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45-8A-22.131
Section 45-8A-22.131 Warrants for payment of money. All monies ordered to be paid from the
trust shall be paid by the secretary-treasurer only upon warrants signed by two members of
the retirement board and countersigned by the secretary-treasurer. No warrant shall be drawn
on the trust except by order of the retirement board, which order shall be duly and regularly
entered in the record of the proceedings of the retirement board. (Act 2012-484, p. 1349,
§32.)...
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41-15C-1
Section 41-15C-1 Creation; funding and distribution. (a) There is hereby created the Alabama
Senior Services Trust Fund as a separate fund in the State Treasury. The trust fund shall
be administered by the Secretary/Treasurer of the Retirement Systems of Alabama, which shall
be entitled to a reasonable fee for the administration. All investments shall be made pursuant
to the same authority and restrictions that apply to the investment of funds of the Retirement
Systems of Alabama. (b) Funding to the Alabama Senior Services Trust Fund shall be from the
distribution of tobacco settlement proceeds as enacted in Division 1 of Article 17 of Chapter
10 of this title. Distributions to the trust fund shall be made each fiscal year that the
state receives proceeds from the tobacco settlement. (c) Earnings in the trust fund shall
not be subject to appropriation until the Legislature includes an appropriation in the general
appropriations act from the trust fund to the Department of Senior...
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45-28A-42.76
Section 45-28A-42.76 Participation in Employees' Retirement System. (a) The City Council of
the City of Gadsden, Alabama, and the Board of Trustees of the Policemen's and Firemen's Retirement
Fund of the City of Gadsden may elect by resolution to have the employees of the fire and
police departments of Gadsden participate as a local unit in the Employees' Retirement System
and to transfer to that system all assets and liabilities of the fund and any other funding
required by the Employees' Retirement System for such participation pursuant to Section 36-27-6.
(b) Upon the date of acceptance by the Employees' Retirement System of the members of the
Policemen's and Firemen's Retirement System of the City of Gadsden as members of the Employees'
Retirement System, any provisions of Sections 45-28A-42.50 to 45-28A-42.75, inclusive, relating
to the establishment of a Policemen's and Firemen's Retirement Fund of the City of Gadsden,
which are in conflict with Section 36-27-6, are hereby...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.76.htm - 1K - Match Info - Similar pages
12-18-51
Section 12-18-51 Right of election of judges of county courts or full-time municipal court
judges entitled to receive commissions as district judges to come under provisions of Article
1 of chapter; filing of notice of election with Clerk of Supreme Court, Secretary-Treasurer
of Judicial Retirement Fund and governing body of county or municipality; applicability of
provisions of Article 1 of chapter to district court judges elected or appointed to office
after October 10, 1975. (a) Each judge of a county court or full-time municipal court judge
entitled to receive a commission as a district judge pursuant to the Constitution shall have
a right to elect to come under the provisions of Article 1 of this chapter in accord with
the provisions of this article, but a full-time municipal court judge shall not be entitled
to credit to determine eligibility for retirement under Section 12-18-55 for any service prior
to such election. (b) Such election shall be made by written notice filed...
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36-27A-2
Section 36-27A-2 Creation; administered by board of control, etc.; composition of board. There
is hereby created a fund or funds which shall be known collectively as the Public Employees'
Individual Retirement Account Fund (PEIRAF). The PEIRAF shall be administered by the Secretary-Treasurer
of the Employees' Retirement System under the supervision and direction of a board of control
which shall be composed of members of the investment committees of the Teachers' and Employees'
Retirement Systems of Alabama. (Acts 1982, 2nd Ex. Sess., No. 82-776, p. 278, §2; Acts 1986,
Ex. Sess., No. 86-685, p. 80, §2.)...
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45-28A-42.56
Section 45-28A-42.56 Recordkeeping. The board of trustees or custodian of funds designated
by the board shall make a monthly report to the governing body of the city employing such
policemen and firemen concerning the condition of such policemen's and firemen's retirement
fund. The board of trustees shall keep minutes of every meeting in a well bound book designed
for that purpose which minute book shall be available to any contributing member of the police
department or fire department on his or her request. Each six months the board of trustees
shall post in a conspicuous place in each police station and each fire station in the city
a statement itemizing all receipts, disbursements, expenditures, and pensions paid by the
board for the preceding six months' period, stating in detail the source of such receipts,
and to whom all such expenditures, disbursements, and pension payments were made, together
with the amount of each. All such records shall be available to any contributing...
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45-28A-42.61
Section 45-28A-42.61 Mandatory retirement. The board of trustees shall have the power and authority
and it is hereby made mandatory that it shall retire from service in the police and fire departments
of any city to which this subpart applies any member thereof, who has attained the age of
65 years, and the board of trustees shall direct the payment to such retired member, monthly,
from the fund, the amount of money hereinafter provided for his or her particular position,
office, salary, or class of work. (Act 80-442, p. 674, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.61.htm - 848 bytes - Match Info - Similar pages
16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued hereunder
by a county or city board of education shall be payable solely from the county or city board
of education's apportioned share of the proceeds of the special tax in respect of which they
were issued, but this shall not prohibit their payment from any other funds which may be available
therefor under any other provision of law; provided, that in no event shall such warrants
be payable from such other funds if the effect thereof would be to subject such warrants to
any constitutional debt limit or to any constitutional requirement that they be authorized
by vote of the qualified voters. All warrants issued hereunder shall be preferred claims against
the county or city board of education's apportioned share of said tax as herein provided.
All valid pledges of the said tax heretofore made, whether made to secure warrants or otherwise,
shall remain valid and effective, and successive pledges...
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45-28A-42.52
Section 45-28A-42.52 Composition; compensation. The board of trustees of the policemen's and
firemen's retirement fund shall be composed of seven members consisting of the chief of the
police department, the chief of the fire department, a retired police officer, a retired member
of the fire department, a police officer, a member of the fire department, and a person with
financial or investment experience appointed by the Mayor of Gadsden and subject to the approval
of the Gadsden City Council. All persons appointed shall serve for four-year terms. The board
shall elect its own chair from its membership. The chair shall serve a two-year term and shall
serve until a successor is elected. The board members shall serve without compensation. (Act
80-442, p. 674, §3; Act 96-414, p. 521, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.52.htm - 1K - Match Info - Similar pages
16-25-62
Section 16-25-62 Appropriation; funding for benefits. (a) There is hereby appropriated from
the Education Trust Fund to the Teachers' Retirement System of Alabama $13,878,629.00 for
the fiscal year beginning October 1, 1990. In addition to the appropriation provided herein
any available amounts from the existing funds of the Teachers' Retirement System which may
be expended without increasing the unfunded accrued liability of the Teachers' Retirement
System, as determined by the system's actuary, or any other appropriation to the Teachers'
Retirement System for the fiscal year beginning October 1, 1990, may be allocated and expended
by the Secretary-Treasurer to partially fund the benefits provided herein for the fiscal year
beginning October 1, 1990. In the event that funding from the Teachers' Retirement System
is utilized to fund a portion of the benefits provided herein for the fiscal year beginning
October 1, 1990 and in the further event that unencumbered funds shall be available...
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