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16-25-150
Section 16-25-150 Participation in plan. (a) As governed by this subsection, there exists as
a part of this retirement system an optional account known as the Deferred Retirement Option
Plan, which may be cited as "DROP." The purpose of DROP is to allow, contractually,
in lieu of immediate withdrawal from service and receipt of a retirement allowance, continued
employment for a specific period of time, coupled with the deferral of receipt of a retirement
allowance until the end of the period of participation, at which time the member shall withdraw
from service. (b) Participation in DROP is an option available to any member of this retirement
system who meets all of the following requirements: (1) Has at least 25 years of creditable
service exclusive of sick leave. (2) Is at least 55 years of age. (3) Is eligible for service
retirement. (c) An election to participate in DROP may be made in one year increments not
to exceed five years, nor to be less than three years. A member may...
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36-27-80
Section 36-27-80 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. There is hereby provided, commencing October 1, 1988, to
each person except persons whose employer participated in the Employees' Retirement System
pursuant to Sections 36-27-6, 36-27-7 or 36-27-7.1, whose effective date of retirement for
purposes of receiving benefits from the Employees' Retirement System is prior to October 1,
1987, and to beneficiaries of deceased members or deceased retirees except where the deceased
member or deceased retiree retired from an employer participating in the Employees' Retirement
System pursuant to Sections 36-27-6, 36-27-7 or 36-27-7.1, provided the date of death for
such deceased member or the effective date of retirement for such deceased retiree for purposes
of receiving benefits from the Employees' Retirement System was prior to October 1, 1987,
and who is receiving a monthly allowance from the Employees' Retirement System...
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36-27-87
Section 36-27-87 Amount of increase - Persons other than those whose employer participated
under Sections 36-27-6, 36-27-7 or 36-27-7.1. There is hereby provided, commencing October
1, 1990, to each person except persons whose employer participated in the Employees' Retirement
System pursuant to Sections 36-27-6, 36-27-7 or 36-27-7.1, whose effective date of retirement
for purposes of receiving benefits from the Employees' Retirement System is prior to October
1, 1989, and to beneficiaries of deceased members or deceased retirees except where the deceased
member or deceased retiree retired from an employer participating in the Employees' Retirement
System pursuant to Sections 36-27-6, 36-27-7 or 36-27-7.1, provided the date of death for
such deceased member or the effective date of retirement for such deceased retiree for purposes
of receiving benefits from the Employees' Retirement System was prior to October 1, 1989,
and who is receiving a monthly allowance from the Employees'...
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40-18-342
Section 40-18-342 Tax credit for equipment and conversion costs. (a)(1) Subject to subdivision
(2), for all tax years beginning after December 31, 2011, until tax year ending December 31,
2017, there shall be allowed to any agricultural trade or business an income tax credit equal
to 20 percent of the cost of the purchase and installation of any qualified irrigation equipment
and any conversion costs related to the conversion of irrigation equipment from fuel to electricity
or qualified reservoirs. For a surface water withdrawal irrigation system to be eligible for
credit, the irrigation system must operate utilizing a qualified reservoir, except when the
surface water withdrawal is directly from any river or stream whose average annual flow exceeds
8,000 cubic feet per second. A qualified reservoir is not required for a ground water withdrawal
irrigation system. The credit shall be equal to 20 percent of the accrued cost of the qualified
irrigation equipment and the cost of...
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16-25-10.10
Section 16-25-10.10 Officers and employees of the American Federation of Teachers in Alabama;
contributions; creditable service. (a) The governing body of any local union or state organization
of the American Federation of Teachers may, by resolution legally adopted to conform to the
rules prescribed by the Board of Control of the Teachers' Retirement System, elect to have
its officers and employees, from whatever source and in whatever manner paid, become eligible
to participate in the Teachers' Retirement System subject to all rules, regulations, and conditions
thereof. (b) The governing body of any local union or state organization of the American Federation
of Teachers eligible under subsection (a) to participate in the system, and having made an
election by resolution to participate, may have its employees and officers participate in,
and be entitled to, all benefits of the Teachers' Retirement System, provided that where contributions
are made from salaries paid by a local union...
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16-25-10.12
Section 16-25-10.12 Officers and employees of Alabama Higher Education Partnership, Inc.; contributions;
creditable service. (a) The governing body of the Alabama Higher Education Partnership, Inc.,
by resolution legally adopted to conform to the rules prescribed by the Board of Control of
the Teachers' Retirement System, may elect to have its officers and employees, from whatever
source and in whatever manner paid, become eligible to participate in the Teachers' Retirement
System subject to all rules, regulations, and conditions thereof. (b) The governing body of
the Alabama Higher Education Partnership, Inc., having made an election by resolution pursuant
to subsection (a), may have its employees and officers participate in, and be entitled to,
all benefits of the Teachers' Retirement System. Where contributions are made from salaries
paid by the Alabama Higher Education Partnership, Inc., the Alabama Higher Education Partnership,
Inc., shall pay the employer cost, calculated as a...
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16-25-41
Section 16-25-41 Persons whose date of retirement is prior to October 1, 1987 or beneficiaries
of deceased members or retirees entitled to cost-of-living increases - Additional adjustments.
In addition to the foregoing amount an additional cost-of-living adjustment is provided effective
October 1, 1989 as follows: (1) One dollar per month for each year of service attained by
said retiree for each retiree selecting the maximum retirement allowance or Option 1. (2)
One dollar per month for each year of service attained by said retiree reduced by the retiree's
option election factor for each retiree selecting Options 2, 3 or 4. (3) One dollar per month
for each year of service attained by said deceased member or deceased retiree reduced by the
survivor's option factor for each beneficiary receiving monthly benefits from the Teachers'
Retirement System. (Acts 1988, No. 88-600, p. 932, ยง2.)...
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36-27-130
Section 36-27-130 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. Commencing October 1, 1996, each person, except those whose
employer participated in the Employees' Retirement System pursuant to Sections 36-27-6, 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 or is entitled
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 twenty-five dollars ($25) per month and the increase
shall be more if determined as follows: (1) Two...
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36-27-17
Section 36-27-17 Redetermination of allowances due on or after October 1, 1975. (a) All retirement
allowance payments due on or after October 1, 1975, to members who retired prior to said date
shall be redetermined as if the provisions of Acts 1975, No. 1103, amending Section 36-27-1,
were in effect at the time the member retired; provided, that the annual retirement allowance
of any member not employed as a state policeman who retired on or before January 1, 1956,
shall not be less than $79.20 multiplied by the number of years of his creditable service
not in excess of 30 years, in the case of service retirement, or $59.40 multiplied by the
number of years of his creditable service not in excess of 30 years, in the case of disability
retirement. Any increase provided in the retirement allowance payment under this section for
a member who retired under the provisions of any optional benefit elected pursuant to subsection
(d) of Section 36-27-16 shall accrue only to the retired member,...
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36-27-120
Section 36-27-120 Amount of increase - Persons other than persons whose employer participated
in Employees' Retirement System. (a) Commencing October 1, 1994, each person, except those
whose employer participated in the Employees' Retirement System pursuant to Sections 36-27-6,
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, 1994, and who is receiving or
is entitled to receive a monthly allowance from the Employees' Retirement System, shall receive
a cost-of-living increase of not less than twenty-five dollars ($25) per month and the increase
shall be more if determined by computing the sum of the following three factors: (1) Two and
one-half (2.5) percent of the individual's current gross monthly benefit, including all previous
increases. (2) One dollar and fifty cents ($1.50) for each year of creditable service in covered
employment prior to retirement. (3) One dollar ($1) for...
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