§ 36-27-12.1 — Transfer of Service Credits, Etc., from Judicial Retirement Fund

Alabama § 36-27-12.1

• Jurisdiction: Alabama
• Title 36: Public Officers and Employees
• Ch. 27: State Employees’ Retirement System
• Art. 1: General Provisions

Text

(a) Any member of the Employees’ or Teachers’ Retirement System, who, not more than one year prior to becoming a member of the Employees’ or Teachers’ Retirement System, was a member of the Judicial Retirement Fund, may elect to transfer to the Employees’ or Teachers’ Retirement System, his or her creditable service and accumulated contributions, including the contributions of the employer, in the Judicial Retirement Fund, as provided in this section.
(b) Any member desiring to transfer the creditable service and contributions shall, after becoming a member of the Employees’ or Teachers’ Retirement System, notify the Board of Control of the 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 Judicial Retirement Fund to his or her account in the Employees’ or Teachers’ Retirement System.
(c) The Board of Control transferring the creditable service and contributions shall thereupon certify to the Boards of Control of the Employees’ or Teachers’ Retirement System and 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 Employees’ or Teachers’ Retirement System with the creditable service and accumulated contributions so certified.

Legislative History

(Acts 1993, No. 93-767, p. 1533, §1.)