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45-37A-51.10
Section 45-37A-51.10 Transfer of assets and powers. This section is added to this subpart to
transfer all assets and powers of the City of Birmingham Firemen's Pension and Relief Fund
created and provided by Act 389, 1935 Regular Session (Acts 1935, p. 847), as amended and
restated by Act 307, 1943 Regular Session (Acts 1943, p. 264), as amended by Act 632, 1967
Regular Session, (Acts 1967, p. 1441) to the City of Birmingham Firemen's and Policemen's
Supplemental Pension System and to repeal all laws, in conflict herewith. No pension benefits
or obligations under the Firemen's Pension and Relief Fund provided by Act 389, 1935 Regular
Session (Acts 1935, p. 847), as amended and restated by Act 307, 1943 Regular Session (Acts
1943, p. 264), as amended by Act 632, 1967 Regular Session (Acts 1967, p. 1441), [shall inure
to any participants, beneficiaries or retirees of the Supplemental Pension System. Section
6 of Act 632, 1967 Regular Session (Acts 1967, p. 1441), as amended], which...
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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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26-16-30
Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children's Trust
Fund is created as a separate fund in the State Treasury. The function of the Children's Trust
Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and as an investment
account for the earnings and funds received by the Child Abuse and Neglect Prevention Board
pursuant to Sections 26-16-8, 26-16-31, and 26-16-30(e). (b) The State Treasurer shall credit
to the trust fund all amounts appropriated for this purpose under this article and any amounts
received under Section 26-16-8. (c) The State Treasurer shall invest trust fund money in the
same manner as funds are invested pursuant to Section 16-33C-6. Earnings shall be credited
to the trust fund. (d) A separate revenue trust account in the State Treasury is created to
be known as the Child Abuse and Neglect Prevention Board Operations Fund which shall serve
as the administrative fund for the Children's Trust Fund and the...
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45-37A-51.161
Section 45-37A-51.161 Exception to general rule. (a) Anything herein to the contrary notwithstanding,
no member of the pension system provided by the following legislation, if such legislation
is applicable to the city, shall be a member of the system: (1) The Policemen's Pension and
Relief Plan provided by Act 502 of the 1923 Session of the Legislature of Alabama, as amended
or codified. (2) The Firemen's Pension and Relief Plan provided by Act 307 of the 1943 Session
of the Legislature of Alabama, as amended (Acts 1943, p. 264). (3) The Limited Policemen's
Retirement and Relief System provided by Act 470 of the 1955 Regular Session of the Legislature
of Alabama, as amended (Acts 1955, p. 1067). (4) Limited Firemen's Pension and Relief System
provided by Act 217 of the 1966 Special Session of the Legislature of Alabama, as amended
(Acts 1966, p. 280). (b) No person who may enter the service on or after September 19, 1939,
whether in the police or fire department or not, shall become a...
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5-12A-6
Section 5-12A-6 Control of investments by instrument under which trust institution acts. If
the instrument under which a trust institution acts as fiduciary, whether such fiduciary capacity
arose before or is created after July 8, 1943, shall either expressly or by its silence limit
or restrict the investment of moneys of the estate and securities to the class authorized
by law as legal investments, the trust institution may, in its capacity as sole fiduciary
or with the consent of any person acting with it in a fiduciary capacity, invest and reinvest
moneys of the estate in any such common trust fund maintained by the trust institution or
by an affiliated trust institution, provided, the securities composing such fund consist solely
of securities of the class authorized as legal investments for funds held by a fiduciary.
If the instrument under which the trust institution acts as fiduciary, whether such fiduciary
capacity arose before or is created after July 8, 1943, shall authorize...
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16-25-45
Section 16-25-45 Appropriations; funding for benefits. (a) There is hereby appropriated from
the Education Trust Fund to the Teachers' Retirement System of Alabama $7,276,740 for the
fiscal year beginning October 1, 1988, or such amounts as are necessary to carry out the provisions
of this section as it relates to the Teachers' Retirement System. (b) There is hereby appropriated
from the Education Trust Fund to the Employees' Retirement System $22,500 for the fiscal year
beginning October 1, 1988, or such amounts as are necessary to carry out the provisions 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...
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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...
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45-28A-42.05
Section 45-28A-42.05 Rules and regulations. The civil service board shall make rules and regulations
to carry out the purpose of this subpart, and for examinations, appointments, and removals
in accordance with its provisions and the board may, from time to time, make changes in the
existing rules. The chief of police and the chief of the fire department shall, from the membership
of their respective departments, recommend for promotion such person or persons as the occasion
may call for to fill any vacancy or vacancies that may occur in the respective departments,
and all such vacancies shall be filled and all such promotions shall be made by the civil
service board. The board may make rules and regulations relating to the eligibility for promotion.
The chief of the police department and the chief of the fire department shall have authority
in their respective departments to demote any member of the respective departments by and
with the consent and approval of the civil service...
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45-37-123.104
Section 45-37-123.104 Withdrawal and refund of employee contributions. The following provisions
generally govern a member's withdrawal and refund of employee contributions under the plan.
Any member who fails to make application for the amount of his or her employee contributions
pursuant to this section within five years after his or her separation from the service of
the county, except as otherwise provided herein or otherwise determined by the pension board,
shall be deemed to have forfeited and donated such employee contributions to the trust fund
pursuant to Section 45-37-123.83. The foregoing five year rule only applies to a member; in
the case of a beneficiary, the pension board may only forfeit employee contributions after
it has exhausted reasonable efforts to locate the beneficiary. (1) WITHDRAWAL OF EMPLOYEE
CONTRIBUTIONS BY MEMBERS NOT ENTITLED TO A DEFERRED RETIREMENT BENEFIT. In the event that
a member ceases to be an employee of the county for reasons other than...
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45-37A-411
Section 45-37A-411 Sale of gas and water distribution systems; trust fund. (a) In the event
the Utilities Board of the City of Pleasant Grove or the City of Pleasant Grove should receive
proceeds from the sale of its gas and water distribution systems, there shall be established
an investment fund named Pleasant Grove Gas and Water Systems Sale Investment Fund. This fund
shall receive money from other sources in addition to that received from the sale of the gas
and water systems. (b) The trust fund shall be invested in any legal investments authorized
by state law, including securities, warrants, bonds, bank accounts, and other investments
that have been declared as legal investments for publicly held funds. The interest in the
trust fund may be expended or used for any lawful purpose. Up to 10 percent of the principal
in the trust fund may be expended each year for the purchase, repair, and replacement of municipal
infrastructure and equipment. All expenditures from the fund shall be...
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