Alabama § 12-18-110 Transfer of Contributions and Creditable Service - Eligibility Period; Procedure

Alabama Statutes

§ 12-18-110 — Transfer of Contributions and Creditable Service - Eligibility Period; Procedure

Alabama·Title 12 Courts·Ch. 18 Judicial Retirement·Art. 5 Transfer of Contributions and Creditable Service from Employees’retirement System and Teachers’ Retirement System to Judicial Retirement Fund

(a)Any member of the Judicial Retirement Fund, who, not more than one year prior to becoming a member of the Judicial Retirement Fund, was a member of the Employees’ Retirement System of Alabama or the Teachers’ Retirement System of Alabama may elect to transfer to the Judicial Retirement Fund his or her creditable service and accumulated contributions in the Employees’ or Teachers’ Retirement System, as provided in this article.

(b)Any member desiring to transfer any creditable service and contributions shall notify the Board of Control of the Employees’ Retirement System of his or her election to transfer the creditable service and shall authorize transfer of the amount of his or her accumulated contributions to his or her credit in the Employees’ or Teachers’ Retirement System to his

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(a) Any member of the Judicial Retirement Fund, who, not more than one year prior to becoming a member of the Judicial Retirement Fund, was a member of the Employees’ Retirement System of Alabama or the Teachers’ Retirement System of Alabama may elect to transfer to the Judicial Retirement Fund his or her creditable service and accumulated contributions in the Employees’ or Teachers’ Retirement System, as provided in this article.
(b) Any member desiring to transfer any creditable service and contributions shall notify the Board of Control of the Employees’ Retirement System of his or her election to transfer the creditable service and shall authorize transfer of the amount of his or her accumulated contributions to his or her credit in the Employees’ or Teachers’ Retirement System to his or her account in the Judicial Retirement Fund.
(c) Following receipt of notice, the Board of Control transferring the creditable service and contributions shall certify to the Board of Control of the Employees’ Retirement System and to the Judicial Retirement Fund the amount of contributions and service creditable to the member at the time of separation from the transferring retirement system. The member shall be credited in the Judicial Retirement Fund with the creditable service and accumulated contributions so certified.

Alabama § 12-18-110 (Transfer of Contributions and Creditable Service - Eligibility Period; Procedure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.