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16-25C-9
Section 16-25C-9 Relation to other retirement provisions. Nothing in this chapter shall
limit or otherwise lessen the State of Alabama's, current or future, obligation to fund the
Employees' Retirement System, the Teachers' Retirement System, or the Judicial Retirement
Fund. The provisions of this chapter, in whole or in part, may not be used to allow a person
otherwise covered under the Retirement Systems of Alabama to opt out or otherwise cease participation
in the Employees' Retirement System, the Teachers' Retirement System, or the Judicial Retirement
Fund. The State of Alabama or any political subdivision thereof may not substitute or cause
to be substituted this Employee Savings Plan or any other defined contribution plan for the
state retirement defined benefit plan that currently exists in the Employees' Retirement System,
the Teachers' Retirement System, or the Judicial Retirement Fund. (Act 2001-704, p. 1562,
§3.)...
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36-27C-9
Section 36-27C-9 Relation to other retirement provisions. Nothing in this chapter shall
limit or otherwise lessen the State of Alabama's, current or future, obligation to fund the
Employees' Retirement System, the Teachers' Retirement System, or the Judicial Retirement
Fund. The provisions of this chapter, in whole or in part, may not be used to allow a person
otherwise covered under the Retirement Systems of Alabama to opt out or otherwise cease participation
in the Employees' Retirement System, the Teachers' Retirement System, or the Judicial Retirement
Fund. The State of Alabama or any political subdivision thereof may not substitute or cause
to be substituted this Employee Savings Plan or any other defined contribution plan for the
state retirement defined benefit plan that currently exists in the Employees' Retirement System,
the Teachers' Retirement System, or the Judicial Retirement Fund. (Act 2001-704, p. 1562,
§3.)...
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36-26-121
Section 36-26-121 Annual itemized statement of employee and retirement benefits, and
total employer contributions to retirement systems and health insurance plans. (a) As used
in this article, the following words have the following meanings: (1) EMPLOYEE BENEFIT. Any
benefit a public employee received or accrued from his or her employer, including, but not
limited to, salary or wages; insurance; allowance for days off such as vacation, holidays,
sick leave, or personal days; and contributions toward retirement or pension benefits. (2)
HEALTH INSURANCE PLAN. Either of the following health insurance plans as it applies to an
individual public employee or retiree: a. The State Employees' Health Insurance Plan. b. The
Public Education Employees' Health Insurance Plan. (3) RETIREE. A retiree or a beneficiary
of a deceased retiree who receives an employee benefit or pension benefit from a retirement
system, as defined in this section. (4) RETIREMENT SYSTEM. One of the following as
it applies...
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36-29-1
Section 36-29-1 Definitions. When used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
BOARD. The State Employees' Insurance Board. (2) CLASS. An employee or retiree shall be included
in one of the following classes: (i) active employee single, (ii) active employee family,
(iii) non-Medicare retiree single, (iv) non-Medicare retiree family, (v) Medicare retiree
single, (vi) Medicare retiree family, (vii) non-Medicare retiree with Medicare eligible dependent(s),
or (viii) Medicare retiree with non-Medicare dependent(s). (3) EMPLOYEE. A person who works
full time for the State of Alabama or for a county health department and who receives his
or her full compensation on a monthly basis through means of a state warrant drawn upon the
State Treasury or by check drawn by the Treasurer of the Alabama State Port Authority or by
check drawn by the treasurer of the Alabama state agency for surplus property...
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36-26-14
Section 36-26-14 Deferred compensation plans for certain employees. (a) The personnel
board may adopt, establish, and maintain a deferred compensation plan or plans, except under
Internal Revenue Code Section 403 (b), for the employees of the State of Alabama or
any city, town, county, or public entity or corporation organized pursuant to the laws of
this state. Notwithstanding the foregoing, prior to the employees of a county or political
subdivision of the county participating in a plan, the employing county or political subdivision
of the county shall approve participation in the plan. The personnel board may include in
any such plan any provision that does not cause the plan to fail to qualify for its tax-favored
treatment under the United States Internal Revenue Code, including, but not limited to, participant
loans, unforeseeable emergency or hardship distributions, Roth deferrals, rollovers, transfers
to purchase service credit, and distributions to purchase a retired public...
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19-3B-508
Section 19-3B-508 Qualified trusts under the Internal Revenue Code. (a) As used in this
section: (1) ASSIGNMENT or ALIENATION, and any conjugation thereof, includes any anticipation,
assignment at law or in equity, alienation, attachment, garnishment, levy, execution, or other
legal or equitable process. The term includes: (i) any arrangement providing for the payment
to the employer or other sponsor of such plan of benefits that otherwise would be due the
participant under the plan; (ii) any direct or indirect arrangement, whether revocable or
irrevocable, whereby any person acquires from a participant or beneficiary of such plan a
right or interest enforceable against the plan in, or to, all or any part of a plan benefit
which is, or may become, payable to the participant or beneficiary; (iii) any attachment,
execution, seizure, or the like, or under any form of legal process whatsoever; and (iv) the
operation of any bankruptcy or insolvency laws under 11 U.S.C. § 522(b) as from...
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36-27-1
Section 36-27-1 Definitions. When used in this article, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
RETIREMENT SYSTEM. The Employees' Retirement System of Alabama as defined in Section
36-27-2. (2) EMPLOYEE. Any regular employee of the State of Alabama whose salary is paid by
state warrant by the state, except a member of the Legislature of the state, a person who
is covered or eligible to be covered under the Teachers' Retirement System of Alabama or any
other retirement system to which contributions are made by the state, an elective official
of the state government, and a temporary employee or person engaged under retainer or special
agreement. In all cases of doubt the Board of Control shall determine who is an employee within
the meaning of this article. The term shall include any regular employee of the Alabama state
hospitals and Partlow State School and Hospital and the Alabama State Port Authority,...
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36-27C-2
Section 36-27C-2 Definitions. As used in this chapter, the following terms have the
following meanings: (1) BOARD. The Board of Control of the Public Employees Defined Contribution
Savings Fund. (2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant
for the public service. (3) FUND. The Public Employees' Defined Contribution Savings Fund.
(4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee
contributions into a 457 deferred compensation or a 403(b) tax sheltered annuity plan, who
is not a public school employee and who meets any of the following requirements: a. Is a member
of the Teachers' Retirement System. b. Is a member of the Employees' Retirement System. c.
Is a member of the Judicial Retirement Fund. d. Is an employee of an employer eligible to
participate in the Employees' Retirement System pursuant to Section 36-27-6 which elects
to participate. e. Is a public official or public employee of the State of Alabama...
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40-18-19
Section 40-18-19 Exemptions - Generally. (a) The following exemptions from income taxation
shall be allowed to every individual resident taxpayer: (1) Retirement allowances, pensions
and annuities, or optional allowances, approved by the Board of Control of the Teachers' Retirement
System of Alabama, which exempt status is set out in Section 16-25-23. (2) Retirement
allowances, pensions and annuities or optional allowances, approved by the Board of Control
of the Employees' Retirement System of Alabama, which exempt status is set out in Section
36-27-28. (3) The first eight thousand dollars ($8,000) of any retirement compensation, retirement
allowances, pensions and annuities, or optional allowances, received by any eligible firefighter,
as defined in Sections 36-32-1 and 36-32-2, or his or her designated beneficiary, from any
firefighting agency established in the State of Alabama, but only if such retirement compensation,
retirement allowances, pensions and annuities, or optional...
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12-18-150
Section 12-18-150 (Effective November 8, 2016, subject to contingencies) Definitions.
When used in this article, the following terms shall have the following meanings, respectively,
unless the context clearly indicates otherwise: (1) ACCUMULATED CONTRIBUTIONS. The sum of
all the amounts deducted from the compensation of a member credited to his or her individual
account in the Judges' and Clerks' Plan, together with regular interest thereon. (2) ACTUARIAL
EQUIVALENT. A benefit of equal value when computed upon the basis of the mortality tables
adopted by the Board of Control and regular interest. (3) ANNUITY. Payments for life derived
from the accumulated contributions of a member. All annuities shall be payable in equal monthly
installments. (4) AVERAGE FINAL COMPENSATION. The average annual compensation of a judge or
clerk with respect to which he or she had made contributions pursuant to Section 12-18-152
during the five years in his or her last 10 years of membership service for...
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