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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
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, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-41.htm - 1K - Match Info - Similar pages
16-25-82
Section 16-25-82 Appropriations; funding for benefits. (a) There is appropriated from the Education
Trust Fund to the Teachers' Retirement System of Alabama $20,610,644 for the fiscal year beginning
October 1, 1993. (b) There is appropriated from the Education Trust Fund to the Employees'
Retirement System $38,320 for the fiscal year beginning October 1, 1993, to partially defray
the costs of this section as they relate to retired employees of local boards of education
and state institutions of higher education who are retired under the Employees' Retirement
System. (c) The Board of Control of the Teachers' Retirement System shall determine annually
the amount to pay the cost of the benefits provided in this article and shall notify the chief
fiscal officer of each employer the percentum rate of earnable compensation required to be
paid to the retirement system. Each employer of members of the Teachers' Retirement System
of Alabama shall pay on account of the increase provided in this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-82.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
41-29-284
Section 41-29-284 Employees. All individuals serving as employees of AIDT immediately prior
to the date determined pursuant to Section 41-29-6, shall remain employees of AIDT. The salary
and benefits of such AIDT employees shall not be changed solely as a result of this division.
All AIDT employees shall receive compensation determined by the director and approved by the
Secretary of Commerce and shall continue to be exempt from the provisions of the state Merit
System Law and tenure laws with respect to the method of selection, classification, compensation,
and termination of state employees. All AIDT employees shall remain subject to the AIDT policies
and procedures existing immediately prior to the date determined pursuant to Section 41-29-6,
unless and until such policies are modified or amended by written amendment approved by the
Secretary of Commerce. (Act 2013-118, p. 240, §1; §41-9-1084; amended and renumbered by
Act 2015-450, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-284.htm - 1K - 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
36-27-48
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
36-27-50
Section 36-27-50 Temporary legislative employees covered by retirement system and health insurance
plan; limitations; procedure; purchase of prior service. (a) Notwithstanding any provision
of this title to the contrary, any state employee who has worked during at least five regular
sessions of the Legislature since 1971 or any employee who has worked during five consecutive
regular sessions of the Legislature and who is termed "temporary employee" shall
be considered a full-time employee of the State of Alabama and may, at the option of the employee,
be covered as a member of the state Employees' Retirement System and the State Employees'
Health Insurance Plan. Notwithstanding the foregoing, coverage shall continue as if the person
is employed full time. The employee shall pay the full health insurance cost during the time
the employee is not on the legislative payrolls but remains eligible to continue employment
during the next regular or special session of the Legislature. During...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-50.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
40-18-293
Section 40-18-293 Alabama income and financial institution excise tax credit. (a) An Alabama
income and financial institution excise tax credit is hereby established for small businesses
that create new jobs paying more than ten dollars ($10) per hour. The credit shall equal one
thousand dollars ($1,000) and shall be available in the tax year during which the employee
has completed 12 months of consecutive employment. (b) The employer must have a net increase
in the total number of full time employees in Alabama on the last date of each tax year during
which employees are hired for which the employer claims a credit, over the number employed
in Alabama as of the last day of the tax year immediately preceding the first employment year.
The increase must equal or exceed the number of newly hired employees for which a credit is
sought by one employee for each newly hired employee for whom a credit is being sought for
the current year, plus one employee for all employees for whom credits...
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