Alabama § 36-27-44 Interest on Contributions

Alabama Statutes

§ 36-27-44 — Interest on Contributions

Alabama § 36-27-44

JurisdictionAlabama

Title 36Public Officers and Employees

Ch. 27State Employees’ Retirement System

Art. 2Reopening of System for Certain Employees

Div. 1General Provisions

This text of Alabama § 36-27-44 (Interest on Contributions) 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 § 36-27-44 (2026).

Text

Any law or part of law relating to the payment of interest on contributions as a prerequisite to the granting of credit for withdrawn, terminated, nonmembership or military service under the Employees’ Retirement System notwithstanding, any eligible employee, member or retired member who claims such service shall pay into the retirement system, in addition to the contributions required, interest of eight percent, compounded annually, on such contributions, as a prerequisite to the granting of said service credit.

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Any law or part of law relating to the payment of interest on contributions as a prerequisite to the granting of credit for withdrawn, terminated, nonmembership or military service under the Employees’ Retirement System notwithstanding, any eligible employee, member or retired member who claims such service shall pay into the retirement system, in addition to the contributions required, interest of eight percent, compounded annually, on such contributions, as a prerequisite to the granting of said service credit.