|
45-8A-22.118
in the plan, then the defined benefit dollar limitation of subsection (b) shall be multiplied
by a fraction, a. the numerator of which is the number of years, or part thereof, of participation
in the plan, and b. the denominator of which is 10. However, in no event shall such fraction
be less than 1/10th. Notwithstanding the foregoing, no adjustment shall be made to the defined
benefit dollar limitation for a distribution on account of a participant becoming disabled
by reason of personal injuries or sickness, or as a result of the death of a participant.
For purposes of this section, a "year of participation" means each accrual computation
period for which the following conditions are met: a. the participant is credited with a period
of service for benefit accrual purposes, required under the terms of the plan in order to
accrue a benefit for the accrual computation period, and b. the participant is included as
a participant under the eligibility provisions of the plan for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.118.htm - 30K - Match Info - Similar pages
40-2B-2
as it deems best adapted for public convenience. Such publications shall be made permanently
available and constitute the official reports of the Alabama Tax Tribunal. (p) Service of
Process. (1) Mailing by first class or certified or registered mail, postage prepaid, to the
address of the taxpayer given on the taxpayer's notice of appeal, or to the address of the
taxpayer's representative of record, if any, or to the usual place of business of the Department
of Revenue, shall constitute personal service on the other party. The Alabama Tax Tribunal,
by rule, may prescribe that notice by other means shall constitute personal service
and, in a particular case, may order that notice be given to additional persons or by other
means. (2) Mailing by registered or certified mail and delivery by a private delivery service
approved by the Internal Revenue Service in accordance with Section 7502(f) of the Internal
Revenue Code of 1986, as amended, shall be deemed to have occurred,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2B-2.htm - 39K - Match Info - Similar pages
36-27-51.1
Section 36-27-51.1 Purchase of credit for prior service by member of city retirement system.
Any active and contributing member of a city retirement system that participates in the Employees'
Retirement System under Section 36-27-6 who rendered prior service to a non-participating
employer funded by a city and a county which was eligible for participation in the Employees'
Retirement System under Section 36-27-6, may purchase up to eight years of credit in the Employees'
Retirement System for the prior service if the member pays to the Secretary-Treasurer of the
Employees' Retirement System prior to the date of his or her retirement a sum equal to the
full actuarial determined cost for each year of service purchased as determined by the actuary
for the system. The local governmental entity which currently employs the member shall furnish
the Employees' Retirement System with documentation of the prior service being claimed by
the member as requested by the retirement system....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-51.1.htm - 1K - 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
36-27-58.1
Section 36-27-58.1 Purchase of credit for certain members away from work due to job-related
injury. (a) Notwithstanding any other laws, any active and contributing member of the
Employees' Retirement System of Alabama may purchase up to two years of service credit for
the time he or she was receiving benefits pursuant to the Alabama Workers' Compensation Act,
commencing with Section 25-5-1, and was absent from work due to a work related and compensable
injury; provided that the member returned to work with his or her covered employer
within one year following cessation of workers' compensation benefits. The Board of Control
of the Employees' Retirement System shall adopt rules and regulations for the administration
of this section including verification of the service that the member desires to purchase
credit for in the system. The member shall receive credit for the service when he or she remits
to the system the contributions required by subsection (b). Notwithstanding the foregoing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-58.1.htm - 1K - Match Info - Similar pages
36-27-6.3
Section 36-27-6.3 Purchase of credit for prior service as firefighter. Any active and contributing
member of a city or municipal retirement system that participates in the Employees' Retirement
System under Section 36-27-6 who rendered prior service as a full-time firefighter with a
non-participating city employer that has been annexed into a city or municipality that participates
in the Employees' Retirement System, may purchase credit including hazardous duty service
in the Employees' Retirement System for the prior service if the member pays to the Secretary-Treasurer
of the Employees' Retirement System prior to the date of his or her retirement a sum equal
to the full actuarial determined cost for each year of service purchased as determined by
the actuary for the system. The local governmental entity which currently employs the member
shall furnish the Employees' Retirement System with documentation of the prior service being
claimed by the member as requested by the retirement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.3.htm - 1K - Match Info - Similar pages
16-25-11.19
Section 16-25-11.19 Purchase of credit for prior service with Federal Bureau of Mines. (a)
Any active, vested, and contributing member of the Teachers' Retirement System may claim and
purchase service credit in the system not to exceed 8 years for prior service as a full-time
employee of the Federal Bureau of Mines. The certification of prior service claimed under
this section shall conform to applicable administrative rules and procedures of the Teachers'
Retirement System. Members shall receive credit for the prior service when they remit to the
system the contributions required by subsection (b). No member shall receive credit for any
service that the member is already credited with in the system or any other public retirement
plan, with the exception of the federal Social Security program. (b) Any member who is eligible
to purchase service credit pursuant to subsection (a) shall pay to the Secretary-Treasurer
of the system, within one year from August 1, 2000, for the claimed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.19.htm - 1K - Match Info - Similar pages
36-27-55.5
Section 36-27-55.5 Purchase of credit for prior service with Dauphin Island Park and Beach
Board of Mobile County, Inc. (a) Any active and contributing member of the Employees' Retirement
System may claim and purchase credit not to exceed 10 years in the system for prior service
rendered while employed with the Dauphin Island Park and Beach Board of Mobile County, Inc.,
if the member complies with subsection (b). (b) A member of the Employees' Retirement System
eligible to purchase prior service credit pursuant to subsection (a) may receive credit in
the system for the prior service by paying prior to his or her date of retirement, the full
actuarially determined cost for each year of service purchased as determined by the system's
actuary. Notwithstanding the foregoing, no member of the Employees' Retirement System shall
be eligible to receive service credit in the system for any service that the member is already
credited with in the system or in any other public retirement plan,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.5.htm - 1K - Match Info - Similar pages
36-27-42
Section 36-27-42 Credit for prior service - Generally. Any member who was a member of the Employees'
Retirement System on October 1, 1974, and who prior to said date had been ineligible to receive
credit for service rendered as an employee prior to October 1, 1945, for reasons other than
having been employed as a nonmember, shall be eligible under the provisions of Article 1 of
this chapter to receive credit for all service as an employee rendered by him prior to the
date of establishment of the retirement system; provided, that such person has never waived
his claim on the funds of the retirement system by withdrawing his accumulated contributions
to said funds; and provided, that said member has not been absent from service more than five
years in any period of six consecutive years after becoming a member of the retirement system.
(Acts 1975, No. 1102, p. 2173, ยง3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-42.htm - 1K - Match Info - Similar pages
36-27-6.4
Section 36-27-6.4 Purchase of credit for prior service with the Oxford Emergency Medical Services,
Inc. (a) Any active and contributing member of the Oxford Emergency Medical Services, Inc.,
that participates in the Employees' Retirement System under Section 36-27-6, may purchase
prior non-qualified service for employment rendered to Oxford Emergency Medical Services before
July 14, 2009, as permitted by the IRC Section 415(n)(3)(B). Currently, under federal law
the employee must have five or more years of creditable service in the Employees' Retirement
System prior to purchasing up to five years' non-qualified service. (b) No member shall receive
credit for any service that the member is already credited with in the system or any other
public retirement plan, with the exception of the federal Social Security program. (c) Any
member who is eligible to purchase service credit shall furnish to the Secretary-Treasurer
of the Employees' Retirement System the full actuarially determined...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.4.htm - 1K - Match Info - Similar pages
|