36-29-10
Section 36-29-10 Election by retired employees to continue coverage; payment of premiums. (a)
Employees covered under the plan who retire from active service before January 1, 2012, and
begin receiving monthly benefits from the Employees' Retirement System of Alabama, Judicial
Retirement System of Alabama, or from the Teachers' Retirement System of Alabama may elect
to continue coverage under the plan by consenting to have the employee contribution deducted
from their monthly benefit payment for coverage of such retired employees. (b) Employees covered
under the plan who retire from active service after December 31, 2011, with at least 10 years
of creditable coverage and begin receiving monthly benefits from the Employees' Retirement
System of Alabama, Judicial Retirement System of Alabama, or the Teachers' Retirement System
of Alabama may elect to continue coverage under the plan by consenting to have the employee
contribution deducted from their monthly benefit payment for coverage...
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45-37-123.102
Section 45-37-123.102 Disability retirement benefits. (a) Non-service connected disability
benefits. Subject to subsection (h), any member who, after accumulating 10 years of paid membership
time, experiences a total disability as a result of a non-service connected disability shall
be entitled to receive, at the time set forth in subsection (e), monthly disability retirement
benefits determined in accordance with Section 45-37-123.100, as though the disabled member
were entitled to a superannuation retirement benefit at the commencement of the disability;
however, there shall be a percentage reduction of such benefit to reflect early commencement
of the payment, such percentage to be based on the member's whole years from actual eligibility
for a superannuation retirement benefit, as set forth below. Notwithstanding any provisions
to the contrary, the minimum monthly disability retirement benefit payable in connection with
a non-service connected disability shall be 50 percent of the...
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40-18-174
Section 40-18-174 Tax imposed on certain built-in gains. (a) If for any taxable year beginning
in the recognition period an Alabama S corporation has a net recognized built-in gain, there
is hereby imposed a tax (computed under subsection (b)) on the income of such corporation
for such taxable year. (b)(1) The amount of the tax imposed by subsection (a) shall be computed
by multiplying five percent by the net recognized built-in gain of the Alabama S corporation
for the taxable year. (2) Notwithstanding Section 40-18-168, any net operating loss carryforward
which would be deductible except for Section 40-18-168 and which arose in a taxable year for
which the corporation was not an Alabama S corporation, shall be allowed as a deduction against
the net recognized built-in gain of the Alabama S corporation for the taxable year. For purposes
of determining the amount of any such loss which may be carried to subsequent taxable years,
the net recognized built-in gain shall be treated as...
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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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45-8A-22.123
Section 45-8A-22.123 Minimum distribution requirements. (a) In General. Benefit payments under
the plan must begin by the "required beginning date," defined as April 1 of the
calendar year following the later of: (1) The calendar year in which the participant attains
age 70 1/2, or (2) The calendar year in which the participant terminates active employment.
The participant's entire interest in the trust must be distributed, beginning no later than
the "required beginning date," over the life of the participant or the lives of
the participant and a designated beneficiary, or over a period not extending beyond the life
expectancy of the participant or the participant and designated beneficiary. (b) Participant
Dies Before Entire Interest Is Distributed. (1) Distributions Have Begun. When a participant
dies after distribution of benefits has begun, the remaining portion of the participant's
interest shall be distributed at least as rapidly as under the method of distributions prior
to the...
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12-18-112
Section 12-18-112 Transfer of contributions and creditable service - District judge's adjusted
benefit formulas; spouse's benefits. In the event a member of the Judicial Retirement Fund,
who is a district judge, or a surviving spouse thereof, must employ and count creditable service
transferred under this article to qualify for retirement and/or benefits under the fund, the
benefits or allowances payable to such member or spouse shall be calculated as follows, and
shall be in lieu of any and all other rights, benefits and allowances, except social security
payments: (1) The annual service allowance payable to a retiring district judge shall be an
annual amount equal to the sum of: a. The amount which results when 90 percent of the retirement
benefits payable by the state to circuit judges on the date such district judge retires (as
is provided under Section 12-18-58) is multiplied by the ratio created when the member's number
of years of creditable service, excluding transferred...
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27-1-17
Section 27-1-17 Limitation periods for payment of claims; overdue claims; retroactive denials,
adjustments, etc.; penalties. (a) Each insurer, health service corporation, and health benefit
plan that issues or renews any policy of accident or health insurance providing benefits for
medical or hospital expenses for its insured persons shall pay for services rendered by Alabama
health care providers within 45 calendar days upon receipt of a clean written claim or 30
calendar days upon receipt of a clean electronic claim. If the insurer, health service corporation,
or health benefit plan is denying or pending the claim, the insurer, health service corporation,
or health benefit plan shall, within 45 calendar days for a written claim and 30 calendar
days for an electronic claim, notify the health care provider or certificate holder of the
reason for denying or pending the claim and what, if any, additional information is required
to process the claim. Any undisputed portion of the claim...
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45-49A-63.172
Section 45-49A-63.172 Limitation concerning highly compensated employees or highly compensated
former employees. (a) This section shall apply (i) in the event the plan is terminated, to
any member who is a highly compensated employee of the city and (ii) in any other event, to
any member who is one of the 25 highly compensated employees of the city with the greatest
compensation in any plan year. The amount of the annual payments to any one of the members
to whom this section applies shall not be greater than an amount equal to the annual payments
that would be made on behalf of the member during the year under a single life annuity that
is of equivalent actuarial value to the member's benefit. (b) If, (i) after payment of the
benefit to any one of the members to whom this section applies, the value of plan assets equals
or exceeds 110 percent of the value of current liabilities, as that term is defined in Section
412(1)(7) of the code, of the plan, (ii) the value of the benefit of any...
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25-4-72
Section 25-4-72 Individual weekly benefit amount. (a) For weeks of unemployment during benefit
years which begin before the effective date of subsection (b), an individual's weekly benefit
amount shall be as prescribed by this section as amended through July 6, 1997. (b) For weeks
of unemployment during benefit years beginning on or after July 2, 2006, an individual's weekly
benefit amount shall be an amount based on an equal division of the current weeks compensated
of the wages for insured work paid to the individual during the two quarters of his or her
base period in which the total wages were the highest; except, that: (1) If the amount thus
derived is not a multiple of one dollar ($1), fractional parts of one dollar ($1) in excess
of fifty cents ($.50) shall be rounded to the next higher multiple of one dollar ($1) and
fractional parts of one dollar ($1) which are fifty cents ($.50) or less shall be dropped
to the next lower multiple of one dollar ($1). (2) If the amount derived...
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45-37-123.130
Section 45-37-123.130 Annual benefit and final regulations under §415, Internal Revenue Code.
(a) Annual benefit. For purposes of this subpart annual benefit means the benefit payable
annually under the terms of the plan, exclusive of any benefit not required to be considered
for purposes of applying the limitations of §415, Internal Revenue Code, to the plan, payable
in the form of a straight life annuity with no ancillary benefits. If the benefit is payable
in any other form, the annual benefit shall be adjusted to the equivalent of a straight life
annuity pursuant to Section 45-37-123.132(c). (b) Final regulations under §415, Internal
Revenue Code. Notwithstanding anything in this subpart to the contrary, the following provisions
apply beginning on or after January 1, 1976, except as otherwise provided in this subpart.
(1) INCORPORATION BY REFERENCE. The limitations, adjustments, and other requirements prescribed
in the plan shall comply with the provisions of §415, Internal...
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