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
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
16-25-11.18
Section 16-25-11.18 Purchase of credit for prior service with United States Civil Service. (a) Any active and contributing member of the Teachers' Retirement System or the Employees' Retirement System may elect to purchase prior service credit in the system for employment that the member had with the United States Civil Service at any military base of the United States or as a graduate teaching assistant or graduate research assistant at any public college or university in Alabama, if the employment service occurred prior to January 1, 1976, and if the member complies with the conditions prescribed in subsection (b). (b) Any member eligible to claim and purchase the service credit pursuant to subsection (a) shall be awarded creditable service with the Teachers' Retirement System or Employees' Retirement System on the basis of one twelfth of a year for each month or portion of month of employment service only if the member pays into the retirement system or fund prior to the date of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.18.htm - 2K - Match Info - Similar pages
36-27-12
Section 36-27-12 Transfer of service credits, etc., from Teachers' Retirement System of Alabama. (a) Any member of the Employees' Retirement System who, not more than one year prior to becoming a member of the employees' retirement system, was a member of the Teachers' Retirement System of Alabama may elect to transfer to the Employees' Retirement System his service credits in said Teachers' Retirement System, as provided in this section. (b) Any such member so desiring to transfer such service credits shall notify the Board of Control of the Employees' Retirement System after he becomes a member of the employees' retirement system of his election to transfer such service credits and shall authorize transfer of the amount of his accumulated contributions to his credit in said Teachers' Retirement System to the Annuity Savings Fund of the Employees' Retirement System. (c) The Board of Control of the Teachers' Retirement System shall thereupon certify to the Board of Control of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-12.htm - 3K - Match Info - Similar pages
36-27-56.1
Section 36-27-56.1 Purchase of credit for prior service as county solicitor. (a) Any vested member of any component system or fund of the Employees' Retirement System may claim and purchase up to three years' credit in his or her system or fund for up to three years of prior service which he or she rendered to any county government as a county solicitor. (b) Any vested member eligible to claim and purchase credit for prior service as a county solicitor under subsection (a), shall be awarded credit under the appropriate system or fund provided he or she pays into his or her respective retirement system or fund prior to the member's date of retirement, a sum of money equal to a percentage of the member's highest annual compensation or final average salary during the period of prior service, whichever is higher; the applicable percentage of the highest annual compensation or the final average salary, whichever is higher, shall be the sum of the prevailing percentage rates of employer and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-56.1.htm - 1K - Match Info - Similar pages
16-25-4
Section 16-25-4 Transfer of membership from the Employees' Retirement System of Alabama generally. (a) Any member of the Teachers' Retirement System who, not more than one year prior to becoming a member of the Teachers' Retirement System, was a member of the Employees' Retirement System of Alabama may elect to transfer to the Teachers' Retirement System his service credits in said Employees' Retirement System, as herein provided. (b) Any such member so desiring to transfer such service credits shall notify the Board of Control of the Teachers' Retirement System after he becomes a member of the Teachers' Retirement System of his election to transfer such service credits and shall authorize transfer of the amount of his accumulated contributions to his credit in said Employees' Retirement System to the annuity savings fund of the Teachers' Retirement System. (c) The Board of Control of the Employees' Retirement System shall thereupon certify to the Board of Control of the Teachers'...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-4.htm - 3K - 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
36-27-55.1
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
16-25-11.10
Section 16-25-11.10 Purchase of credit for prior service rendered to employer who may join system pursuant to Section 16-25-10.7 but has not elected to participate. (a) Active and contributing members of the Teachers' Retirement System may claim and purchase service credit in the system not to exceed eight years for any period of prior service while they were full-time employees of an employer who is authorized to join the system pursuant to Section 16-25-10.7, but has not elected to participate. The certification of any prior service claimed by the members 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). Notwithstanding the foregoing, no member of the system shall receive credit for any service that the member is already credited with in the system or any other public retirement plan, with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.10.htm - 1K - Match Info - Similar pages
36-27-55.3
Section 36-27-55.3 Purchase of credit for prior service as a welcome center employee. (a) An active and contributing member of the Employees' Retirement System, who is also a vested member of the system, may purchase service credit in the system not to exceed five years for any period of prior service while he or she was employed at a welcome center for the state while employees of the welcome centers were not allowed to be members of the system. The Board of Control of the Employees' Retirement System shall adopt rules and regulations for the administration of this section including verification of the prior service for which the member desires to purchase credit 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 language, no member of the Employees' Retirement System shall be eligible to receive credit for any period of time for which the member is already...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.3.htm - 2K - Match Info - Similar pages
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