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45-37A-51.284
Section 45-37A-51.284 Actuarial assumptions. (a) Effective date. Except as provided by the
Pension Benefit Guaranty Corporation (PBGC) and the Internal Revenue Service, the limitations
of this section shall first apply in determining the amount payable to a participant having
an annuity starting date in a fiscal year beginning on or after January 1, 2008. (b) Applicable
interest rate. For purposes of the fund's provisions relating to the calculation of the present
value of a benefit payment that is subject to § 417(e), Internal Revenue Code, as well as
any other fund provision referring directly or indirectly to the applicable interest rate
or applicable mortality table used for purposes of § 417(e), Internal Revenue Code, any provision
prescribing the use of the annual rate of interest on 30-year United States Treasury securities
shall be implemented by instead using the rate of interest determined by applicable interest
rate described by § 417(e), Internal Revenue Code, after its...
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16-25A-47
Section 16-25A-47 Payroll deduction of contributions; applicability to local school boards.
Employee premium contributions shall be deducted from payroll by all employers on a pretax
basis as permitted under Section 125 of the Internal Revenue Code. All employers must offer
a flexible benefit plan to all employees by October 1, 2005. Local school boards which are
deemed by this article to be an employer retain the right to extend contracts or agreements
related to plans in existence as of October 1, 2005, or to change companies offering the same
plan benefits. (Act 2004-650, 1st Sp. Sess., p. 31, §8.)...
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40-18-173
Section 40-18-173 Interpretation of article generally. Due consideration shall be given in
the interpretation of this article to applicable sections of the U.S. Internal Revenue Code
in effect from time to time, its rulings and regulations provided such Code, rulings, and
regulations are not in direct conflict with any portion of this article. (Code 1975, §40-14-103;
Acts 1984, 1st Ex. Sess., No. 84-756, p. 121, §14.)...
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16-25C-1
Section 16-25C-1 Legislative intent. It is the intent of the Legislature to make available
to participants a defined contribution plan as described in Section 401 of the Internal Revenue
Code, so as to enable the participants to conveniently and economically receive the fullest
benefits offered by federal tax law as it relates to qualified defined contribution savings
plans for public employees covered by a mandatory defined benefit public employee savings
plan and participating in voluntary supplemental deferred compensation or tax sheltered annuity
plans under Internal Revenue Code Sections 457 and 403(b) respectively. (Act 2001-704, p.
1562, §2.)...
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36-27C-1
Section 36-27C-1 Legislative intent. It is the intent of the Legislature to make available
to participants a defined contribution plan as described in Section 401 of the Internal Revenue
Code, so as to enable the participants to conveniently and economically receive the fullest
benefits offered by federal tax law as it relates to qualified defined contribution savings
plans for public employees covered by a mandatory defined benefit public employee savings
plan and participating in voluntary supplemental deferred compensation or tax sheltered annuity
plans under Internal Revenue Code Sections 457 and 403(b) respectively. (Act 2001-704, p.
1562, §1.)...
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16-25A-21
Section 16-25A-21 Flexible employees' benefits programs. Employee premium contributions shall
be deducted, by all employers, from payroll on a pretax basis as permitted under Section 125
of the Internal Revenue Code. The board is authorized to transfer the necessary funds from
the Public Education Employees' Health Insurance Plan to the fund established by the Public
Education Flexible Employees Benefit Board for the administration of the Public Education
Flexible Employees Benefits Program. All public education employees shall be offered flexible
spending accounts by employers for pretax deductions for medical and childcare expenses. (Act
2004-646, 1st Sp. Sess., p. 6, §4.)...
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45-37-123.190
Section 45-37-123.190 Merger, consolidation, or transfer of assets. (a) This plan may be merged
or consolidated with any other qualified plan or its assets or liabilities transferred to
any other qualified plan as determined by the Legislature or the county. (b) A member, with
the approval of the pension board, may elect to transfer, in cash, amounts from his or her
account under a § 457(b), Internal Revenue Code, plan in accordance with such rules and regulations
as the pension board may establish from time to time. Unless otherwise determined by the pension
board, any such amounts transferred from a § 457(b), Internal Revenue Code plan shall be
treated as employee contributions for purposes of the plan. (Act 2013-415, p. 1586, §2:9.1.)...
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13A-9-70
Section 13A-9-70 Definitions. The following words and phrases as used in this article shall
have the following meanings unless a different meaning is required by the context: (1) CHARITABLE
ORGANIZATION. Any benevolent, philanthropic, or patriotic person, or one purporting to be
such, consistent with the then-controlling definition provided in the Internal Revenue Code
of the United States of America, which solicits and collects funds for charitable purposes
and includes each local, county, or area division within this state of the charitable organization;
provided the local, county, or area division has authority and discretion to disburse funds
or property otherwise than by transfer to any parent organization. (2) CHARITABLE PURPOSE.
Any charitable, benevolent, philanthropic, or patriotic purpose which is consistent with the
then-controlling definition provided in the Internal Revenue Code of the United States of
America. (3) CIVIL RIGHTS ORGANIZATION. Any charitable organization...
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45-37-123.133
Section 45-37-123.133 Annual benefit not in excess of $10,000. (a) The plan may pay an annual
benefit to any member in excess of the member's maximum annual benefit if the annual benefit
derived from employer contributions under the plan and all other defined benefit plans maintained
by the county does not in the aggregate exceed ten thousand dollars ($10,000) for the limitation
year or for any prior limitation year and the county has not at any time maintained a defined
contribution plan, a welfare benefit fund under which amounts attributable to postretirement
medical benefits are allocated to separate accounts of key employees, as defined in § 419(A)(d)(3),
Internal Revenue Code, or an individual medical account in which the member participated.
For purposes of this section, if the plan provides for voluntary or mandatory employee contributions,
such contributions shall not be considered a separate defined contribution plan maintained
by the county. (b) However, if a member has...
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36-29-20
Section 36-29-20 Legislative findings and intent. The Legislature finds that private employers
have provided their employees with flexible employee benefit plans which provide a savings
both to the employer and the employee, and that the State of Alabama, its departments and
agencies, may provide the same tax-effective benefits to its employees. It is, therefore,
the intent of the Legislature to provide for the establishment of a "cafeteria plan"
or flexible employee benefit plan in compliance with the Internal Revenue Code of 1986, with
every effort being used to utilize the existing resources of the state Comptroller to implement
said plan in conjunction with the Flexible Employees Benefits Board. (Acts 1989, No. 89-644,
p. 1272, §1.)...
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