36-21-195
Section 36-21-195 Effect of modifications; coverage for retired members upon return to active service. (a) All rights, annuities, and benefits provided herein shall be subject to future change by the Legislature, and subject to future changes or revisions as provided in this article, and no current or future member or beneficiary shall be deemed to have any vested right in the fund or to any annuity or benefit provided in this article. However, when the board has approved a member's application for a retirement annuity or benefit and the member has actually received benefits pursuant to the board's determination for a period of two years, then the board's determination as to the member's years of qualified service shall be conclusive, and the board shall not thereafter arrive at a different determination except in the case of fraud or misrepresentation of any fact by the applicant. (b) Any member who is receiving retirement benefits and returns to active fire fighting shall be covered...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-21-195.htm - 1K - Match Info - Similar pages
45-49A-63.170
Section 45-49A-63.170 Amendment of plan. (a) The board, with approval by a majority vote of the city council or like governing body of the city, reserves the right at any time and from time to time, and retroactively if deemed necessary or appropriate, to amend in whole or in part any or all of the provisions of the plan. However, no amendment shall make it possible for any part of the fund to be used for, or diverted to, purposes other than for the exclusive benefit of persons entitled to benefits under the plan, before the satisfaction of all liabilities with respect to such persons. The board's actions in amending the plan shall be effective without the approval of, or action by, any other governmental entity other than the city council as described in this subsection. Nothing in this section shall be construed as preventing a uniformed officer from requesting the Alabama Legislature to amend any provision of the plan. (b) Notwithstanding subsection (a), any plan amendment which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-63.170.htm - 1K - Match Info - Similar pages
45-8A-22.103
Section 45-8A-22.103 Trustee; pensions and benefits. (a) The retirement board or the person or entity appointed by the retirement board and named as trustee in any separate trust forming a part of the plan shall serve as the trustee of the trust (the "trustee"). It may adopt and enforce necessary rules and regulations to carry out the purposes of the plan and enable it to properly manage and administer the trust, including employing investment counselors and agents to invest and manage portions of the trust, as the retirement board may direct. (b) When the actuary certifies that the necessary funds are available, the retirement board, in accordance with Section 45-8A-22.101, may increase the benefits provided for retirees by passing a written board resolution which declares that the monthly benefit paid to each retiree, surviving spouse, or other beneficiary of the retiree shall be increased by a flat dollar amount per month, increased by a flat dollar amount per year of active service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.103.htm - 1K - Match Info - Similar pages
16-25A-12
Section 16-25A-12 Employees may elect not to participate; full state funding; subsequent election to participate. (a) Any board of education, institution, or other employer with employees as defined by Section 16-25A-1, may, upon a majority vote of its employees, elect not to participate in the basic medical plan authorized by the provisions of this article; provided, however, that for any fiscal year ending September 30 the Legislature appropriates the full amount certified pursuant to Section 16-25A-8(b), the board shall declare the plan of insurance coverage to be fully state-funded whereupon all employees of any board of education, institution, or other employer as defined hereinabove shall for that fiscal year and all subsequent fiscal years be declared members of the Public Education Employees' Health Insurance Plan. (b) Any employer electing not to participate in the basic medical plan shall certify to the board the names of their employees otherwise electing hospital/medical...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25A-12.htm - 2K - Match Info - Similar pages
36-29-51
Section 36-29-51 Health reimbursement arrangement. (a) As used in this section, the term health reimbursement arrangement or HRA means a plan qualifying as a health reimbursement arrangement as that term is defined under IRS Notice 2002-45 and a medical reimbursement plan under Sections 105 and 106 of the Internal Revenue Code of 1986, as amended. (b) The State Employees' Insurance Board may offer a health reimbursement arrangement to eligible active and retired state employees and their dependents. The terms and conditions of the HRA shall be established by the board in accordance with federal requirements and limitations. (c) Participants in the HRA are eligible to receive an employer contribution into the participant's HRA from the State Employees Insurance Fund in an amount to be determined by the board. Employer contributions into the participant's HRA shall not constitute compensation to an employee for the purposes of any statute fixing or limiting the compensation of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-29-51.htm - 1K - Match Info - Similar pages
45-8A-22.112
Section 45-8A-22.112 Credit for military service. (a) Qualified Military Service. The plan will grant continuous service in accordance with the Uniformed Services Employment and Reemployment Rights Act of 1994 ("USERRA"), 38 U.S.C. Sections 4301 through 4333, for a participant who is an employee immediately prior to the commencement of qualified military service, as defined in Code Section 414(u)(5), provided such participant: (1) Provides the City of Anniston with advance written notice of the qualified military service. (2) Has accumulated five years or less of qualified military service while employed with the City of Anniston. (3) Returns to work or applies for reemployment within the applicable time period specified in subsections (b)(1) through (4). (4) Has not been separated from the qualified military service with a disqualifying discharge or under other than honorable conditions. (b) Time frame for Reemployment. Under USERRA, the time period in which a participant must return...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.112.htm - 4K - 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, ยง15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.114.htm - 1K - Match Info - Similar pages
11-104-3
Section 11-104-3 Establishment of trust or participation in multiple-employer trust; management and control; taxation; validity; termination. (a) A governmental entity may adopt an ordinance, bylaw, or resolution allowing for the establishment of a trust, or for the establishment of participation in a multiple-employer trust with other governmental entities, for the sole purpose of funding post-employment benefit obligations. The governmental entity may adopt such ordinance, bylaw, or resolution through voting procedures and requirements currently utilized by the governmental entity which are in accordance with state law. (b) Any trusts created pursuant to this chapter shall be evidenced by a written trust instrument, the terms and conditions of which shall be determined by and between the governmental entity or entities and the applicable trustee, so long as such terms and conditions do not conflict with this chapter. Each trust shall be managed and controlled by its respective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-104-3.htm - 3K - Match Info - Similar pages
12-17-227.4
Section 12-17-227.4 (Effective November 8, 2016, subject to contingencies) Service retirement allowance. (a) Any member who withdraws from service upon or after attainment of age 62 may retire upon written application to the Board of Control setting forth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he or she desires to be retired; provided, that any such member shall have completed 10 or more years of membership service in the District Attorneys' Plan. (b) Any member who has attained age 62 and has previously withdrawn from service may retire upon written application to the Board of Control setting forth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he or she desires to be retired; provided, that any such member shall have completed 10 or more years of membership service. (c) Upon retirement from service, the member shall receive a service retirement allowance which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-227.4.htm - 1K - Match Info - Similar pages
12-18-154
Section 12-18-154 (Effective November 8, 2016, subject to contingencies) Service retirement allowance. (a) Any member who withdraws from service upon or after attainment of age 62 may retire upon written application to the Board of Control setting forth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he or she desires to be retired; provided, that any such member shall have completed 10 or more years of membership service in the Judges' and Clerks' Plan. (b) Any member who has attained age 62 and has previously withdrawn from service may retire upon written application to the Board of Control setting forth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he or she desires to be retired; provided, that any such member shall have completed 10 or more years of membership service. (c) Upon retirement from service, a member who is a clerk shall receive a service retirement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-154.htm - 2K - Match Info - Similar pages
|