Section 16-25-15 – Increase in Benefits – Ten Percent.
Section 16-25-15 Increase in benefits – Ten percent. (a) On or after October 1, 1969, there is hereby provided to any teacher who was receiving a retirement allowance from the Teachers’ Retirement System of Alabama and who was retired prior to October 1, 1969, an increase in his or her maximum retirement allowance in the […]
Section 16-25-30 – Students in Primary or Secondary School and Persons Whose Employment Is Incidental to Status as Student at Public Institution of Higher Learning Ineligible to Participate.
Section 16-25-30 Students in primary or secondary school and persons whose employment is incidental to status as student at public institution of higher learning ineligible to participate. (a) No person who is a student in a primary or secondary school shall be eligible to participate in the Teachers’ Retirement System of Alabama. (b) No person […]
Section 16-25-16 – Increase in Benefits – Additional Five Percent.
Section 16-25-16 Increase in benefits – Additional five percent. (a) On or after October 1, 1971, there is hereby provided to any teacher who was receiving an increased retirement allowance under the provisions of Section 16-25-15 an increase in his or her retirement allowance by an amount of up to five percent, excluding that part […]
Section 16-25-31 – Effective Date of Benefits; Additional Costs of Benefits; Employer Agreeing to Come Under Provisions.
Section 16-25-31 Effective date of benefits; additional costs of benefits; employer agreeing to come under provisions. The benefits provided by Sections 16-25-14(a), 16-25-14(g), 36-27-16(a), 36-27-16(c) and 36-27B-3, as amended by amendment of May 5, 1988, shall become effective to the Teachers’ and Employees’ Retirement System the first day of the month next following certification by […]
Section 16-25-17 – Increase in Benefits – Cost-of- Living Increase for Certain Persons.
Section 16-25-17 Increase in benefits – Cost-of- living increase for certain persons. (a) There is hereby created a cost-of-living increase, not to exceed 15 percent in any case, which shall be applied to the benefit of any retired teacher or any teacher who retires after October 1, 1975, whose retirement benefit, when calculated upon the […]
Section 16-25-32 – Admission of Employees and Members of State Employees’ Association, the Alabama Retired State Employees’ Association and the State Credit Union Into Teachers’ Retirement System.
Section 16-25-32 Admission of employees and members of State Employees’ Association, the Alabama Retired State Employees’ Association and the State Credit Union into Teachers’ Retirement System. (a) The governing body of the Alabama State Employees’ Association, the Alabama Retired State Employees’ Association and the State Employees’ Credit Union may, by resolution legally adopted to conform […]
Section 16-25-11.15 – Purchase of Credit for Prior Service With Eligible Employer Under Employees’ Retirement System.
Section 16-25-11.15 Purchase of credit for prior service with eligible employer under Employees’ Retirement System. (a)(1) Any person who, as of July 1, 1990, is an officer or a regular employee of an employer participating in the Teachers’ Retirement System and who has previously been employed by another employer eligible for participation in the Employees’ […]
Section 16-25-18 – Redetermination of Allowances of Certain Retired Members.
Section 16-25-18 Redetermination of allowances of certain retired members. (a) Any member who retired prior to October 1, 1975 and who has served in the armed services, as described in Section 16-25-3, shall be entitled to claim such full-time military service and to have all retirement allowances due on or after October 1, 1975 redetermined […]
Section 16-25-33 – Term Life Insurance Fund; Payment of Benefits; Funding.
Section 16-25-33 Term Life Insurance Fund; payment of benefits; funding. (a) A separate fund to be known as the Term Life Insurance Fund is hereby established within the Teachers’ Retirement System of Alabama. Such fund shall consist of all monies paid by the employers for term life insurance, and of the investment earnings of such […]
Section 16-25-11.16 – Purchase of Credit for Prior Service to Southeastern Educational Laboratory Program.
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 […]