Section 36-27-171 – Withdrawal From Service; Death of Participant.
Section 36-27-171 Withdrawal from service; death of participant. (a) On withdrawing from service pursuant to Section 36-27-16, a member who participated in DROP: (1) Who fulfilled his or her contractual obligation pursuant to DROP shall receive a lump-sum payment from his or her DROP account equal to the payments made to that account on his […]
Section 36-27-193 – Duties of Board and Employer.
Section 36-27-193 Duties of board and employer. The Board of Control of the Employees’ Retirement System shall determine annually the amount required to pay the cost of the increased allowance provided under Sections 36-27-190 and 36-27-192, and shall notify the chief fiscal officer of each employer of the per centum rates of earnable compensation of […]
Section 36-27-172 – Relation to Federal Law.
Section 36-27-172 Relation to federal law. At no time shall any provision or implementation of such provision pertaining to DROP be contrary to the rules and regulations of the federal law governing governmental plans. DROP is intended to operate in accordance with Section 415 and other applicable sections of the United States Internal Revenue Code. […]
Section 36-27-194 – Pensioners Who Retired Prior to Membership of Employer in System; Beneficiaries.
Section 36-27-194 Pensioners who retired prior to membership of employer in system; beneficiaries. (a) Commencing October 1, 2005, any retired employee who retired from a city, town, county, or public or quasi-public organization of the state before the city, town, county, or public or quasi-public organization of the state became a member of the Employees’ […]
Section 36-27-173 – Relation to Section 36-27-6.
Section 36-27-173 Relation to Section 36-27-6. This article shall not apply to any unit participating pursuant to Section 36-27-6, unless the governing body of such employer shall agree to come under this section and assume any costs associated with implementation of the DROP program. When such a unit exercises an option to participate in the […]
Section 36-27-195 – Pensioners Who Retired Prior to Membership of Employer and Receiving Benefits Not Administered by System.
Section 36-27-195 Pensioners who retired prior to membership of employer and receiving benefits not administered by system. Commencing October 1, 2005, any pensioner or annuitant who retired prior to October 1, 2004, from a city, town, county, or public or quasi-public organization of the state before the city, town, county, or public or quasi-public organization […]
Section 36-27-174 – Incentives for Participation in Plan.
Section 36-27-174 Incentives for participation in plan. Notwithstanding the foregoing provisions of this article or any other laws to the contrary, no employer whose employees are covered under the Employees’ Retirement System shall offer any incentives of value including, but not limited to, monetary payments, prepayment of health insurance, or extraordinary payments for accrued leave, […]
Section 36-27-196 – Notification of Employers Who Have Withdrawn From Participation.
Section 36-27-196 Notification of employers who have withdrawn from participation. The Board of Control of the Employees’ Retirement System shall make all reasonable efforts to notify any employer who participated in the Employees’ Retirement System and has withdrawn from participation by August 4, 2005, that the cost-of-living increase provided for in Section 36-27-190 is available […]
Section 36-27-135 – Pensioners Who Retired Prior to Membership of Employer in System.
Section 36-27-135 Pensioners who retired prior to membership of employer in system. Commencing October 1, 1996, any pensioner who retired from a city, town, county, or public or quasi-public organization of the state before the city, town, county, or public or quasi-public organization of the state became a member of the Employees’ Retirement System, and […]
Section 36-27-151 – Amount of Increase – Persons Whose Employer Elects to Come Under Provisions.
Section 36-27-151 Amount of increase – Persons whose employer elects to come under provisions. (a) Commencing October 1, 2000, 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 July 1, 2000, and […]