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16-25-13.1
Section 16-25-13.1 Purchase of credit for service at Athens State University and state junior
colleges; procedure. (a) All employees of state junior colleges and Athens State University
who are participating in the Teachers' Retirement System of Alabama on July 22, 1987, may
elect to purchase credit for their total years of service rendered to such employer prior
to the time said employer was covered by the Teachers' Retirement System of Alabama, up to
a maximum of five years. (b) Any employee electing to purchase credit pursuant to subsection
(a) shall pay to the Secretary-Treasurer within one year after October 1, 1987, a lump sum
payment equal to a percentage of his or her then earnable compensation; the applicable percentage
shall be the sum of the prevailing percentage rates of employer and member contributions as
required by the actuarial valuations during the years for which such person is purchasing
prior service credit. (Acts 1987, No. 87-564, p. 881, ยงยง 1, 2.)...
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36-27-41
Section 36-27-41 Employees for whom system reopened; payment of contributions. (a) Any employee
who was in service on October 1, 1974, whose membership in the Employees' Retirement System
of Alabama was contingent upon his own election and who elected not to become a member, may
apply for and be admitted to membership with all prior service credit, as otherwise provided
for in Article 1 of this chapter, at any time prior to October 1, 1976; provided, that said
employee pays to the Secretary-Treasurer of the Employees' Retirement System of Alabama on
or before October 1, 1976, a sum equal to the total contributions which he would have made
as a member during his service as an employee from October 1, 1945, or the date of entry of
his employing unit, to the date of his application for membership, plus compound interest
of eight percent on such contributions. (b) Any member in service on October 1, 1974, or any
retired member of the Employees' Retirement System of Alabama, who at one time...
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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...
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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...
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36-27-49.3
Section 36-27-49.3 Purchase of credit for up to four years of active full-time military service;
limitations. (a) Whenever used in this section, all words and phrases defined in Section 36-27-1
and Section 16-25-1 and Title 12, Chapter 18, shall have the same meanings ascribed to them
in such sections and chapter, unless the context clearly indicates that a different meaning
is intended. (b) Any active and contributing member of the Employees' or Teachers' Retirement
System or any appellate judge in the Judicial Retirement Fund who has met the minimum vesting
requirements under said systems and who has honorable duty consisting of active full-time
military service in the Armed Forces of the United States, exclusive of any summer or weekend
service in a reserve or national guard component of any branch of the armed forces, and who
has not received credit for such service toward retirement status in the Employees' or Teachers'
Retirement System or any appellate judge in the Judicial...
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16-25-11
Section 16-25-11 Creditable service. (a) Under such rules and regulations as the Board of Control
shall adopt, each person who was a teacher prior to October 1, 1940, and who under the provisions
of this chapter makes up contributions plus eight percent compound interest on such contributions
for the time said teacher taught as a nonmember and who becomes a member prior to October
1, 1974, shall file a detailed statement of all service as a teacher rendered by him prior
to October 1, 1940, for which he claims credit. 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 for
more than one month's duration, nor shall more than one year of service be creditable for
all service in one calendar year. Service rendered for a regular school year shall be equivalent
to one year's service. Subject to the above restrictions and...
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12-18-8.2
Section 12-18-8.2 Eligibility for retirement of circuit judges; credit for former service in
executive department of state; credit for service as full-time assistant district attorney,
deputy district attorney or assistant attorney general. (a) Any circuit judge who is an active
and contributing member of the Judicial Retirement Fund of Alabama and has been such a member
since February 1, 1977, and who has had full-time service as an administrative assistant and/or
an executive assistant in the executive department of the state, or who had former service
as a full-time assistant district attorney, a deputy district attorney or an assistant attorney
general regardless of whether or not such time of service was continuous, may hereby claim
and purchase credit in the judicial retirement fund for up to three years of such time of
service. (b) Any circuit judge eligible to claim and purchase credit for such service under
subsection (a) shall be awarded such credit provided that such judge...
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45-9-91
Section 45-9-91 Creation; composition; headquarters; meetings; personnel. (a) Pursuant to Amendment
678 of the Constitution of Alabama of 1901, there is created and established the Chambers
County Industrial Development Council on September 1, 2001. Initially, the council shall consist
of the current members of the Industrial Development Authority of Chambers County. As the
terms of the members of the authority expire, their successors shall be appointed to the new
council as follows: (1) The county commissioners from Commission Districts 1, 2, and 3 shall
each appoint one member for initial terms of one year each. (2) The county commissioners from
Commission Districts 4, 5, and 6 shall each appoint one member for initial terms of two years
each. (3) The governing body of each incorporated municipality in the county shall appoint
one member for an initial term of three years. (4) A consensus of the state legislative delegation
for the county shall appoint two members for initial terms...
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36-27-24
Section 36-27-24 Funds for assets of retirement system - Creation; composition; disposition
of funds; appropriations. (a) Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely, the Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date and the balance of the former Pension Reserve Fund shall be transferred to
the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be
transferred to the Pension Accumulation Fund. (b) Annuity Savings Fund. The Annuity Savings
Fund shall be a fund in which shall be accumulated contributions from the compensation of
members to provide for their annuities. Contributions to and payments from the Annuity Savings
Fund shall be made as follows: Effective October 1, 1971, each employer shall...
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45-8A-22.118
Section 45-8A-22.118 Maximum benefits; limitations; adjustments. (a) Annual Benefit and Final
Regulations Under Internal Revenue Code Section 415. (1) Annual Benefit. For purposes of this
section, "annual benefit" means the benefit payable annually under the terms of
the plan, exclusive of any benefit not required to be considered for purposes of applying
the limitations of Internal Revenue Code Section 415 to the plan, in the form of a straight
life annuity with no ancillary benefits. If the benefit is payable in any other form, the
annual benefit shall be adjusted to the equivalent of a straight life annuity pursuant to
subsection (c). (2) Final Regulations Under Internal Revenue Code Section 415. Notwithstanding
anything in this section to the contrary, the following provisions apply beginning on or after
January 1, 1976, except as otherwise provided in this section. a. Incorporation by Reference.
The limitations, adjustments, and other requirements prescribed in the plan shall...
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