45-37A-51.220
Section 45-37A-51.220 Normal retirement benefit. (a) A participant having attained age
60 or older and having completed five or more years of credited service, or having completed
30 or more years of credited service without regard to age, shall be entitled upon his or
her voluntary retirement to a monthly retirement benefit equal to one of the following: (1)
With respect to a retiree who first became a participant on or before the first day of July
after nine years after date of establishment, forty percent of his or her final average salary,
plus one and three thousand three hundred thirty-four thousandths percent (1.3334%) of his
or her final average salary multiplied by his or her years of credited service in excess of
15 years. (2) With respect to a retiree who first becomes a participant subsequent to the
first day of July nine years after date of establishment, and becomes entitled to a normal
retirement benefit and retires on or before July 1, 1990, two percent of his or her...
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45-37A-51.244
Section 45-37A-51.244 Early retirement benefit. Participants in the city and other participating
employing entities, except the board of health, having attained age 55 or older and completed
25 or more years of credited service, shall be entitled, upon voluntary retirement, to a monthly
retirement benefit equal to 1.85 percent of the monthly final average salary of the participant
multiplied by the participant's years of credited service. Subject to Section 45-37A-51.237,
the amount of any retirement benefit provided pursuant to this section shall continue
to accrue throughout the life of the retiree. Survivors of participants retiring shall receive
all survivors' benefits available to normal retirees who are eligible for benefits under Section
45-37A-51.220. (Act 2006-339, p. 851, Art. VI, §25.)...
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45-37A-51.228
Section 45-37A-51.228 Survivor's benefits. (a) Effective July 1, 2002, in the event
of the death of a retiree or participant who, on the date of his or her death was eligible
for voluntary retirement under Section 45-37A-51.220, there may be payable a monthly
survivor's benefit equal to 60 percent of the monthly retirement benefit which the retiree
was receiving or was entitled to receive prior to his or her death or which the participant
would have been entitled to receive had he or she retired under Section 45-37A-51.220
on the day preceding his or her death; notwithstanding anything to the contrary, the survivor's
benefit may be increased pursuant to Section 45-37A-51.242. In the event any survivor
is being paid an amount in excess of 60 percent of the retiree's monthly benefit on May 1,
2006, such survivor's benefits shall not be decreased. (b)(1) Effective July 1, 2002, upon
the death of any retiree or participant who at the time of his or her death was not eligible
for voluntary...
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45-37A-52.228
Section 45-37A-52.228 Survivor's benefits. (a) Effective July 1, 2002, in the event
of the death of a retiree or participant who, on the date of his or her death was eligible
for voluntary retirement under Section 45-37A-51.220, there may be payable a monthly
survivor's benefit equal to 60 percent of the monthly retirement benefit which the retiree
was receiving or was entitled to receive prior to his or her death or which the participant
would have been entitled to receive had he or she retired under Section 45-37A-51.220
on the day preceding his or her death; notwithstanding anything to the contrary, the survivor's
benefit may be increased pursuant to Section 45-37A-51.242. In the event any survivor
is being paid an amount in excess of 60 percent of the retiree's monthly benefit on May 1,
2006, such survivor's benefits shall not be decreased. (b)(1) Effective July 1, 2002, upon
the death of any retiree or participant who at the time of his or her death was not eligible
for voluntary...
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45-37A-51.245
Section 45-37A-51.245 Retroactive deferred retirement option plan. (a) Effective July
1, 2002, a participant who retires at least 90 days following July 1, 2002, who has then completed
at least 23 years of credited service, and who is otherwise entitled to retire and receive
a normal retirement benefit, shall have the opportunity to elect a back drop plan. A participant
eligible for the back drop plan can elect in writing at his or her retirement to retroactively
drop his or her credited service in excess of 20 years, for a period of months not exceeding
36 months immediately preceding the date of retirement, the back drop period; provided that
the beginning of the back drop period may not extend past the earliest date on which the participant
would have qualified for a normal retirement benefit. A participant who is not actively employed
may not make a back drop election. To be effective, a back drop election by a married participant
shall be approved in writing by his or her spouse....
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45-37A-51.224
Section 45-37A-51.224 Involuntary retirement. (a) In the event a participant shall be
involuntarily retired after having completed 20 or more years of credited service prior to
attaining the age of 60 years, such participant shall be entitled to a monthly retirement
benefit equal to the product of the final average salary multiplied by the applicable percentage
rate determined at the date of termination, multiplied by such participant's years of credited
service. Should the participant be involuntarily retired prior to attaining age 60 his or
her entitlement to the monthly retirement benefit, at this retirement date, shall additionally
require that within 60 days of the involuntary retirement the agency governing tenure of service
of city employees certify in writing to the board that such employee has not contributed by
his or her own fault or misconduct to the separation from service. Should such certification
not be made within the prescribed time, the monthly retirement benefit...
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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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45-8A-22.114
Section 45-8A-22.114 Normal retirement age. (a) Effective with respect to retirements
that occur before October 1, 2012, the retirement board shall retire from service any participant
who has attained age 60 years, and such participant shall be entitled to receive a monthly
benefit from the plan equal to three percent of the average of his or her monthly compensation
for the last three years preceding his or her retirement multiplied by the number of years
of continuous service; provided, however, credit shall not be counted for continuous service
in excess of 30 years. (b) Effective with respect to retirements that occur on and after October
1, 2012, the retirement board shall retire from service any participant who has attained age
65 years, and such participant shall become fully vested and entitled to receive a monthly
benefit from the plan calculated in accordance with Section 45-8A-22.113(b). (Act 2012-484,
p. 1349, §15.)...
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11-40-17.3
Section 11-40-17.3 Retroactive Deferred Retirement Option Plan. (a) This section
shall apply to Class 1 municipalities only. (b) There is established a Retroactive Deferred
Retirement Option ("Back Drop") Plan for any retirement and relief system established
pursuant to Act 1272, 1973 Regular Session (Acts 1973, p. 2124), as amended. A participant
who retires at least 90 days following July 1, 2002, who has then completed at least 23 years
of credited service, and who is otherwise entitled to retire and receive a normal retirement
benefit, shall have the opportunity to elect a Back Drop plan. A participant eligible for
the Back Drop plan can elect in writing at his or her retirement to retroactively drop his
or her credited service in excess of 20 years, for a period of months not exceeding 36 months
immediately preceding the date of retirement (the "Back Drop period"); provided
that the beginning of the Back Drop period may not extend past the earliest date on which
the participant...
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45-8A-22.113
Section 45-8A-22.113 Retirement eligibility and benefit. (a) Participants Hired Before
May 29, 1979. Subject to Section 45-8A-22.114, any person who was hired by the City
of Anniston as a sworn police officer or sworn firefighter before May 29, 1979, and who has
been in continuous service as a participant for a period of 20 years shall have a non-forfeitable
right to a benefit and shall be entitled to retire and receive a monthly benefit from the
plan in an amount equal to three percent of the average of his or her monthly compensation
for the last three years preceding his or her retirement multiplied by the number of years
of continuous service; provided, however, credit shall not be counted for continuous service
in excess of 30 years. (b) Participants Hired On and After May 29, 1979. Any participant who
was hired by the City of Anniston as a sworn police officer or sworn firefighter on or after
May 29, 1979, shall have a non-forfeitable right to a benefit to the extent described in...

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