45-49A-81.10
Section 45-49A-81.10 Pension eligibility for certain employees - 20 years of service. (a) Any employee of the City of Prichard, except as herein otherwise provided, who has been in the service of the city for as long as 20 years, the last four years of which, counting a major fraction of a year as a full year, have been continuous, and who is then employed by the city, upon his or her making application to the city council of the city, shall be retired from service as an employee without medical examination or disability. Any employee who has been in the service of the city for as long as 20 years, the last four years of which, counting a major fraction of a year as a full year, have been continuous, and whose employment has been terminated prior to his or her making application for retirement from service as an employee of the city shall be entitled to make application for retirement as an employee without medical examination or disability as if he or she were yet an employee of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-81.10.htm - 5K - Match Info - Similar pages
36-27-4
Section 36-27-4 Membership - Generally; denial of membership; absence from service; military service. (a) The membership of the retirement system shall be composed as follows: (1) All persons who shall become employees after October 1, 1945, shall become members of the retirement system as a condition of their employment. (2) Any person who is an employee on October 1, 1945, shall become a member as of that date unless, within a period of 90 days next following, such employee shall file with the Board of Control on a form prescribed by the board a notice of his or her election not to be covered in the membership of the system and a duly executed waiver of all present and prospective benefits which would otherwise inure to him or her on account of his or her membership in the retirement system. (3) An employee whose membership in the retirement system is contingent on his or her own election and who elects not to become a member may thereafter apply for and be admitted to membership...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-4.htm - 9K - Match Info - Similar pages
45-37A-51.03
Section 45-37A-51.03 Board of managers. (a)(1) In order to assure representation of all participants of this system, there shall be a board of managers of five members for the administration, management, and control of the supplemental pension system, including administration, management, control, acquisition, and disbursement of the fund. The board shall consist of the president of the governing body of the city, who shall be chair of the board, and four associate members, designated respectively as Member No. 1, Member No. 2, Member No. 3, and Member No. 4. (2) Member No. 1 shall be appointed by the Jefferson County Personnel Board and shall be a person who at the time of appointment has had five or more consecutive years immediately preceding his or her appointment and has been an officer of, or the occupant of an executive position in insurance, actuarial, investment, banking, or as a certified public accountant and shall serve for a term of four years. Should the appointed Member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.03.htm - 11K - Match Info - Similar pages
45-37A-51.09
Section 45-37A-51.09 Compensation limits; forfeitures; required minimum. (a) Compensation in excess of one hundred sixty thousand dollars ($160,000), or such other amount provided in the Internal Revenue Code of 1986, as amended, shall be disregarded. Such amount shall be adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B), except that the dollar increase in effect on January 1 of any calendar year shall be effective for the fiscal years beginning with or within such calendar year. If compensation for any prior determination period is taken into account in determining a participant member's benefits for the current fiscal year, the compensation for such prior determination period is subject to the applicable annual compensation limit in effect for that prior period. (b) Notwithstanding the foregoing and to the extent applicable to governmental plans as such are defined in Section 414(d) of the Internal Revenue Code of 1986, as amended, in no event may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.09.htm - 9K - Match Info - Similar pages
45-49A-81.11
Section 45-49A-81.11 Pension eligibility for certain employees - 25 years of service. (a) Any employee of the City of Prichard who has been in the service thereof for as long as 25 years, the last four years of which, counting a major fraction of a year as a full year, have been continuous, upon making written application to the City Council of the City of Prichard, Alabama, therefor, shall, without medical examination or disability be retired from service of the City of Prichard and upon such retirement the council shall direct the payment to the retiring employee monthly from such fund, a sum equal to 55 percent of the monthly compensation received by such employee as salary or other compensation at the time of his or her retirement, or an amount equal to 55 percent of the average compensation of such employee over the then past four calendar years, whichever shall be the greater, multiplied by the percentages applicable from the table below: Years Service Percentage 25 55 26 56 27...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-81.11.htm - 4K - Match Info - Similar pages
31-6-4
Section 31-6-4 Educational benefits for children of deceased or disabled veterans or prisoners of war. (a) Any child whose father or mother: (1) Was killed or died in line of duty or is listed as missing in action or is/was a prisoner of war or whose death or permanent total disabilities were service-connected while serving as a member of the armed forces; or (2) Died from a disability incurred from military service, as established by the State Department of Veterans' Affairs, after having been discharged under conditions other than dishonorable and after having served at least 90 days consecutively in the armed forces prior to and/or subsequent to the date on which such disability occurred, or who was honorably discharged by reason of wartime, service-connected disability after serving less than 90 days; or (3) Has been assigned 100 percent permanent or total disability rated by the United States Veterans' Administration, or was discharged or retired from the armed forces with a 40...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-6-4.htm - 4K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.224.htm - 3K - Match Info - Similar pages
45-37A-51.237
Section 45-37A-51.237 Payment of benefits during period of reemployment. (a) Anything herein to the contrary notwithstanding and except as provided in subsection (b), no retirement benefits of whatever kind or description shall be payable to any former participant for any period during which the former participant is employed by the city, is due a salary from the city, or has been paid a salary by the city, except persons elected by the people to serve the city shall have the option of continuing to receive either retirement benefits or the compensation for the office to which that person is elected, or that person may choose to receive both such benefits and compensation. (b)(1) For the purposes of this section, "retired public safety officer" means a retired law enforcement officer who was employed by the city or a retired firefighter who was employed by the city. (2) Notwithstanding subsection (a), a retired public safety officer who was employed by the city may be subsequently...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.237.htm - 3K - Match Info - Similar pages
16-25-18
Section 16-25-18 Redetermination of allowances of certain retired members. (a) Any member who retired prior to October 1, 1975 and who has served in the armed services, as described in Section 16-25-3, shall be entitled to claim such full-time military service and to have all retirement allowances due on or after October 1, 1975 redetermined as if the provisions of said section, as amended, were in effect at the time such member retired; provided, that such retired member pays into the Teachers' Retirement System, in a lump sum prior to October 1, 1976, an amount equal to four percent of the average compensation which was paid to a teacher during each claimed year of full-time military service, plus and together therewith, eight percent interest compounded from the last date of such claimed military service; provided further, that such retired member shall not receive membership service credit for more than four years of military service and shall receive no credit for military service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-18.htm - 2K - Match Info - Similar pages
45-28A-42.60
Section 45-28A-42.60 Forfeiture of benefits during reemployment; retirement. (a) No person retired after October 1, 1975, under the policemen's and firemen's retirement fund can be reemployed full time by the City of Gadsden in any department, without first having signed an agreement forfeiting his or her pension benefits during the time of reemployment. For purposes of this subpart, full time employment means 20 hours or more per week. Benefits shall be resumed upon termination of employment. In no instance shall the benefits lost during the time of reemployment be recovered by the person. This subsection shall not be interpreted to include those members drawing survivor's benefits. (b) Any member of the police and fire department of a city to which this subpart applies who has been in continuous service thereof for as long as 20 years, upon making written application to the board of trustees therefor shall, without medical examination or disability, be retired from services in such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.60.htm - 2K - Match Info - Similar pages
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