Code of Alabama

Search for this:
 Search these answers
11 through 20 of 391 similar documents, best matches first.
<<previous   Page: 1 2 3 4 5 6 7 8 9 10   next>>

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....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.245.htm - 5K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.113.htm - 4K - Match Info - Similar pages

45-37A-51.230
for each eligible child of the deceased participant. However, in no event shall the monthly
benefit payable to the spouse hereunder exceed 75 percent of the monthly salary of the deceased
participant. (2) CHILD OR CHILDREN BENEFIT. Should there be no surviving spouse or should
the surviving spouse fail to qualify hereunder, there shall be payable to or for the benefit
of such deceased participant's child or children a monthly benefit equal to 60 percent of
the deceased participant's monthly salary as provided in Section 45-37A-51.229 (3) DECEASED
PARTICIPANT'S MONTHLY SALARY. For the purpose of this section, the deceased participant's
monthly salary shall mean his or her final average salary except that with respect to a participant
who should be killed in the line of service prior to having accumulated five years of credited
service hereunder, it shall mean his or her monthly salary as of the date of injury
which resulted in his or her death. (Act 2006-339, p. 851, Art. VI, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.230.htm - 1K - Match Info - Similar pages

45-37A-51.231
Section 45-37A-51.231 Eligibility for service connected death benefit. (a) The survivors of
the deceased participant described in Section 45-37A-51.229 shall be eligible to receive a
service connected death benefit if they continued to be legally married on the date of the
death of the deceased participant. Further, the survivor shall continue to be eligible to
receive the monthly service connected death benefit until he or she shall die or remarry,
whichever shall first occur. (b) Service connection death benefits attributable or payable
to or on behalf of the deceased participant's child or children shall only be payable with
respect to such child or children who are both unmarried and 18 years of age or younger except
that with respect to an unmarried child or children who shall continue to be a student regularly
attending school, or unmarried and disabled children, benefits shall continue to be payable
until they attain age 23. (Act 2006-339, p. 851, Art. VI, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.231.htm - 1K - Match Info - Similar pages

45-8A-22.116
Disabled. If the participant is determined to be less than 50 percent disabled, the participant's
disability benefit shall be determined in accordance with paragraph b.1.; provided, however,
such disability benefit shall be reduced by the percent of disability, as determined in accordance
with subsection (c). (2) Effective for Disabilities Occurring On and After October 1, 2012.
a. Subject to paragraph b., a participant who becomes physically or mentally disabled as a
result of bodily injury, disease, or mental disorder received in the line of duty,
which renders such participant incapable of continuing his or her employment as a sworn police
officer or sworn firefighter performing the same duties and having the same responsibilities
as those immediately prior to the time of the disability, shall be entitled to receive a monthly
disability benefit equal to the greater of: 1. Forty percent of the participant's monthly
compensation at the time of such termination from service as a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.116.htm - 9K - Match Info - Similar pages

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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.114.htm - 1K - Match Info - Similar pages

45-37A-51.196
Section 45-37A-51.196 Retirees of firefighters' and police officers' supplemental pension system.
In the event of the retirement of a police officer or a firefighter from a supplemental pension
system, as established by Subpart 1, with 20 or more but less than 30 years of credited service
under the system, this system shall receive from the supplemental pension system the monthly
payments required to be paid from the system to this system from the police officer or firefighter's
retirement date thereunder until the date he or she would have been entitled to retire under
this system with 30 years of credited service had such police officer or firefighter continued
to serve without retiring and without interruption as a participant in this system. The city
shall then match the contributions from its general fund or other appropriate funds making
the matching contributions to the fund within 30 days from the date of receipt of those funds
which are to be matched. (Act 2006-339, p. 851,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.196.htm - 1K - Match Info - Similar pages

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...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-40-17.3.htm - 4K - Match Info - Similar pages

45-8A-22.118
in the plan, then the defined benefit dollar limitation of subsection (b) shall be multiplied
by a fraction, a. the numerator of which is the number of years, or part thereof, of participation
in the plan, and b. the denominator of which is 10. However, in no event shall such fraction
be less than 1/10th. Notwithstanding the foregoing, no adjustment shall be made to the defined
benefit dollar limitation for a distribution on account of a participant becoming disabled
by reason of personal injuries or sickness, or as a result of the death of a participant.
For purposes of this section, a "year of participation" means each accrual computation
period for which the following conditions are met: a. the participant is credited with a period
of service for benefit accrual purposes, required under the terms of the plan in order to
accrue a benefit for the accrual computation period, and b. the participant is included as
a participant under the eligibility provisions of the plan for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.118.htm - 30K - Match Info - Similar pages

36-27-17
Section 36-27-17 Redetermination of allowances due on or after October 1, 1975. (a) All retirement
allowance payments due on or after October 1, 1975, to members who retired prior to said date
shall be redetermined as if the provisions of Acts 1975, No. 1103, amending Section 36-27-1,
were in effect at the time the member retired; provided, that the annual retirement allowance
of any member not employed as a state policeman who retired on or before January 1, 1956,
shall not be less than $79.20 multiplied by the number of years of his creditable service
not in excess of 30 years, in the case of service retirement, or $59.40 multiplied by the
number of years of his creditable service not in excess of 30 years, in the case of disability
retirement. Any increase provided in the retirement allowance payment under this section for
a member who retired under the provisions of any optional benefit elected pursuant to subsection
(d) of Section 36-27-16 shall accrue only to the retired member,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-17.htm - 2K - Match Info - Similar pages

11 through 20 of 391 similar documents, best matches first.
<<previous   Page: 1 2 3 4 5 6 7 8 9 10   next>>