36-27-12
Section 36-27-12 Transfer of service credits, etc., from Teachers' Retirement System of Alabama.
(a) Any member of the Employees' Retirement System who, not more than one year prior to becoming
a member of the employees' retirement system, was a member of the Teachers' Retirement System
of Alabama may elect to transfer to the Employees' Retirement System his service credits in
said Teachers' Retirement System, as provided in this section. (b) Any such member so desiring
to transfer such service credits shall notify the Board of Control of the Employees' Retirement
System after he becomes a member of the employees' 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 Teachers' Retirement System to the Annuity Savings Fund of the Employees'
Retirement System. (c) The Board of Control of the Teachers' Retirement System shall thereupon
certify to the Board of Control of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-12.htm - 3K - Match Info - Similar pages

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

36-27-55.5
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

36-27-56.1
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

36-27-57.2
Section 36-27-57.2 Purchase of credit for prior service rendered in office of local district
attorney or as court reporter, or both. (a) An active and contributing member of the Employees'
Retirement System who has been a member of the system for at least 10 years, may claim and
purchase credit not to exceed six years in the retirement system for prior service rendered
while employed in a program in the office of a local district attorney which was a nonparticipant
in the retirement system during the period of the prior service or for prior service rendered
as an official court reporter when court reporters were not allowed to participate in the
retirement system, or for both. The prior service credit may be purchased if the member has
not received credit for the prior service claimed in any public pension system or as a supernumerary
and the member complies with the provisions set forth in subsection (b). (b) Each person eligible
to claim and purchase credit for any prior service...
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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'...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-49.2.htm - 2K - Match Info - Similar pages

36-27-54
Section 36-27-54 Purchase of credit by certain employees of Alabama State Docks Terminal Railway;
waiver of federal railroad retirement benefits; termination date. (a) Any law to the contrary
notwithstanding, any member of the Employees' Retirement System of Alabama who has 10 or more
years of creditable service in the Employees' Retirement System of Alabama immediately prior
to October 1, 1990 and who is employed by the State of Alabama at the time this bill becomes
law, may hereby claim and purchase credit within the Employees' Retirement System of Alabama
for all the time which such member has served as an employee of the Alabama State Docks and
was paid through the Alabama State Docks Terminal Railway payroll and for which he is not
otherwise eligible for credit in the Employees' Retirement System or any other retirement
plan funded in whole or in part by the state except under the United States Social Security
Act. (b) Any member eligible to claim and purchase such credit for...
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36-27-55.7
Section 36-27-55.7 Purchase of credit for prior service with U. S. Department of Agriculture
Farm Service Agency. (a) Any active and contributing member of the Teachers' Retirement System
or the Employees' Retirement System who has 10 years or more of credible service in either
system may claim and purchase service credit in the system for up to 10 years of prior service
for employment as an employee with the United States Department of Agriculture Farm Service
Agency if the member complies with the conditions prescribed in subsection (b). 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) Any member who is eligible to purchase service credit pursuant to subsection (a) shall
pay to the Secretary-Treasurer of the system, by May 23, 2013, the full actuarially determined
cost for each year of claimed service as determined by the system's...
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36-27-58
Section 36-27-58 Purchase of credit for time on maternity leave. (a) Notwithstanding any other
laws, an active and contributing member of the Employees' Retirement System may purchase service
credit in the system not to exceed one year for any period of time while he or she was on
maternity leave from service without pay. The Board of Control of the Employees' Retirement
System shall adopt rules and regulations for the administration of this section including
verification of the service that the member desires to purchase credit for 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 that the member
is already credited with in the system or in any other retirement plan, with the exception
of the federal Social Security program. (b) Any member who is...
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