|
25-4-10
Section 25-4-10 Employment. (a) Subject to other provisions of this chapter, "employment"
means: (1) Any service performed prior to January 1, 1978, which was employment as defined
in this section prior to such date and, subject to the other provisions of this section,
services performed for remuneration after December 31, 1977, including service in interstate
commerce, by: a. Any officer of a corporation; or b. Any individual who, under the usual common
law rules applicable in determining the employer-employee relationship, has the status of
an employee; or c. Any individual other than an individual who is an employee under paragraphs
a. or b. of this subdivision (1) who performs services for remuneration for any person: 1.
As an agent-driver or commission-driver engaged in distributing meat products, bakery products,
beverages (other than milk) or laundry or dry cleaning services for a principal; 2. As a traveling
or city salesman engaged upon a full-time basis in the solicitation on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-10.htm - 38K - Match Info - Similar pages
19-3B-1304
Section 19-3B-1304 Trusts for employees or self-employed persons. (a) A trust of real
or personal property or real and personal property combined: (1) which is created by an employer
as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing
plan, for the exclusive benefit of some or all his or her employees, to which contributions
are made by such employer or employees, or both, for the purpose of distribution to such employees
the earnings of the principal, or both earnings and principal of the fund so held in trust;
or (2) which is created by a self-employed person or group of self-employed persons and: a.
which is part of a retirement, disability, or death benefit plan for such self-employed person
or persons; and b. contributions to which are deductible, in whole or in part, from gross
income for federal income tax purposes under the internal revenue laws of the United States;
or (3) which is created for the collective investment of the funds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-1304.htm - 3K - Match Info - Similar pages
45-8A-22.102
Section 45-8A-22.102 Powers and duties of the retirement board.. (a) The retirement
board shall be responsible for the general administration and proper operation of the plan
and shall administer the plan for the exclusive benefit of participants and their beneficiaries,
subject to the terms of the plan. The retirement board shall administer the plan in accordance
with its terms and shall have the power and discretion to construe the terms of the plan and
this subpart and to determine all questions arising in connection with the administration,
interpretation, and application of the plan. Any such determination by the retirement board
shall be conclusive and binding upon all persons. (1) The retirement board shall have all
powers necessary or appropriate to accomplish the retirement board's duties under the plan,
including, but not limited to, the following: a. To determine all questions relating to the
eligibility of a sworn police officer or a sworn firefighter of the City of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.102.htm - 3K - Match Info - Similar pages
16-33C-6
Section 16-33C-6 PACT Program generally. (a) The PACT Program is established as one
college savings alternative under the plan whereby purchasers enter into PACT contracts for
the future payment of tuition and mandatory fees at eligible educational institutions. The
PACT Program includes the PACT Trust Fund and the PACT Administrative Fund created pursuant
to this chapter. (b) The official location of the trust fund shall be the State Treasurer's
office, and the facilities of the State Treasurer shall be used and employed in the administration
of the fund including, but without limitation thereto, the keeping of records, the management
of bank accounts and other investments, the transfer of funds, and the safekeeping of securities
evidencing investments. The PACT Trust Fund is hereby created as the source for payment of
the PACT Program's obligations under PACT contracts. The amounts on deposit in the PACT Trust
Fund shall not constitute property of the state, and the state may have no...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33C-6.htm - 5K - Match Info - Similar pages
45-37-123.131
Section 45-37-123.131 Maximum annual benefit. (a) Notwithstanding the foregoing and
subject to the exceptions and adjustments below, effective for limitation years ending after
December 31, 2001, the annual benefit otherwise payable to a member under the plan at any
time shall not exceed the maximum annual benefit, and if the benefit a member would otherwise
accrue in a limitation year would produce an annual benefit in excess of the maximum annual
benefit, the benefit shall be limited, or the rate of accrual reduced, to a benefit that does
not exceed the maximum annual benefit. The maximum annual benefit payable to a member under
the plan in any limitation year shall equal the defined benefit dollar limitation. The defined
benefit dollar limitation is one hundred sixty thousand dollars ($160,000), as adjusted, effective
January 1 of each year, under § 415(d), Internal Revenue Code, in such manner as the secretary
shall prescribe, and payable in the form of a straight life annuity....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.131.htm - 5K - Match Info - Similar pages
45-37-123.54
Section 45-37-123.54 Rehired members. If a member of the system severs employment with
the county or his or her term in an elected or appointed job or position terminates, and such
member thereafter returns to the service of the county, he or she shall become a member of
the system to the extent he or she meets the definition of an eligible employee, subject to
the following rules: (1) MEMBER RECEIVING A PENSION BENEFIT. If a member is receiving his
or her pension benefit on account of retirement and such member returns to the service of
the county, any amount otherwise payable by the system to such member on account of such member's
retirement shall be reduced by the amount, if any, paid or payable to such member by the county
on account of or by reason of the reemployment of such member. At the time the member thereafter
severs employment with the county, such member's pension benefit shall return to the amount
it was prior to the member's reemployment. Accordingly, notwithstanding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.54.htm - 3K - Match Info - Similar pages
45-37-123.26
Section 45-37-123.26 Payment of expenses. All payment of benefits, expenses of administration,
and any other expenses arising hereunder, may be paid by the pension board out of the trust
fund, unless otherwise paid by the county. Such expenses shall include any expenses incident
to the functioning of the pension board, or any person or persons retained or appointed by
any fiduciary incident to the exercise of their duties under the plan, including, but not
limited to, fees of accountants, counsel, investment managers, and other specialists and their
agents, and other costs of administering the plan. Until paid, the expenses shall constitute
a liability of the system. (Act 2013-415, p. 1586, §2:2.7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.26.htm - 1019 bytes - Match Info - Similar pages
45-8A-22.127
Section 45-8A-22.127 Exclusive use of assets of the trust; vesting; forfeitures. (a)
Trust Assets May Not Be Diverted. The assets of the trust shall be held for the exclusive
benefit of the participants and their beneficiaries. It shall not be possible for any part
of the corpus or income of the trust or any funds contributed thereto to be used for, or diverted
to, purposes other than the exclusive benefit of such participants or their beneficiaries,
whether by operation or natural termination of the trust, by power of revocation or amendment,
by the happening of a contingency, by collateral arrangement, or by other means. No benefits
payable as set forth in the plan shall be assignable or be subject to execution, levy, attachment,
garnishment, or other legal process. Accordingly, the plan shall not recognize any domestic
relations order attempting to provide a participant's benefits, or any portion thereof, to
an alternate payee. (b) Vesting. The retirement benefit earned by a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.127.htm - 2K - Match Info - Similar pages
31-10-3
Section 31-10-3 Tuition reimbursement authorized for eligible members of National Guard.
Subject to the annual appropriation in the annual Education Trust Fund Appropriation Act,
provided such annual appropriations shall not exceed $10,000,000, the Alabama Commission on
Higher Education is hereby authorized to pay or reimburse the qualifying tuition for any active
member of the Alabama National Guard who is enrolled in a program leading to the associate,
baccalaureate, masters, or doctorate degree in an accredited institution of higher learning,
community or technical college within the State of Alabama. Such payments or reimbursements
shall be made timely at the end of each academic quarter or semester for all tuition reimbursements,
and shall be made on the basis of certified invoices submitted by such institution or school
to the Alabama Commission on Higher Education, and shall be supported by names of the students
receiving such benefits, together with the amounts claimed for each...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-10-3.htm - 3K - Match Info - Similar pages
45-37-123.80
Section 45-37-123.80 Payment of contributions and employer contributions. (a) Employer
contributions. Each payroll period, an amount equal to the total of all members' employee
contributions that is deducted from the members' compensation pursuant to Section 45-37-123.82
shall be contributed by the county and shall be paid into the trust fund. (b) Employer contributions
upon reinstatement from qualified military service. If any member leaves the service of the
county for the purposes of performing qualified military service and shall have been reinstated
to the service of the county within 90 days after such member's separation from such qualified
military service, then the county shall promptly pay into the trust fund an amount equal to
twice the employee contribution which the employee would have made if he or she had not been
absent on such leave, and if his or her compensation had continued to be the same as he or
she was earning at the time of the commencement of the leave;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.80.htm - 1K - Match Info - Similar pages
|