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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,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-15.2.htm - 5K - Match Info - Similar pages
45-37-123.22
designation, appoint at its option an investment manager, qualified under the Investment Company
Act of 1940, as amended, investment adviser, or other agent to provide direction regarding
any or all of the plan assets. Such appointment shall specifically identify the plan assets
with respect to which the investment manager or other agent shall have authority to direct
the investment. (12) To establish an investment policy. (13) To establish a privacy policy
for the protection of a member's personal information, subject to applicable law. (14)
To hold an annual meeting of the members at least once per calendar year and provide at least
seven days' written notice of the meeting to all members at either their place of work, last
known address, or by electronic mail. (15) To determine appropriate rules and regulations
to determine how much service per calendar year is equivalent to one year of service, in accordance
with Section 45-37-123.84. (16) To develop rules and regulations, amend...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.22.htm - 5K - Match Info - Similar pages
27-44-5
territories, or protectorates that do not have an association similar to the association created
by this chapter, shall be deemed residents of the state of domicile of the insurer that issued
the policies or contracts. (19) STATE. A state, the District of Columbia, Puerto Rico, and
a United States possession, territory, or protectorate. (20) STRUCTURED SETTLEMENT ANNUITY.
An annuity purchased in order to fund periodic payments for a plaintiff or other claimant
in payment for or with respect to personal injury suffered by the plaintiff
or other claimant. (21) SUPPLEMENTAL CONTRACT. A written agreement entered into for the distribution
of proceeds under a life, disability, or annuity policy or contract. (22) UNALLOCATED ANNUITY
CONTRACT. An annuity contract or group annuity certificate which is not issued to and owned
by an individual, except to the extent of any annuity benefits guaranteed to an individual
by an insurer under the contract or certificate. (Acts 1982, No. 82-561, p. 922,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-5.htm - 7K - Match Info - Similar pages
27-7-1
with or offering advice directly to a purchaser or prospective purchaser of a particular contract
of insurance concerning any of the substantive benefits, terms, or conditions of the contract,
provided that the person engaged in that act either sells insurance or obtains insurance from
insurers for purchasers. (17) PERSON. An individual or a business entity. (18) PROPERTY LINES
OF AUTHORITY. Any one or more of the following lines as defined in Section 27-7-14.1: Property;
casualty; and personal lines. (19) SELL. To exchange a contract of insurance by any
means, for money or its equivalent, on behalf of an insurance company. (20) SERVICE REPRESENTATIVE.
A natural person, other than an officer, manager, or managing general agent of the insurer,
employed on salary or at an hourly rate by an insurer, managing general agent, or a captive
producer to work for, with or through producers in selling, soliciting, or negotiating insurance
in the insurer or in the insurers represented by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-7-1.htm - 7K - 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
45-37-123.100
Section 45-37-123.100 Retirement benefits. (a) Superannuation retirement benefit. (1) ELIGIBILITY.
A member shall be eligible for a superannuation retirement benefit if: a. The member has 30
or more years of paid membership time, regardless of age; b. The member has 10 or more years
of paid membership time and has attained the age of 60; or c. The member has 30 years of service,
20 years of which are paid membership time, and has attained the age of 55. (2) CALCULATION
OF BENEFIT. If a member meets the foregoing eligibility criteria, then the member shall be
eligible to retire and receive a monthly benefit for the remainder of his or her life to be
determined by the following formula: a. Two and one-half percent multiplied by the basic average
salary multiplied by the number of years of paid membership time; plus b. Five-eights of one
percent multiplied by the basic average salary multiplied by the number of years of unpaid
membership time, if applicable. (3) SEVENTY-FIVE PERCENT...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.100.htm - 12K - Match Info - Similar pages
41-10-355
Section 41-10-355 Members of authority; officers; payment of bonds of authority; quorum; vacancies;
compensation; record of proceedings and use thereof as evidence; meetings. The applicants
named in the application and their respective successors in office shall constitute the members
of the authority. The Governor shall be the president of the authority, the commissioner shall
be the vice-president thereof, and the Director of Finance shall be the secretary thereof.
The State Treasurer shall be treasurer of the authority, shall act as custodian of the funds
of the authority, and shall pay the principal of and interest on the bonds of the authority
out of the funds hereinafter provided for; provided, that the State Treasurer may designate
one or more banks either within or without the state as the paying agent with respect to any
series of bonds issued under this article. The members of the authority shall constitute all
the members of the board of directors of the authority, and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-355.htm - 2K - Match Info - Similar pages
9-16-79
Section 9-16-79 Hearings and appeals procedure. Procedures for hearings and appeals under this
article shall be made as herein provided and in accordance with such general rules and regulations
as the regulatory authority may prescribe. These procedures shall take precedence over the
Alabama Administrative Procedure Act, which shall in no respect apply to proceedings arising
under this article. (1)a. A determination by the regulatory authority as specified by law
shall be made promptly and shall include a statement as to the action to be taken and reasons
therefor. Notice of the determination or decision shall be promptly given to the parties involved
by delivery or by mailing such notices to their last known addresses. When the regulatory
authority gives a notice of determination, unless an appeal is filed by any person having
an interest which may be adversely affected with the chief hearing officer within 30 days
of such notice such determination shall be deemed final and not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-16-79.htm - 11K - Match Info - Similar pages
16-60-86
Section 16-60-86 Members, officers and proceedings of authority. The applicants named in the
application and their respective successors in office shall constitute the members of the
authority. The Governor shall be the president of the authority, the State Superintendent
of Education shall be the vice-president thereof, and the Director of Finance shall be the
secretary thereof. The State Treasurer shall be the treasurer of the authority, shall act
as custodian of the funds of the authority and shall pay the principal of and interest on
the bonds of the authority out of the funds hereinafter provided for. The members of the authority
shall constitute all the members of the board of directors of the authority, and any two members
of the board of directors shall constitute a quorum for the transaction of business. Should
any person holding any state office named in this section cease to hold office by reason of
death, resignation, expiration of his term of office or for any other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-86.htm - 2K - Match Info - Similar pages
22-23A-5
Section 22-23A-5 Application to become corporation; filing and recordation; certificate of
incorporation; officers; board of directors; record of proceedings. (a) To become a corporation,
the Governor, the director of the department, the Director of Finance, and the two legislators
appointed to the authority in Section 22-23A-3 shall present to the Secretary of State of
Alabama an application signed by them which shall set forth: (1) The name, official designation
and official residence of each of the applicants, together with a certified copy of the commission
evidencing each applicant's right to office; (2) The date on which each applicant was inducted
into office and the term of office of each of the applicants; (3) The name of the proposed
corporation, which shall be the "Alabama Water System Assistance Authority"; (4)
The location of the principal office of the proposed corporation; and (5) Any other matter
relating to the incorporation which the applicants may choose to insert...
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