Code of Alabama

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36-27-55.4
Section 36-27-55.4 Purchase of credit for prior service with International Motorsports
Hall of Fame. (a) An active and contributing member of the Employees' Retirement System who
is currently employed with the International Motorsports Hall of Fame may purchase credit
in the system for prior service rendered with the International Motorsports Hall of Fame and
compensated by the International Speedway Corporation between January 1, 1982, and December
31, 1983. Notwithstanding, 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) A member eligible to purchase prior service credit
in the Employees' Retirement System under subsection (a) may elect to purchase the credit
prior to October 1, 2002, by paying the Secretary-Treasurer of the Employees' Retirement System
a lump sum equal to the full actuarially determined cost for each year of service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.4.htm - 1K - 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

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

36-27-51.1
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....

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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...

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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

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

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

36-27-55.5
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

36-27-6.3
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

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