five percent, excluding that part of five percent provided
by any other legislation in 1971. (b) On or after October 1, 1971, there is hereby provided
to any employee who was retired prior to October 1, 1971, as an employee participating in
the Employees' Retirement System of Alabama under the provisions of Section 36-27-6 an increase
in his maximum retirement allowance by an amount of up to five percent, excluding that part
of five percent provided by any other legislation in 1971. The employer participating under
said Section 36-27-6 as described in this subsection shall provide the funds necessary to
pay the increase in retirement allowances as described in this subsection. (c)...
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