|
45-37-123.22
Section 45-37-123.22 Powers and duties of the pension board. (a) The pension board shall be
responsible for the general administration and proper operation of the plan, and shall administer
the plan for the exclusive benefit of the members and their beneficiaries, subject to the
specific terms of the plan. The pension board shall administer the plan in accordance with
its terms and shall have the power and discretion to construe the terms of the plan and the
act and to determine all questions arising in connection with the administration, interpretation,
and application of the plan. Any such determination by the pension board shall be conclusive
and binding upon all persons. The pension board may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to such extent as
shall be deemed necessary or advisable to carry out the purpose of the plan; provided, however,
that any procedure, discretionary act, interpretation, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.22.htm - 5K - Match Info - Similar pages
16-13-231
Section 16-13-231 Purposes and plan of apportionment. (a) In addition to all other appropriations
and apportionments of public school money now provided by law and made available for public
schools there shall be apportioned and paid to local boards of education from the Foundation
Program Fund, the amounts to be determined as hereinafter provided and in accordance with
regulations of the State Board of Education. This Foundation Program Fund shall be used principally:
(1) To aid in providing at least a 180 full instructional day minimum school term, or the
hourly equivalent thereof, except as otherwise provided in paragraph c. of subdivision (1)
of subsection (b); and, (2) To assist in the promotion of educational opportunity for all
children in the public schools. (b) The following requirements and procedures, supplemented
when necessary by regulations of the State Board of Education, shall govern the apportionment
of the fund: (1) REQUIREMENTS FOR PARTICIPATING IN FUND. In order for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-231.htm - 14K - Match Info - Similar pages
36-26-6
Section 36-26-6 State Personnel Board - Meetings; powers and duties generally. (a) The board
shall hold regular meetings at least once each month and may hold such additional meetings
as may be required for the proper discharge of its duties. (b) It shall be the duty of the
board as a body: (1) To adopt and amend, after public hearings, rules and regulations for
the administration of this article as provided in Section 36-26-9; (2) To adopt, modify or
reject, after public hearings, such classification and compensation plans for the state service,
together with rules for their administration, as may be recommended by the director after
a thorough survey of the personnel and departmental organizations included in such plan or
plans; (3) To make investigations, either on petition of a citizen, taxpayer or interested
party or of its own motion, concerning the enforcement and effect of this article and to require
observance of its provisions and the rules and regulations made pursuant...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-26-6.htm - 2K - 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
16-25-19
Section 16-25-19 Administration. (a) The general administration and responsibility for the
proper operation of the retirement system and for making effective the provisions of this
chapter are hereby vested in a board of trustees which shall be known as the Board of Control
and shall be organized immediately after a majority of the trustees provided for in this section
shall have qualified and taken the oath of office. (b) The board shall consist of 15 trustees
as follows: (1) The State Superintendent of Education, ex officio. (2) The State Treasurer,
ex officio. (3) The state Director of Finance, ex officio. (4) Twelve elected members of the
retirement system. Those 12 members shall consist of representatives elected from each of
the following categories: two shall be retired members, one shall be a city or county superintendent,
one shall be a principal, one shall be a member from an institution of postsecondary education
that is part of the Alabama Community College System, two...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-19.htm - 9K - Match Info - Similar pages
36-27-21.3
Section 36-27-21.3 Cost-of-living increases; funding. (a) There is hereby provided, commencing
October 1, 1982, to any person retired prior to October 1, 1981, under the Teachers' Retirement
System or Employees' Retirement System of Alabama and who is receiving a retirement allowance
therefrom, a cost-of-living increase of $1.00 per month for each year of creditable service
attained by said member; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 shall receive an increase of $.50 per month for each year of creditable service
attained by said member. In addition to the foregoing amount an additional $1.00 per month
increase may be granted upon the occurrence of certain conditions set forth in subsection
(e) of this section; provided any person retired under the provisions of Section 36-27-7,
or 36-27-7.1 may receive an additional $.50 per month increase upon the occurrence of certain
conditions pursuant to subsection (e) of this section. Effective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.3.htm - 9K - Match Info - Similar pages
36-27-21.5
Section 36-27-21.5 Cost-of-living increase for persons who retired before October 1, 1984;
retirees under Judicial Retirement Fund ineligible; funding of increase; eligibility of persons
retired from unit participating under Section 36-27-6; persons whose Medicaid benefits would
be impaired are ineligible; construction with other laws. (a) There is hereby provided contingent
upon the funding provisions of subsection (c) of this section, commencing October 1, 1985,
to each person whose effective date of retirement for purposes of receiving benefits from
the Employees' Retirement System was prior to October 1, 1984, a cost-of-living increase of
$2.00 per month for each year of creditable service attained by said member; provided, however,
that any person retired under the provisions of Section 36-27-7, or 36-27-7.1, shall receive
an increase of $1.00 per month for each year of creditable service attained by said member.
(b) Any person retired under the Judicial Retirement Fund of Alabama...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-21.5.htm - 6K - Match Info - Similar pages
45-8A-22.118
Section 45-8A-22.118 Maximum benefits; limitations; adjustments. (a) Annual Benefit and Final
Regulations Under Internal Revenue Code Section 415. (1) Annual Benefit. For purposes of this
section, "annual benefit" means the benefit payable annually under the terms of
the plan, exclusive of any benefit not required to be considered for purposes of applying
the limitations of Internal Revenue Code Section 415 to the plan, in the form of a straight
life annuity with no ancillary benefits. If the benefit is payable in any other form, the
annual benefit shall be adjusted to the equivalent of a straight life annuity pursuant to
subsection (c). (2) Final Regulations Under Internal Revenue Code Section 415. Notwithstanding
anything in this section to the contrary, the following provisions apply beginning on or after
January 1, 1976, except as otherwise provided in this section. a. Incorporation by Reference.
The limitations, adjustments, and other requirements prescribed in the plan shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.118.htm - 30K - Match Info - Similar pages
11-91A-2
Section 11-91A-2 Local Government Health Insurance Board; governance and administration of
program. (a) The Local Government Health Insurance Board shall govern and administer the Local
Government Health Insurance Program currently governed and administered by the State Employees'
Insurance Board (SEIB) pursuant to Chapter 29 of Title 36. The transfer of the governance
and administration to the board shall take effect at 12:01 a.m. on January 1, 2015, and thereafter
the board shall take all control and responsibility for the program under procedures and authority
set out in this chapter. (b) The program governed and administered by the board shall provide
a reasonable relationship between the health care benefits to be included and the expected
health care expenses to be incurred by affected employees, retirees, and their dependents.
The board may establish a fully insured or self-insured health care plan for employees and
retirees as defined in this chapter and may adopt rules for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-91A-2.htm - 5K - Match Info - Similar pages
36-29-19.7
Section 36-29-19.7 Retiree contribution based on years of service. (a) The board shall set
forth the employer contribution to the health insurance premium for each retiree class. (b)
For employees who retire other than for disability after September 30, 2005, but before January
1, 2012, the employer contribution to the health insurance premium set forth by the board
for each retiree class shall be reduced by two percent for each year of service less than
25 and increased by two percent for each year of service over 25, subject to adjustment by
the board for changes in Medicare premium costs required to be paid by a retiree. In no case
shall the employer contribution of the health insurance premium exceed 100 percent of the
total health insurance premium cost for the retiree. (c)(1) Except as provided in subdivision
(2), for employees who retire after December 31, 2011, the employer contribution to the health
insurance premium set forth by the board for each retiree class shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-29-19.7.htm - 3K - Match Info - Similar pages
|