Section 36-27C-7 – Contributions.
Section 36-27C-7 Contributions. (a)(1) By September 1 of each year, the board, based on the funds appropriated by the Legislature for employer contributions to defined contribution savings plans for the ensuing fiscal year and the number of participants, shall determine the maximum amount of employer match contribution available for each participant. Nothing in this chapter […]
Section 36-27A-4 – Investments.
Section 36-27A-4 Investments. All investments shall be made pursuant to the same authority and restrictions that govern the investment of funds of the retirement systems of Alabama. (Acts 1982, 2nd Ex. Sess., No. 82-776, p. 278, §4; Acts 1991, No. 91-664, §1.)
Section 36-27C-8 – Administrative Cost.
Section 36-27C-8 Administrative cost. The administrative cost for the operation of the fund shall be provided through investment earnings or contributions to the fund. No additional state funds may be used to administer this chapter. (Act 2001-704, p. 1562, §1.)
Section 36-27A-5 – Eligibility.
Section 36-27A-5 Eligibility. The PEIRAF shall be available to all public employees in the State of Alabama who are members of the Teachers’ Retirement System, the Employees’ Retirement System or the Judicial Retirement Fund. In addition, any employee of an employer eligible to participate in the Employees’ Retirement System pursuant to the provisions of Section […]
Section 36-27C-9 – Relation to Other Retirement Provisions.
Section 36-27C-9 Relation to other retirement provisions. Nothing in this chapter shall limit or otherwise lessen the State of Alabama’s, current or future, obligation to fund the Employees’ Retirement System, the Teachers’ Retirement System, or the Judicial Retirement Fund. The provisions of this chapter, in whole or in part, may not be used to allow […]
Section 36-27A-6 – Contributions.
Section 36-27A-6 Contributions. Contributions to the PEIRAF may be deducted from each participating employee’s compensation or retirement allowance and transmitted to the PEIRAF in accordance with any limitations imposed by federal tax law for any tax deferred savings plan offered pursuant to the provisions of this chapter and pursuant to such rules and regulations as […]
Section 36-27A-7 – Administrative Cost.
Section 36-27A-7 Administrative cost. The administrative cost for the operation of the PEIRAF shall be provided from the expenses funds of the Employees’ Retirement System and the Teachers’ Retirement System. No additional state funds shall be used to administer the provisions of this chapter. (Acts 1982, 2nd Ex. Sess., No. 82-776, p. 278, §7; Act […]
Section 36-27B-1 – (Effective November 8, 2016, Subject to Contingencies) Creation and Effective Date of Program.
Section 36-27B-1 (Effective November 8, 2016, subject to contingencies) Creation and effective date of program. There shall be created the Preretirement Death Benefit Program effective October 1, 1985, which shall be effective as of that date to all employees covered under the Teachers’ Retirement System of Alabama and the Employees’ Retirement System of Alabama. Beginning […]
Section 36-27-182 – Amount of Increase – Persons Whose Employers Participated in Employees’ Retirement System.
Section 36-27-182 Amount of increase – Persons whose employers participated in Employees’ Retirement System. Commencing October 1, 2002, each person whose employer participated in the Employees’ Retirement System pursuant to Sections 36-27-7 and 36-27-7.1, whose effective date of retirement for purposes of receiving benefits from the Employees’ Retirement System is prior to October 1, 2001, […]
Section 36-27-201 – Amount of Increase – Persons Whose Employer Elects to Come Under Provisions.
Section 36-27-201 Amount of increase – Persons whose employer elects to come under provisions. (a) Commencing October 1, 2006, each person whose employer participated in the Employees’ Retirement System pursuant to Section 36-27-6, whose effective date of retirement for purposes of receiving benefits from the Employees’ Retirement System is prior to October 1, 2005, and […]