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16-25-11.2
Section 16-25-11.2 Purchase of credit for legislative service; option to be exercised
and paid for by 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 Teachers' Retirement System of Alabama who has been credited
with at least 10 years of contributing membership service and, who has rendered full-time
service as a legislative employee may hereby claim and purchase credit for any such prior
full-time legislative service for which credit has not been granted in either the Teachers'
or Employees' Retirement System. (c) Any member eligible to claim and purchase credit for
service under subsection (b) hereof, shall be awarded such credit under the Teachers' Retirement
System of Alabama provided he shall pay to the Secretary-Treasurer of the Teachers'...
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45-49A-61
Section 45-49A-61 Supplemental retirement benefits. (a) This section shall apply
in all cities in this state which have a population of not less than 175,000 nor more than
275,000 according to the last or any subsequent federal decennial census. (b)(1) All employees
of any such city (except members of the police or fire departments thereof) who have heretofore
been covered by the benefits established by the provisions of Acts 1951, No. 773, Regular
Session 1951 (Acts 1951, p. 1342), as amended, and who by action of the city commission or
like governing body of such city become eligible to participate in the state employees pension
plan, shall be entitled to receive the following benefits from the city, to be calculated
as of the effective date of becoming eligible to participate in the state employees pension
plan: a. Any employee eligible for retirement, upon retiring or otherwise leaving the employ
of such city and becoming eligible to receive retirement benefits under Act 773, shall...
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36-26-36.1
Section 36-26-36.1 Conversion of unused sick leave into membership service for retirement
purposes. (a) Any Tier I plan member of the Teachers' or Employees' Retirement System of Alabama
not otherwise covered by a provision to convert unused sick leave into membership service
for purposes of service retirement may, at their option and in lieu of receiving payment for
50 percent of their accrued and unused sick leave at the time of their retirement as provided
in Section 36-26-36, or any other payment that may be provided for such unused sick
leave, use their accrued sick leave, up to a maximum number of 180 accrued sick leave days
or as otherwise allowed by law, whichever is greater, to be included as membership service
in determining the total years of creditable service in the Employees' Retirement System of
Alabama or the Teachers' Retirement System of Alabama; provided that no employee of an employer
participating in the Employees' Retirement System pursuant to Section 36-27-6...
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45-37A-51.243
Section 45-37A-51.243 Supplemental benefit. (a) In addition to the benefits described
herein for normal retirement, ordinary disability, and extraordinary disability, every participant
retired from city service or receiving a disability benefit immediately following having been
in the city service, which participant did not have active city service after July 1, 1989,
did not retire after July 1, 1990, or did not otherwise become eligible for a benefit calculated
at 2.25 percent, per year after July 1, 1990, shall have received after three years of retirement
or disability under this system an increase in monthly benefit in the amount of one hundred
fifty dollars ($150). Present and future surviving spouses or the survivors of the retirees,
who are not entitled to the 2.25 percent of the final average salary, shall have received
a monthly benefit increase in the amount of the percent of the one hundred fifty dollars ($150)
the surviving spouse or the survivor would normally be entitled...
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45-47-81
Section 45-47-81 Compensation - Judge of Probate. Effective with the term of office
beginning in January, 2019, the Judge of Probate of Marion County shall be compensated on
a salary basis paid in equal monthly installments from the general fund of the county. The
annual salary of the judge of probate shall be equal to 71 percent of the annual compensation,
based upon years of service, as shall from time to time be paid by the state to the Marion
County District Judge pursuant to law, along with retirement benefits and insurance benefits
as a Marion County official. (Act 2017-234, § 1; Act 2018-510, §1.)...
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27-15-78
Section 27-15-78 Calculations of adjusted premiums by the nonforfeiture net level premium
method. (a) This section shall apply to all policies issued on or after the operative
date of this section as defined herein. Except as provided in subsection (g), the adjusted
premiums for any policy shall be calculated on an annual basis and shall be such uniform percentage
of the respective premiums specified in the policy for each policy year, excluding extra premiums
on a substandard policy and also excluding any uniform annual contract charge or policy fee
specified in the policy in a statement of the method to be used in calculating the cash surrender
values and paid-up nonforfeiture benefits, that the present value, at the date of issue of
the policy, of all adjusted premiums shall be equal to the sum of: (1) The then present value
of the future guaranteed benefits provided for by the policy. (2) One percent of either the
amount of insurance, if the insurance be uniform in amount, or the...
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45-37A-51.225
Section 45-37A-51.225 Ordinary disability allowance. (a) In the event a participant,
after having accrued five or more years of credited service, shall become totally disabled
to perform his or her customary duties as an employee of the city and not be entitled to an
extraordinary disability allowance, he or she shall in such event be entitled to a monthly
ordinary disability allowance equal to two percent of such participant's final average salary
multiplied by his or her years of credited service at the date of disability. (b) Notwithstanding
anything to the contrary contained in this section, for all participants who first
become participants on or after July 1, 2017, in the event a participant, after having accrued
10 or more years of credited service, becomes totally disabled to perform his or her customary
duties as an employee of the city and who is not entitled to an extraordinary disability allowance,
he or she shall in that event be entitled to a monthly ordinary disability...
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12-18-10
Section 12-18-10 Retirement and disability benefits of justices of Supreme Court, judges
of courts of appeals and judges of circuit courts; payment of benefits to spouses upon death
of justices or judges; call to active duty status of retired justices or judges; powers, duties,
compensation, etc., of retired justices or judges on active duty status; transfer of justices
or judges from active to inactive status, etc. (a) The retirement benefit payable to a justice
of the Supreme Court or judge of one of the courts of appeals retiring pursuant to subdivision
(2), (3), (4) or (5) of subsection (a) of Section 12-18-6 shall be 75 percent of the
salary prescribed by law for the position from which he retires, payable monthly for the rest
of his life. Such benefit shall continue to be 75 percent of his salary prescribed by law
for such position and shall change in amount as such salary is hereafter increased or decreased
by law and shall not be subject to writs of attachment or garnishment....
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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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45-37A-51.05
Section 45-37A-51.05 Retirement and relief fund. (a) For the purpose of the deductions
from salary provided for in this section, the salary of a fireman or policeman shall
be deemed to be the same as his or her salary is for the purpose of payroll deductions provided
for in Section 9 of Act 929. (b)(1) At the end of each payroll period after the effective
date of this subpart, the City of Birmingham shall deduct from the salary of each firefighter
police officer who commenced service on or after May 2, 1978, an amount equal to three and
30/100 percent of his or her salary plus an actuarially determined amount to cover one-half
of the cost of providing a retirement benefit after 20 years of credited service. This amount
shall not exceed the amount necessary to fund the additional cost over a period of 30 years,
and shall be deposited into the supplemental pension system; provided, however, the city shall
not make any such deduction from the salary of any firefighter or police officer...
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