Alabama § 36-27C-2 Definitions

Alabama Statutes

§ 36-27C-2 — Definitions

Alabama·Title 36 Public Officers and Employees·Ch. 27C Public Employees Defined Contribution Savings Plan

As used in this chapter, the following terms have the following meanings:

(1)BOARD. The Board of Control of the Public Employees Defined Contribution Savings Fund.

(2)ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service.

(3)FUND. The Public Employees’ Defined Contribution Savings Fund.

(4)PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation or a 403(b) tax sheltered annuity plan, who is not a public school employee and who meets any of the following requirements: a. Is a member of the Teachers’ Retirement System. b. Is a member of the Employees’ Retirement System. c. Is a member of the Judicial Retirement Fund. d. Is an employee of an employer eligible to pa

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As used in this chapter, the following terms have the following meanings:
(1) BOARD. The Board of Control of the Public Employees Defined Contribution Savings Fund.
(2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service.
(3) FUND. The Public Employees’ Defined Contribution Savings Fund.
(4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation or a 403(b) tax sheltered annuity plan, who is not a public school employee and who meets any of the following requirements:
a. Is a member of the Teachers’ Retirement System.
b. Is a member of the Employees’ Retirement System.
c. Is a member of the Judicial Retirement Fund.
d. Is an employee of an employer eligible to participate in the Employees’ Retirement System pursuant to Section 36-27-6 which elects to participate.
e. Is a public official or public employee of the State of Alabama or any political subdivision thereof. As used in this chapter, “public official” does not include a person holding an elected state or local office.

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