|
12-17-227.3
Section 12-17-227.3 (Effective November 8, 2016, subject to contingencies) Transfer of membership
service and accumulated contributions. (a) Any active and contributing member of the District
Attorneys' Plan who, not more than one year prior to becoming a member of the plan was a member
of the Employees' Retirement System of Alabama or the Teachers' Retirement System of Alabama,
may elect to transfer his or her membership service and accumulated contributions in the Employees'
Retirement System or the Teachers' Retirement System to the District Attorneys' Plan. (b)
Any active and contributing member desiring to transfer any membership service and accumulated
contributions under subsection (a) shall notify the Board of Control of the Employees' Retirement
System of his or her election to transfer membership service and shall authorize the transfer
of the amount of his or her accumulated contributions to his or her credit in the Employees'
Retirement System or Teachers' Retirement System...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-227.3.htm - 2K - Match Info - Similar pages
16-25-11.14
Section 16-25-11.14 Purchase of credit for service rendered to authorized employer. (a) Active
and contributing members of the Teachers' Retirement System (TRS) or the Employees' Retirement
System (ERS) 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 TRS 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 TRS or ERS. 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 the exception of the federal Social Security program....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.14.htm - 1K - Match Info - Similar pages
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
16-25-11.6
Section 16-25-11.6 Purchase of credit for employment with school operated by Department of
Defense. (a) Any active and contributing member of the Teachers' Retirement System of Alabama
who was a regular employee of a school operated by the Department of Defense of the United
States of America and is now covered by the Teachers' Retirement System shall be eligible
to receive credit for such service provided that the member of the Teachers' Retirement System
claiming such 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 provided further that such member performs and complies with the conditions prescribed
in subsection (b). (b) A member of the Teachers' Retirement System of Alabama eligible under
subsection (a) may receive credit for employment rendered to a school operated by the Department
of Defense of the United States of America as provided in subsection (a),...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.6.htm - 3K - Match Info - Similar pages
36-27-53.1
Section 36-27-53.1 Election by certain active members who had employment with Legislature prior
to 1979 - Purchase pursuant to Title 29. Any active and contributing member of the Employees'
Retirement System, may hereby claim and purchase credit in the Employees' Retirement System
for up to four years' time for employment by the Alabama Legislature pursuant to Chapters
4, 5 and 7 of Title 29, prior to 1979, provided, that such member shall pay into the Employees'
Retirement System the total amount he would have contributed had he been allowed to contribute
at the position and salary level, together with interest not to exceed eight percent compounded
annually from the date of service to the date of payment, and provided that he shall make
such payment within one year from August 8, 1991. Provided, further, any active and contributing
member who has previously purchased credit for said service rendered prior to 1979 is prohibited
from purchasing such credit for the same service. (Acts...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-53.1.htm - 1K - Match Info - Similar pages
36-27-53
Section 36-27-53 Election by certain active members who had employment with Legislature prior
to 1979. Any active and contributing member of the Employees' Retirement System who has vested
retirement benefits may hereby claim and purchase credit in the Employees' Retirement System
for up to four years' time for employment by the Alabama Legislature prior to 1979, provided,
that such member shall pay into the Employees' Retirement System the total amount he would
have contributed had he been allowed to contribute at the position and salary level, together
with interest not to exceed eight percent compounded annually from the date of service to
the date of payment, and provided that he shall make such payment within one year from May
19, 1989. (Acts 1989, No. 89-915, p. 1810, ยง1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-53.htm - 1K - Match Info - Similar pages
36-27-11
Section 36-27-11 Determination of prior creditable service; computation of creditable service
at retirement; procedure for restoration of creditable service to certain persons; payment
of makeup contributions by certain persons. (a) Under such rules and regulations as the Board
of Control shall adopt, each member who was an employee prior to October 1, 1945, and who
has made up contributions for time served as a nonmember and who becomes a member prior to
September 1, 1966, shall file a detailed statement of all service as an employee rendered
by him prior to October 1, 1945, for which he claims credit. (b) The Board of Control shall
fix and determine by appropriate rules and regulations how much service in any year is equivalent
to one year of service, but in no case shall it allow any credit for a period of absence without
pay of more than one month's duration, nor shall more than one year of service be creditable
for all service in one calendar year. (c) Subject to the restrictions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-11.htm - 8K - Match Info - Similar pages
36-27-132
Section 36-27-132 Amount of increase - Persons whose employer participated in Employees' Retirement
System. Commencing October 1, 1996, each person whose employer participates in the Employees'
Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective date of retirement
for purposes of receiving benefits from the Employees' Retirement System is prior to October
1, 1996, and who is receiving a monthly allowance or is eligible to receive a monthly allowance
from the Employees' Retirement System, and certain beneficiaries of deceased members and deceased
retirees currently receiving survivor benefits, if the effective date of retirement or death
for the deceased retiree or deceased member was prior to October 1, 1996, for purposes of
receiving benefits from the Employees' Retirement System, shall receive a cost-of-living increase
of not less than twelve dollars and fifty cents ($12.50) per month and the increase shall
be more if determined as follows: (1) Two percent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-132.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.01.htm - 27K - Match Info - Similar pages
45-37A-51.162
Section 45-37A-51.162 Elected officials, appointed employees, and employees in the unclassified
service. (a) Elected officials. (1) Each officer shall be eligible to become a member of the
system by exercising the option hereby given in the manner and within the time provided for
in this subsection and not thereafter. (2) Any person who is an officer may exercise such
option within 90 days from the date upon which such person shall officially take office. (3)
An officer desiring to become a member under this subsection shall deliver to the city director
of finance, within the time above specified, a signed statement reciting that the officer
elects to become a member of the system. The election thus made shall be irrevocable. After
electing to become a member, an officer shall be subject to all burdens and entitled to all
rights attached to membership in the system, including the subjection of the officer to salary
deductions and entitlement to contributions by the city on his or her...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.162.htm - 7K - Match Info - Similar pages
|