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16-25-3.1
Section 16-25-3.1 Purchase of credit for service by members age 61 or older at time of employment.
Any member of the Teachers' Retirement System of Alabama who was prohibited from participating
in the Teachers' Retirement System because such member was age 61 or older at the time of
his employment may purchase credit for any such service including service subsequent to July
1, 1988, for which the member would have been eligible for coverage except for his age, provided
that such member shall pay to the Secretary-Treasurer of the Teachers' Retirement System within
one year after October 1, 1989, a sum equal to the total contributions which he would have
made as a member during the period of such employment plus eight percent interest on such
total contributions compounded annually from the date of such service. (Acts 1989, No. 89-695,
p. 1370, ยง3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-3.1.htm - 1K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
16-25-13.3
Section 16-25-13.3 Purchase of credit for prior service in particular nursing program at Walker
College. (a) Any active and contributing member of the Teachers' Retirement System may claim
and purchase credit in the system not to exceed seven years for prior service as a director
of nursing in a nursing program at Walker College between January 1, 1981, and December 31,
1987, while the program was conducted jointly at the time between Walker College and Walker
State Technical College. The certification of prior service claimed under this section shall
conform to applicable administrative rules and procedures of the Teachers' Retirement System.
Members shall receive credit for the prior service when they remit to the system the contributions
required by subsection (b). No member shall receive credit for any service that the member
is already credited within the system or any other public retirement plan, with the exception
of the federal Social Security program. (b) Any member who is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-13.3.htm - 1K - 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
45-37A-51.198
Section 45-37A-51.198 Purchase of credit for prior unclassified service. (a) Any employee member
having been a full-time employee in the unclassified service of the city, prior to January
1, 1989, as a common laborer for less than 10 years, shall have had the election options available
under the terms of subsection (d) of Section 45-37A-51.162 and Section 45-37A-51.163 and shall
have purchased time not later than May 15, 1989. In the case of reemployment of an unclassified
employee, such employee with unclassified time prior to January 1, 1989, and having received
a return of contributions at his or her termination of prior employment, may purchase this
creditable service time as otherwise provided in Section 45-37A-51.195. The city shall pay
an amount equal to the employee's total cost of purchase for prior credited service into the
fund for the city's contribution for the period of service. (b) To receive credit in the system
for such prior unclassified service, the employee member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.198.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
36-27-4
Section 36-27-4 Membership - Generally; denial of membership; absence from service; military
service. (a) The membership of the retirement system shall be composed as follows: (1) All
persons who shall become employees after October 1, 1945, shall become members of the retirement
system as a condition of their employment. (2) Any person who is an employee on October 1,
1945, shall become a member as of that date unless, within a period of 90 days next following,
such employee shall file with the Board of Control on a form prescribed by the board a notice
of his or her election not to be covered in the membership of the system and a duly executed
waiver of all present and prospective benefits which would otherwise inure to him or her on
account of his or her membership in the retirement system. (3) An employee whose membership
in the retirement system is contingent on his or her own election and who elects not to become
a member may thereafter apply for and be admitted to membership...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-4.htm - 9K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-41.htm - 3K - Match Info - Similar pages
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
12-18-110
Section 12-18-110 Transfer of contributions and creditable service - Eligibility period; procedure.
(a) Any member of the Judicial Retirement Fund, who, not more than one year prior to becoming
a member of the Judicial Retirement Fund, was a member of the Employees' Retirement System
of Alabama or the Teachers' Retirement System of Alabama may elect to transfer to the Judicial
Retirement Fund his or her creditable service and accumulated contributions in the Employees'
or Teachers' Retirement System, as provided in this article. (b) Any member desiring to transfer
any creditable service and contributions shall notify the Board of Control of the Employees'
Retirement System within one year after he or she becomes a member of the Judicial Retirement
Fund, or, if a member of the fund on May 19, 1993, then, within one year after May 19, 1993,
of his or her election to transfer the creditable service and shall authorize transfer of
the amount of his or her accumulated contributions to his...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-110.htm - 1K - Match Info - Similar pages
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