36-27-48
Section 36-27-48 Purchase of prior service credits by certain active members; termination
date. (a) Whenever used in this section, all words and phrases defined in Section
36-27-1 shall have the same meanings ascribed to them in such section, unless the context
clearly indicates that a different meaning is intended. (b) Any active and contributing member
of the Employees' Retirement System of Alabama or the Teachers' Retirement System of Alabama,
who is an active member of either system, and who has rendered eligible service to any employer
covered under either system, may hereby claim and purchase credit for any such prior service
as an employee of any such employer. Any active and contributing member of the Employees'
Retirement System of Alabama or the Teachers' Retirement System of Alabama, who is an active
member of either system, may claim and purchase up to four years' credit for United States
military service. (c) Any member eligible to claim and purchase credit for service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-48.htm - 2K - Match Info - Similar pages

36-27-49.2
Section 36-27-49.2 Claiming and purchasing credit for retirement system service and
military service; option must be exercised and paid before October 1, 1988. (a) Whenever used
in this section, all words and phrases defined in Section 36-27-1 shall have
the same meanings ascribed to them in such section, unless the context clearly indicates
that a different meaning is intended. (b) Any active and contributing member of the Employees'
Retirement System of Alabama or the Teachers' Retirement System of Alabama, who is an active
member of either system, and who has rendered service to any employer covered under such system,
may hereby claim and purchase credit for any such service as an employee and may purchase
credit for prior military service of any such employer. (c) Any member eligible to claim and
purchase credit for service under subsection (b) hereof, shall be awarded such credit under
the Employees' Retirement System of Alabama or the Teachers' Retirement System of Alabama...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-49.2.htm - 2K - Match Info - Similar pages

36-27-54.1
Section 36-27-54.1 Purchase of credit for prior service with Alabama State Docks. (a)
Any active and contributing member of the Employees' Retirement System, who is employed by
the Alabama State Docks on October 1, 1993, may purchase credit in the Employees' Retirement
System for prior service with the state docks if the member has not received credit in the
system for the same prior service and has not vested or otherwise become eligible to receive
a retirement benefit by using the same prior service credit in another pension plan offered
by the state docks. (b) A member of the Employees' Retirement System who is eligible to purchase
any prior service credit under subsection (a) shall receive the credit if he or she pays into
the system on or before his or her date of retirement, an amount of five percent of the greater
of the member's current annual earnable compensation or average final compensation for the
entire period of prior service claimed, or any portion thereof, plus eight...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-54.1.htm - 2K - Match Info - Similar pages

16-25-11.15
Section 16-25-11.15 Purchase of credit for prior service with eligible employer under
Employees' Retirement System. (a)(1) Any person who, as of July 1, 1990, is an officer or
a regular employee of an employer participating in the Teachers' Retirement System and who
has previously been employed by another employer eligible for participation in the Employees'
Retirement System pursuant to Section 36-27-6, shall be eligible to receive creditable
service for each year of service previously rendered to another employer eligible for participation
in the Employees' Retirement System pursuant to Section 36-27-6, for up to eight years
of creditable service, provided, that the member claiming the credit shall have attained not
less than 10 years of contributing membership service credit, exclusive of military service
credit under the Teachers' Retirement System, and the member performs and complies with the
condition prescribed in subdivision (2). (2) A member of the Teachers' Retirement System...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.15.htm - 2K - Match Info - Similar pages

41-7A-3
Section 41-7A-3 Purchase of prior service credit for time in Employees' Retirement System.
If the director or a classified employee of the Alabama Film Office has previously served
as an independent contractor of the Alabama Film Office, and desires to purchase prior service
credit for time in the Employees' Retirement System after becoming an active and contributing
member of the retirement system under this chapter, he or she shall pay to the Secretary-Treasurer
of the Retirement System in a lump sum within five years from August 9, 1995, the full cost
of the employer and employee contributions necessary to purchase the prior service credit
as determined by the actuary for the retirement system based on the current compensation or
final average compensation of the employee, whichever is greater. (Acts 1995, No. 95-785,
p. 1871, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-7A-3.htm - 1K - Match Info - Similar pages

36-27-55.1
Section 36-27-55.1 Purchase of credit for prior service with Alabama State Council on
the Arts. (a) Any active and contributing member of the Employees' Retirement System may purchase
credit in the Employees' Retirement System for prior service with the Alabama State Council
on the Arts if the member has not received credit in the system for the same prior service
and has not vested or otherwise become eligible to receive a retirement benefit by using the
same prior service credit in another pension plan offered by the council. (b) A member of
the Employees' Retirement System who is eligible to purchase any prior service credit under
subsection (a) of this section shall receive the credit if he or she pays into the
system on or before his or her date of retirement, an amount of five percent of the greater
of the member's current annual earnable compensation or average final compensation, whichever
is greater, as determined by the actuary for the system, for the entire period of prior...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.1.htm - 1K - Match Info - Similar pages

16-25-11.11
Section 16-25-11.11 Purchase of credit for prior service with Alabama State Council
on the Arts. (a) Any active and contributing member of the Teachers' Retirement System may
purchase credit in the Teachers' Retirement System for prior service with the Alabama State
Council on the Arts if the member has not received credit in the system for the same prior
service and has not vested or otherwise become eligible to receive a retirement benefit by
using the same prior service credit in another pension plan offered by the council. (b) A
member of the Teachers' Retirement System who is eligible to purchase any prior service credit
under subsection (a) shall receive the credit if he or she pays into the system on or before
his or her date of retirement, an amount equal to the full actuarially determined cost for
each year of prior service purchased as determined by the system's actuary. Prior service
may be purchased only in yearly increments of at least two years at a time. (Acts 1995, No....

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.11.htm - 1K - Match Info - Similar pages

16-25-11.17
Section 16-25-11.17 Purchase of credit for prior service with Department of Industrial
Relations. (a) An active and contributing member of the Teachers' Retirement System who has
10 years of creditable service in the Teachers' Retirement System of Alabama may purchase
up to four years service credit in the system for prior service rendered as a full-time employee
with the Department of Industrial Relations under the federal Comprehensive Employment and
Training Act between October 1974 and November 1978. (b) Any member eligible to claim and
purchase credit for service under subsection (a) shall be awarded such credit under the Teachers'
Retirement System of Alabama provided that he or she pays to the Secretary-Treasurer of the
Teachers' Retirement System, prior to the earlier of the member's date of retirement or October
1, 2001, a lump sum equal to the full actuarially determined cost for each year of service
purchased as determined by the system's actuary. Notwithstanding the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.17.htm - 1K - Match Info - Similar pages

36-27-55.2
Section 36-27-55.2 Purchase of credit for prior service with State Economic Opportunity
Office. (a)(1) Any member of the Employees' Retirement System of Alabama shall be eligible
to receive up to 10 years of creditable service for service which was rendered between January
1, 1971, and December 31, 1983, as an employee of the State Economic Opportunity Office under
the Alabama Development Office, provided that the member of the retirement system claiming
the credit shall have attained not less than 10 years of contributing membership service credit,
exclusive of military service credit, under the Employees' Retirement System; and, provided
further, that the member performs and complies with the conditions prescribed in subdivision
(2). (2) A member of the Employees' Retirement System of Alabama eligible to purchase service
credit in the system under paragraph a. of this subdivision, may receive credit for the prior
service rendered as provided in subdivision (1), provided that as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.2.htm - 2K - Match Info - Similar pages

16-25-13.2
Section 16-25-13.2 Purchase of credit for prior service at Walker College. (a) Any active
and contributing member of the Teachers' Retirement System of Alabama, who prior to July 31,
1995, was a regular employee of Walker College, may claim and purchase prior service credit,
not to exceed five years, for that prior service. Contributing members have one year from
July 31, 1995, to make a lump sum payment in order to gain credit for up to five years of
eligible service at Walker College. (b) Any person eligible under subsection (a) to claim
and purchase credit for prior service shall be awarded credit for the service under the Teachers'
Retirement System of Alabama if he or she complies with each of the following requirements:
(1) The person provides certification to the Teachers' Retirement System no later than 60
days before the date of his or her retirement, as to the time of service and salary for each
period of claimed service. The certification shall be made by the employing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-13.2.htm - 1K - Match Info - Similar pages