|
16-25-11.12
Section 16-25-11.12 Purchase of service credit for time on maternity leave. (a) Any provision
of this chapter, to the contrary notwithstanding, active and contributing members of the Teachers'
Retirement System may purchase service credit in the system not to exceed one year for any
period of time while they were on maternity leave from service without pay. The Board of Control
of the Teachers' Retirement System shall adopt rules and regulations for the administration
of this section including verification of the service that the member desires to purchase
credit for in the system. The member shall receive credit for the service when he or she remits
to the system the contributions required by subsection (b). Notwithstanding the foregoing
language, no member of the Teachers' Retirement System shall be eligible to receive credit
for any period of time that the member is already credited with in the system or in any other
retirement plan, with the exception of the federal Social Security...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.12.htm - 1K - Match Info - Similar pages
45-37A-51.198
Section 45-37A-51.198 Purchase of credit for prior unclassified service. (a) Any employee member
having been a full-time employee in the unclassified service of the city, prior to January
1, 1989, as a common laborer for less than 10 years, shall have had the election options available
under the terms of subsection (d) of Section 45-37A-51.162 and Section 45-37A-51.163 and shall
have purchased time not later than May 15, 1989. In the case of reemployment of an unclassified
employee, such employee with unclassified time prior to January 1, 1989, and having received
a return of contributions at his or her termination of prior employment, may purchase this
creditable service time as otherwise provided in Section 45-37A-51.195. The city shall pay
an amount equal to the employee's total cost of purchase for prior credited service into the
fund for the city's contribution for the period of service. (b) To receive credit in the system
for such prior unclassified service, the employee member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.198.htm - 1K - Match Info - Similar pages
36-27-54.1
Section 36-27-54.1 Purchase of credit for prior service with Alabama State Docks. (a) Any active
and contributing member of the Employees' Retirement System, who is employed by the Alabama
State Docks on October 1, 1993, may purchase credit in the Employees' Retirement System for
prior service with the state docks if the member has not received credit in the system for
the same prior service and has not vested or otherwise become eligible to receive a retirement
benefit by using the same prior service credit in another pension plan offered by the state
docks. (b) A member of the Employees' Retirement System who is eligible to purchase any prior
service credit under subsection (a) shall receive the credit if he or she pays into the system
on or before his or her date of retirement, an amount of five percent of the greater of the
member's current annual earnable compensation or average final compensation for the entire
period of prior service claimed, or any portion thereof, plus eight...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-54.1.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-112.htm - 4K - Match Info - Similar pages
16-25-11.16
Section 16-25-11.16 Purchase of credit for prior service to Southeastern Educational Laboratory
Program. (a) Any active and contributing member of the Teachers' Retirement System may claim
and purchase service credit in the system not to exceed two years for prior service as a full-time
employee of the Southeastern Educational Laboratory Program for the period of time between
September 1, 1967, and March 31, 1969. The certification of prior service claimed under this
section shall conform to applicable administrative rules and procedures of the Teachers' Retirement
System. Members shall receive credit for the prior service when they remit to the system the
contributions required by subsection (b). No member shall receive credit for any service that
the member is already credited with in the system or any other public retirement plan, with
the exception of the federal Social Security program. (b) Any member who is eligible to purchase
service credit pursuant to subsection (a) shall pay...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.16.htm - 1K - Match Info - Similar pages
16-25-11.8
Section 16-25-11.8 Purchase of credit for time on leave from service without pay due to adoption
requirements. (a) Any provisions of Chapter 25 of this title, to the contrary notwithstanding,
active and contributing members of the Teachers' Retirement System may purchase service credit
in the system not to exceed one year for any period of time that they were required to be
on leave from service without pay to comply with any state adoption law or regulation requiring
a prospective adopting parent to stay home from work until the adoption process was finalized.
The Board of Control of the Teachers' Retirement System shall adopt rules and regulations
for the administration of this section including verification of the service that the member
desires to purchase credit for in the system. The member shall receive credit for the service
when he or she remits to the system the contributions required by subsection (b). Notwithstanding
the foregoing language, no member of the Teachers'...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.8.htm - 2K - Match Info - Similar pages
36-27-55.1
Section 36-27-55.1 Purchase of credit for prior service with Alabama State Council on the Arts.
(a) Any active and contributing member of the Employees' Retirement System may purchase credit
in the Employees' Retirement System for prior service with the Alabama State Council on the
Arts if the member has not received credit in the system for the same prior service and has
not vested or otherwise become eligible to receive a retirement benefit by using the same
prior service credit in another pension plan offered by the council. (b) A member of the Employees'
Retirement System who is eligible to purchase any prior service credit under subsection (a)
of this section shall receive the credit if he or she pays into the system on or before his
or her date of retirement, an amount of five percent of the greater of the member's current
annual earnable compensation or average final compensation, whichever is greater, as determined
by the actuary for the system, for the entire period of prior...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-55.1.htm - 1K - Match Info - Similar pages
45-37A-51.07
Section 45-37A-51.07 Retirement allowance and survivor's allowance. (a)(1) The words, terms,
and phrases of this section shall have the meaning ascribed to them by Act 929, unless it
appears from the context that a different meaning is intended. As used in this section and
Section 45-37A-51.11, these words and terms have the meanings hereby accorded them: a. DEFERRED
PENSION UNDER THE GENERAL RETIREMENT AND RELIEF SYSTEM. A pension granted to a firefighter
or police officer under Act 929, the payment of which does not commence until the pension
granted to such firefighter or police officer under this subpart ceases. b. DISABLED CHILD.
A firefighter's or police officer's son or daughter regardless of age who becomes disabled
prior to attaining age 18 with a medically determinable physical or mental impairment or impairments,
by reason of which impairment, or impairments, the son or daughter has been unable, and continues
to be unable, to engage in any substantially gainful activity. c....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.07.htm - 8K - Match Info - Similar pages
45-37A-51.249
Section 45-37A-51.249 Heroes Earnings Assistance and Relief Tax Act of 2008 provisions. In
the case of a death or disability occurring on or after January 1, 2007, if a participant
dies while performing qualified military service, as defined in § 414(u), Internal Revenue
Code, the survivors of the employee are entitled to any additional benefits, other than benefit
accruals relating to the period of qualified military service, provided under the plan as
if the participant had resumed and then terminated employment on account of death. (Act 2011-585,
p. 1289, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.249.htm - 886 bytes - Match Info - Similar pages
36-26-14
Section 36-26-14 Deferred compensation plans for certain employees. (a) The personnel board
may adopt, establish, and maintain a deferred compensation plan or plans, except under Internal
Revenue Code Section 403 (b), for the employees of the State of Alabama or any city, town,
county, or public entity or corporation organized pursuant to the laws of this state. Notwithstanding
the foregoing, prior to the employees of a county or political subdivision of the county participating
in a plan, the employing county or political subdivision of the county shall approve participation
in the plan. The personnel board may include in any such plan any provision that does not
cause the plan to fail to qualify for its tax-favored treatment under the United States Internal
Revenue Code, including, but not limited to, participant loans, unforeseeable emergency or
hardship distributions, Roth deferrals, rollovers, transfers to purchase service credit, and
distributions to purchase a retired public...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-26-14.htm - 3K - Match Info - Similar pages
|