§ 36-27-53.1 — Election by Certain Active Members Who Had Employment with Legislature Prior to 1979 - Purchase Pursuant to Title 29

Alabama § 36-27-53.1

• Jurisdiction: Alabama
• Title 36: Public Officers and Employees
• Ch. 27: State Employees’ Retirement System
• Art. 2: Reopening of System for Certain Employees
• Div. 1: General Provisions

Text

Any active and contributing member of the Employees’ Retirement System, may hereby claim and purchase credit in the Employees’ Retirement System for up to four years’ time for employment by the Alabama Legislature pursuant to Chapters 4, 5 and 7 of Title 29, prior to 1979, provided, that such member shall pay into the Employees’ Retirement System the total amount he would have contributed had he been allowed to contribute at the position and salary level, together with interest not to exceed eight percent compounded annually from the date of service to the date of payment, and provided that he shall make such payment within one year from August 8, 1991. Provided, further, any active and contributing member who has previously purchased credit for said service rendered prior to 1979 is prohibited from purchasing such credit for the same service.

Legislative History

(Acts 1991, No. 91-685, p. 1334, §1.)