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12-17-144
Section 12-17-144 Prior service credit. (a) Prior service credit may be obtained by a clerk
or register in office on October 1, 1976, for years served in the individual capacity of clerk
or register on a continuous basis. Prior service credit must either be for time served as
clerk or as register without allowance for service as both clerk and register; provided, that
prior service credit for each individual position may not be combined. A person seeking to
qualify as supernumerary clerk shall count only time served as clerk, and one seeking to qualify
as supernumerary register shall count only time served as register. Prior service credit may
also be obtained by a clerk or register for any years served in the capacity of probate judge,
provided such service as probate judge was continuous. If any person subject to the provisions
of this division shall seek to obtain prior service as either clerk or register, he shall
contribute to the Clerks' and Registers' Supernumerary Fund, State...
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12-18-55
Section 12-18-55 Eligibility for retirement of district judges; right of election of former
county court judges, district attorneys or assistant district attorneys serving as circuit
judges on January 16, 1977, to come under provisions of Article 1 of chapter; filing of notice
of election with Clerk of Supreme Court by same. (a) Any district judge shall be eligible
for retirement and may elect to be retired pursuant to this article if he: (1) Has served
as much as five years as a district judge or judge of a county court immediately prior to
retirement and has become permanently, physically, or mentally unable to carry out his duties
on a full-time basis, proof of such disability being made by certificate of three reputable
physicians; (2) Has served for 12 years as a district judge or judge of a county court and
has reached or passed the age of 65 years; (3) Has served for 15 years as a district judge
or judge of a county court and is not less than 62 years of age or has served as...
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16-25-110
Section 16-25-110 Cost-of-living increase in pension benefits to members and beneficiaries
of Teachers' Retirement System. Commencing October 1, 1996, there is provided to each person
currently receiving benefits whose effective date of retirement was prior to October 1, 1996,
for purposes of receiving benefits from the Teachers' Retirement System, and to certain beneficiaries
of deceased members and deceased retirees currently receiving survivor benefits, if the effective
date of retirement or death for the deceased retirees or deceased member was prior to October
1, 1996, for purposes of receiving benefits from the Teachers' Retirement System, a cost-of-living
increase of not less than twenty-five dollars ($25) per month and the increase shall be more
if determined as follows: (1) Two percent (2%) of the current gross benefit paid to the retiree
and to certain beneficiaries of deceased members and deceased retirees. (2) One dollar ($1)
per month for each year of service attained by...
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16-25-111
Section 16-25-111 Cost-of-living increase to members and beneficiaries of Employees' Retirement
System. (a) Commencing October 1, 1996, there is provided to certain persons identified in
subsection (b) of this section who are currently receiving benefits, whose effective date
of retirement was prior to October 1, 1996, for purposes of receiving benefits from the Employees'
Retirement System, and to certain beneficiaries of deceased members and deceased retirees
who are currently receiving survivor benefits if the effective date of retirement or death
for the deceased member or retiree was prior to October 1, 1996, for purposes of receiving
benefits from the Employees' Retirement System shall receive a cost-of-living increase of
not less than twenty-five dollars ($25) per month and the increase shall be more if determined
as follows: (1) Two percent (2%) of the current gross benefit paid to the retiree and to certain
beneficiaries of deceased members and deceased retirees. (2) One...
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16-25-120
Section 16-25-120 Cost-of-living increase in pension benefits to members and beneficiaries
of Teachers' Retirement System. Commencing October 1, 1998, there is provided to each person
currently receiving benefits whose effective date of retirement was prior to October 1, 1998,
for purposes of receiving benefits, and to certain beneficiaries of deceased members and deceased
retirees currently receiving survivor benefits, if the effective date of retirement or death
for the deceased retiree or deceased member was prior to October 1, 1998, for purposes of
receiving benefits from the Teachers' Retirement System, a cost-of-living increase of not
less than thirty dollars ($30) per month and the increase shall be more if determined as follows:
(1) Four percent of the current gross benefit paid to the retiree and to certain beneficiaries
of deceased members and deceased retirees. (2) Two dollars ($2) per month for each year of
service attained by the retiree for each retiree selecting the...
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16-25-121
Section 16-25-121 Cost-of-living increase to members and beneficiaries of Employees' Retirement
System. (a) Commencing October 1, 1998, there is provided to certain persons identified in
subsection (b) who are currently receiving benefits, whose effective date of retirement was
prior to October 1, 1998, for purposes of receiving benefits from the Employees' Retirement
System, and to certain beneficiaries of deceased members and deceased retirees who are currently
receiving survivor benefits if the effective date of retirement or death for the deceased
member or retiree was prior to October 1, 1998, for purposes of receiving benefits from the
Employees' Retirement System shall receive a cost-of-living increase of not less than thirty
dollars ($30) per month and the increase shall be more if determined as follows: (1) Four
percent of the current gross benefit paid to the retirees and to certain beneficiaries of
deceased members and deceased retirees. (2) Two dollars ($2) per month for...
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27-14-3
Section 27-14-3 Insurable interest - Personal insurance; preneed contracts. (a) Insurable interest
with reference to personal insurance is an interest based upon a reasonable expectation of
pecuniary advantage through the continued life, health, or bodily safety of another person
and consequent loss by reason of his or her death or disability or a substantial interest
engendered by love and affection in the case of individuals closely related by blood or by
law. (b) An individual has an unlimited insurable interest in his or her own life, health,
and bodily safety and may lawfully take out a policy of insurance on his or her own life,
health, or bodily safety and have the same made payable to whomsoever he or she pleases, regardless
of whether the beneficiary so designated has an insurable interest. (c) A corporation, foreign
or domestic, has an insurable interest in the life or physical or mental ability of any of
its directors, officers, or employees, or the directors, officers, or...
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36-27-11
Section 36-27-11 Determination of prior creditable service; computation of creditable service
at retirement; procedure for restoration of creditable service to certain persons; payment
of makeup contributions by certain persons. (a) Under such rules and regulations as the Board
of Control shall adopt, each member who was an employee prior to October 1, 1945, and who
has made up contributions for time served as a nonmember and who becomes a member prior to
September 1, 1966, shall file a detailed statement of all service as an employee rendered
by him prior to October 1, 1945, for which he claims credit. (b) The Board of Control shall
fix and determine by appropriate rules and regulations how much service in any year is equivalent
to one year of service, but in no case shall it allow any credit for a period of absence without
pay of more than one month's duration, nor shall more than one year of service be creditable
for all service in one calendar year. (c) Subject to the restrictions...
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36-27-21.1
Section 36-27-21.1 Increase in maximum retirement allowance of certain state, etc., employees
- 1978 cost-of-living increase and cost-of-living increases thereafter. (a) Except as hereinafter
provided, each person having retired under the provision of statutes governing the Teachers'
Retirement System or the Employees' Retirement System of Alabama prior to October 1, 1977,
shall be entitled to receive, in addition to present benefits, a supplemental benefit in an
amount based upon his present benefits, according to the following schedule: Present Benefits
Supplemental Benefit ($ per month) ($ per month) Less than 200.00 60.00 200.00 - 299.00 40.00
300.00 - or over 30.00 (b) There is hereby appropriated from the Education Trust Fund to the
Teachers' Retirement System of Alabama the sum of $6,424,920.00 (estimated), or as much as
is necessary to carry out the provisions of this section as they relate to the Teachers' Retirement
System of Alabama, for the fiscal year beginning October 1,...
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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...
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