16-25-11.4
Section 16-25-11.4 Purchase of credit for prior service rendered as full-time employee
in office of clerk of circuit court or with Alabama State Employees Association. (a) Any acting
and contributing member of the Teachers' Retirement System of Alabama may elect to purchase
credit for prior service rendered as a full-time employee in the office of a clerk of the
circuit court in the State of Alabama or as a full-time employee with the Alabama State Employees
Association provided the member complies with the following conditions prescribed in this
section. (b) Any employee electing to purchase credit under subsection (a) of this
section shall pay to the Secretary-Treasurer of the Teachers' Retirement System within
one year after October 1, 1995, a lump sum payment equal to a percentage of the current annual
salary or final average compensation, whichever is greater, of the member. The applicable
percentage shall be the sum of the prevailing percentage rates of employer and member...
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45-12-240.50
Section 45-12-240.50 Retirement benefits. So long as the Revenue Commissioner of Choctaw
County has satisfied all prerequisites to receive supernumerary retirement benefits, payment
for supernumerary retirement benefits may not be denied as a result of the Revenue Commissioner
also receiving retirement benefits from the Teachers' Retirement System, provided that the
retirement benefits are related to different and separate time periods of employment or service.
(Act 2016-84, §1(b).)...
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36-27-145
Section 36-27-145 Pensioners who retired prior to membership of employer in system.
(a) Commencing October 1, 1998, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 1998, administered by the Employees'
Retirement System, and whose years of creditable service has not been made known to the Employees'
Retirement System, may receive an increase in benefits in the amount of sixty dollars ($60)
per month if the monthly benefit is five hundred dollars ($500) or less; ninety dollars ($90)
per month if the monthly benefit is more than five hundred dollars ($500) but less than one
thousand dollars ($1,000); one hundred twenty dollars ($120) per month if the monthly benefit
is more than one thousand dollars ($1,000) but less than fifteen...
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36-27-155
Section 36-27-155 Pensioners who retired prior to membership of employer in system.
(a) Commencing October 1, 2000, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 2000, administered by the Employees'
Retirement System, and whose years of creditable service has not been made known to the Employees'
Retirement System, may receive an increase in benefits of four percent, except that no pensioner
shall receive an increase of less than twenty-five dollars ($25) per month, provided the retired
employee retired prior to October 1, 2000, and the employer decides to come under the provisions
of this article. (b) Retired local public agency employees who retired prior to membership
of the employer in the Employees' Retirement System and...
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36-27-184
Section 36-27-184 Pensioners who retired prior to membership of employer in system.
(a) Commencing October 1, 2002, any retired employee who retired from a city, town, county,
or public or quasi-public organization of the state before the city, town, county, or public
or quasi-public organization of the state became a member of the Employees' Retirement System,
and who is receiving a monthly benefit prior to October 1, 2002, administered by the Employees'
Retirement System, and whose years of creditable service have not been made known to the Employees'
Retirement System, may receive an increase in benefits of three percent except that no pensioner
shall receive an increase of less than fifteen dollars ($15) per month, provided the retired
employee retired prior to October 1, 2001, and the employer elects to come under the provisions
of this article. (b) Retired local public agency employees who retired prior to membership
of the employer in the Employees' Retirement System and whose...
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36-27-125
Section 36-27-125 Pensioners who retired prior to membership of employer in system.
(a) Any pensioner or beneficiary who retired from a city, town, county, or public or quasi-public
organization of the state before the city, town, county, or public or quasi-public organization
of the state became a member of the Employees' Retirement System, and who is receiving a monthly
benefit on October 1, 1994 administered by the Employees' Retirement System, may receive an
increase in benefits in the amount of not less than sixty dollars ($60) nor more than one
hundred dollars ($100) per month if the city, town, county, or public or quasi-public organization
of the state elects to fund the increase, provided the pensioner retired prior to October
1, 1994. (b) Notwithstanding subsection (a), any pensioner or annuitant of a city, town, county,
or public or quasi-public organization who receives his or her monthly benefit from a source
other than the Employees' Retirement System may receive an...
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16-25-26.1
Section 16-25-26.1 Election by university president to resume participation. (a) Any
person who is a retired teacher, and retired under the provisions of the Teachers' Retirement
System of Alabama, and who subsequent to said retirement becomes the acting President of the
University of Alabama, may elect to resume his participation in the Teachers' Retirement System
of Alabama. (b) Should any person make such election as set forth in subsection (a) of this
section, his retirement benefits shall cease and the reserves remaining for his pension
and annuity and all his service credits shall be transferred to the appropriate funds and
accounts maintained for active members. Upon restoration to active service the member shall
receive full rights, privileges and benefits under the Teachers' Retirement System of Alabama
for his total years of service thereunder. (Acts 1981, No. 81-786, p. 1378.)...
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36-27-24
Section 36-27-24 Funds for assets of retirement system - Creation; composition; disposition
of funds; appropriations. (a) Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely, the Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date and the balance of the former Pension Reserve Fund shall be transferred to
the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be
transferred to the Pension Accumulation Fund. (b) Annuity Savings Fund. The Annuity Savings
Fund shall be a fund in which shall be accumulated contributions from the compensation of
members to provide for their annuities. Contributions to and payments from the Annuity Savings
Fund shall be made as follows: Effective October 1, 1971, each employer shall...
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36-27-6.5
Section 36-27-6.5 Employers authorized to provide Tier I retirement benefits to Tier
II plan members. (a) Any employer participating in the Employees' Retirement System of Alabama
pursuant to Section 36-27-6, may, by adoption of a resolution by May 8, 2021, elect
to provide to its Tier II plan members the same retirement benefits provided to Tier I plan
members. Provided, however, the Employees' Retirement System Board of Control, based on a
staff review of the historical compliance with ERS requirements as well as the financial stability
of the local government entity, may elect to deny the election authorized herein. The local
entity may petition the Board of Control for a reconsideration of its action by May 8, 2021.
The election shall be irrevocable and shall be effective at the beginning of the fiscal year
following the date the resolution is received by the ERS. (b) Any employer that has not increased
the Tier I member contribution rates as provided in Act 2011-676 shall develop...
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36-27-43
Section 36-27-43 Credit for prior service - School bus driver, mechanic or maintenance
worker. Any person who is presently a regular employee of the State of Alabama and is covered
or eligible to be covered under the state Employees' Retirement System and who, prior to such
regular employment was employed as a fully budgeted school bus driver (not a student), mechanic
or maintenance worker by any county or city board of education or the governing board of any
public school in Alabama regardless of the source from which and the manner in which his salary
was paid, shall be entitled to receive credit for all service in such capacity rendered by
him prior to October 1, 1971; provided, that such person shall pay into the Employees' Retirement
System, within six months from October 1, 1975, a sum equal to the total contributions which
he would have made as a member during the period of such employment from October 1, 1945,
to October 1, 1971. (Acts 1975, No. 1102, p. 2173, §9.)...
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