§ 36-27-56 — Granting of Credit for Service as County Solicitor - Sum to Be Paid into Retirement System to Purchase Credit for Service

Alabama § 36-27-56

• 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

(a) Any active and contributing member of any member unit of the State of Alabama retirement systems who has been such a member for at least one year may hereby claim and purchase credit in his or her respective member unit of the State of Alabama retirement systems for service rendered to any county government as a county solicitor. Such retirement systems member shall be allowed to purchase such prior service for a period of prior service time not to exceed eight years’ total service as county solicitor.
(b) Any member eligible to claim and purchase credit for such county service under subsection (a) shall be awarded such credit under such member unit of the Retirement Systems of Alabama provided he or she shall pay into his or her respective retirement system fund prior to said member’s date of retirement and not later than October 1, 1993, a sum of money equal to a percentage of the member’s current annual compensation or average final salary, whichever is higher; the applicable percentage of said annual compensation or average final salary, whichever is higher, shall be the sum of the prevailing percentage rates of employer and member contributions as required by the most recent actuarial valuation for each year of service purchased, not to exceed eight years.

Legislative History

(Acts 1991, No. 91-585, p. 1074, §§1, 2.)