Alabama § 16-25-11.3 Purchase of Credit by Employees of Junior Colleges and Technical Colleges for Leave of Absence

Alabama Statutes

§ 16-25-11.3 — Purchase of Credit by Employees of Junior Colleges and Technical Colleges for Leave of Absence

Alabama § 16-25-11.3

Title 16Education

Ch. 25Teachers’ Retirement System

Art. 1General Provisions

This text of Alabama § 16-25-11.3 (Purchase of Credit by Employees of Junior Colleges and Technical Colleges for Leave of Absence) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 16-25-11.3 (2026).

Text

(a)All employees of state junior colleges and state technical colleges who have been in such service for five years or more and who are participating in the Teachers’ Retirement System of Alabama on May 4, 1989, may elect to purchase credit for any time they were on leave of absence from such service between the dates of March 30, 1984, and July 1, 1986.

(b)Any employee electing to purchase credit pursuant to subsection (a) of this section shall pay to the Secretary-Treasurer within one year after May 4, 1989, a lump sum payment equal to a percentage of the current annual salary of such person; the applicable percentage shall be the sum of the prevailing percentage rates of employer and member contributions as required by the most recent actuarial valuation.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) All employees of state junior colleges and state technical colleges who have been in such service for five years or more and who are participating in the Teachers’ Retirement System of Alabama on May 4, 1989, may elect to purchase credit for any time they were on leave of absence from such service between the dates of March 30, 1984, and July 1, 1986.
(b) Any employee electing to purchase credit pursuant to subsection (a) of this section shall pay to the Secretary-Treasurer within one year after May 4, 1989, a lump sum payment equal to a percentage of the current annual salary of such person; the applicable percentage shall be the sum of the prevailing percentage rates of employer and member contributions as required by the most recent actuarial valuation.