Section 36-27-21.8 – Cost-of-Living Increases to Retirees of Quasi-Public or Private Hospital Which Was Previously Public Hospital.
Section 36-27-21.8 Cost-of-living increases to retirees of quasi-public or private hospital which was previously public hospital. (a) The governing body of any quasi-public or private hospital which was previously a public hospital is hereby authorized to give cost-of-living increases to any retiree of the Employees’ Retirement System who was employed by any such hospital when […]
Section 36-27-21.9 – Cost-of-Living Increases to Retirees of Public Hospital Which Has Withdrawn From Participation.
Section 36-27-21.9 Cost-of-living increases to retirees of public hospital which has withdrawn from participation. Any public hospital which has withdrawn from participation in the Employees’ Retirement System is hereby authorized to pay any cost-of-living increases granted by law, including but not limited to the 1985 and 1988 cost-of-living increases, to any retiree of the Employees’ […]
Section 36-27-22 – Withholding of Amounts From Retirement Pay of Retired Employee to Pay Premium on State Group Hospitalization or Health Insurance Plan.
Section 36-27-22 Withholding of amounts from retirement pay of retired employee to pay premium on state group hospitalization or health insurance plan. (a) Any state employee who, at the time of his retirement is a member of and holds a policy in any state group hospitalization or health insurance plan, may in writing authorize the […]
Section 36-27-23 – Board of Control; Medical Board, Actuary.
Section 36-27-23 Board of Control; medical board, actuary. (a) The general administration and responsibility for the proper operation of the retirement system and for making effective this article are hereby vested in a board of trustees which shall be known as the Board of Control. (b) The board shall consist of 15 trustees as follows: […]
Section 36-27-24 – Funds for Assets of Retirement System – Creation; Composition; Disposition of Funds; Appropriations.
Section 36-27-24 Funds for assets of retirement system – Creation; composition; disposition of funds; appropriations. (a) Effective October 1, 1997, all the assets of the retirement system shall be credited according to the purpose for which they are held among three funds, namely, the Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. […]
Section 36-27-25 – Funds for Assets of Retirement System – Management.
Section 36-27-25 Funds for assets of retirement system – Management. (a) The Board of Control shall be the trustees of the several funds of the Employees’ Retirement System created by this article as provided in Section 36-27-24 and shall have full power to invest and reinvest the funds, through its Secretary-Treasurer in the classes of […]
Section 36-27-26 – Proposed Legislation Affecting System to Be Accompanied by Actuarial Estimate of Cost.
Section 36-27-26 Proposed legislation affecting system to be accompanied by actuarial estimate of cost. All proposed legislation affecting the Employees’ Retirement System of Alabama shall be accompanied by an actuarial estimate of the cost involved in such proposed legislation. (Acts 1973, No. 1284, p. 2196, § 1.)
Section 36-27-27 – Making of False Statement, etc., for Purpose of Defrauding Retirement System; Correction of Errors in Records and Payments to Beneficiaries or Members.
Section 36-27-27 Making of false statement, etc., for purpose of defrauding retirement system; correction of errors in records and payments to beneficiaries or members. (a) Any person who shall knowingly make any false statement or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud […]
Section 36-27-28 – Exemption From Execution; Recovery Actions.
Section 36-27-28 Exemption from execution; recovery actions. (a) Except as provided in subsection (b), the right of a person to a pension, an annuity, a retirement allowance or to the return of contributions, the pension, annuity or retirement allowance itself and any optional benefit or any other right accrued or accruing to any person under […]
Section 36-27-29 – Admissibility in Evidence of Photo-Reproduced Copies of Records or Documents Maintained by System.
Section 36-27-29 Admissibility in evidence of photo-reproduced copies of records or documents maintained by system. Official copies of records or documents maintained on microfilm, microfiche or other photo-reproductive material of archival quality by the Employees’ Retirement System shall be admissible as primary evidence in any legal, judicial or administrative proceeding or action for the purpose […]