36-27C-2
Section 36-27C-2 Definitions. As used in this chapter, the following terms have the following meanings: (1) BOARD. The Board of Control of the Public Employees Defined Contribution Savings Fund. (2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service. (3) FUND. The Public Employees' Defined Contribution Savings Fund. (4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation or a 403(b) tax sheltered annuity plan, who is not a public school employee and who meets any of the following requirements: a. Is a member of the Teachers' Retirement System. b. Is a member of the Employees' Retirement System. c. Is a member of the Judicial Retirement Fund. d. Is an employee of an employer eligible to participate in the Employees' Retirement System pursuant to Section 36-27-6 which elects to participate. e. Is a public official or public employee of the State of Alabama...
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36-27C-7
Section 36-27C-7 Contributions. (a)(1) By September 1 of each year, the board, based on the funds appropriated by the Legislature for employer contributions to defined contribution savings plans for the ensuing fiscal year and the number of participants, shall determine the maximum amount of employer match contribution available for each participant. Nothing in this chapter shall be deemed to require the Legislature to appropriate an employer match or any other monies to the Employee Savings Plan. (2) The employer match contribution as established in subdivision (1) shall be available to each participant in the plan and funded into the 401 plan established by the board for the participant. (3) The board shall make a similar determination for employees of any other agency electing to participate in a defined contribution savings plan under this chapter whose employees are not included within an appropriation for employer contributions by the Legislature. (4) Such agencies referred to in...
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45-49A-63.42
Section 45-49A-63.42 Restoration of retired member or other former member to service. (a) If a member entitled to a benefit under Section 45-49A-63.60, Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 of the plan is restored to service as a uniformed officer, any benefit he or she may be receiving under Subpart 4 shall cease and any election of an optional benefit in effect shall be void. If he or she is restored to service as a uniformed officer before he or she has a break in service exceeding one year, any service to which he or she was entitled when he or she retired or terminated service shall be restored to him or her, and upon his or her later retirement or termination, his or her benefit shall be based on the benefit formula then in effect and his or her salary and service before and after his or her break in service, reduced by an amount that is of equivalent actuarial value to the benefits he or she received under Section 45-49A-63.60 or subsection (a) of...
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45-37A-51.223
Section 45-37A-51.223 Participants retiring under the firefighters' and police officers' supplemental pension system. With respect to participants who shall belong to and retire under the supplemental pension system established by Subpart 1 after having accumulated 20 or more years of credited service thereunder but prior to his or her having accumulated 30 years of credited service hereunder, benefits payable hereunder shall commence on the date on which such participant would have accumulated 30 years of credited service hereunder had such participant not retired but rather had continued in his or her employment with the city, without interruption, as a firefighter or police officer. The annual benefit thereupon payable herefrom shall be an amount equal to that which would have been payable under Section 45-37A-51.220 had such participant not retired but rather had continued in employment with the city, without interruption, as a firefighter or police officer. For the purpose of...
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16-25C-2
Section 16-25C-2 Definitions. As used in this chapter, the following terms have the following meanings: (1) BOARD. The Board of Control of the Public Education Employees' Defined Contribution Savings Fund. (2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service. (3) FUND. The Public Education Employees' Defined Contribution Savings Fund. (4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation plan or a 403(b) tax sheltered annuity plan and who is a member of the Teachers' Retirement System. (Act 2001-704, p. 1562, §2.)...
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16-25C-7
Section 16-25C-7 Contributions. (a)(1) By July 1 of each year, the board, based on the funds appropriated by the Legislature for employer contributions to defined contribution savings plans for the ensuing fiscal year and the number of participants, shall determine the maximum amount of employer match contribution available for each participant. Nothing in this chapter shall be deemed to require the Legislature to appropriate an employer match or any other monies to the Employee Savings Plan. (2) The employer match contribution as established in subdivision (1) shall be available to each participant in the plan and funded into the 401 plan established by the board for the participant. (3) The board shall make a similar determination for employees of any other agency electing to participate in a defined contribution savings plan under this chapter whose employees are not included within an appropriation for employer contributions by the Legislature. (4) Such agencies referred to in...
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45-37A-51.229
Section 45-37A-51.229 Eligibility for survivor's benefits. (a) The surviving spouse of the deceased or participant described in Section 45-37A-51.228 shall be eligible to receive a survivor's benefit. The next foregoing sentence shall apply to a spouse married to the retiree or participant at the time of such retiree's or participant's death, regardless of whether the marriage occurred before or after the retiree's or participant's departure from service. The surviving spouse shall continue to be eligible to receive the monthly survivor's benefit until he or she shall die or remarry, whichever shall first occur. If a survivor's benefit ceases because the survivor remarries, in the event the marriage is terminated by annulment, divorce, or death of the survivor's spouse, then on such termination the survivor shall be eligible to receive the survivor's benefits. (b) In the event the deceased retiree or participant should not be survived by his or her spouse or in the event the spouse...
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36-27-15.2
Section 36-27-15.2 Granting of credit for out-of-state service, service as support employee or teachers' aide, Teachers' Corps service, and Job Corps service. (a)(1) Any member of the Teachers' Retirement System of Alabama or any member of the Employees' Retirement System of Alabama shall be eligible to receive up to 10 years of creditable service for employment in public education in states other than Alabama, for prior service in public education in Alabama as a support employee or a teacher's aide, for regular full-time service with the Teachers' Corps in the State of Alabama, for regular full-time service with the Job Corps, or for up to 10 years of creditable service for public employment rendered in states other than Alabama, provided that the member of the retirement system claiming the credit shall have attained not less than 10 years of contributing membership service credit, exclusive of military service credit, under the retirement system of which he or she is a member; and,...
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36-27-41
Section 36-27-41 Employees for whom system reopened; payment of contributions. (a) Any employee who was in service on October 1, 1974, whose membership in the Employees' Retirement System of Alabama was contingent upon his own election and who elected not to become a member, may apply for and be admitted to membership with all prior service credit, as otherwise provided for in Article 1 of this chapter, at any time prior to October 1, 1976; provided, that said employee pays to the Secretary-Treasurer of the Employees' Retirement System of Alabama on or before October 1, 1976, a sum equal to the total contributions which he would have made as a member during his service as an employee from October 1, 1945, or the date of entry of his employing unit, to the date of his application for membership, plus compound interest of eight percent on such contributions. (b) Any member in service on October 1, 1974, or any retired member of the Employees' Retirement System of Alabama, who at one time...
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45-37A-51.163
Section 45-37A-51.163 Purchase of credit for certain prior unclassified service. Payment for such time under 10 years earned prior to January 1, 1989, has been made in full. If such service totals were more than 10 years, selection of option (2) provided the participant with credit for one-half of each year completed in the unclassified service of the city prior to becoming a participant or employee member and required the payment only of any refund of contributions from any unclassified service pension directly to this system. The option herein provided shall have been exercised not later than May 15, 1989. In the event an individual did not exercise this option in writing, that individual was continued in any unclassified service pension plan under option (1). (Act 2006-339, p. 851, Art. IV, §4.)...
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