Alabama § 45-49A-63.81 Optional Forms of Payment

Alabama Statutes

§ 45-49A-63.81 — Optional Forms of Payment

Alabama § 45-49A-63.81

JurisdictionAlabama

Title 45Local Laws

Ch. 49AMobile County Municipalities

Art. 6Mobile

Part 4Policemen’s and Firemen’s Pension and Relief System

Subpart 5Payment of Benefits

This text of Alabama § 45-49A-63.81 (Optional Forms of Payment) 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 § 45-49A-63.81 (2026).

Text

(a)Any member entitled to a benefit under Section 45-49A-63.60, Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 may elect to receive the benefit payable to him or her in one of the following optional forms:

(1)OPTION 1. A pension payable during the member’s life only with no benefits payable upon his or her death.

(2)OPTION 2. A modified pension of equivalent actuarial value to his or her benefit determined under Option 1, payable during the member’s life, and after his or her death payable at 50 percent or 100 percent, as the member may elect, of the rate of his or her modified pension during the life of, and to, his or her beneficiary.

(3)OPTION 3. A modified pension of equivalent actuarial value to his or her benefit determined under Option 1, payable during the memb

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(a) Any member entitled to a benefit under Section 45-49A-63.60, Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 may elect to receive the benefit payable to him or her in one of the following optional forms:
(1) OPTION 1. A pension payable during the member’s life only with no benefits payable upon his or her death.
(2) OPTION 2. A modified pension of equivalent actuarial value to his or her benefit determined under Option 1, payable during the member’s life, and after his or her death payable at 50 percent or 100 percent, as the member may elect, of the rate of his or her modified pension during the life of, and to, his or her beneficiary.
(3) OPTION 3. A modified pension of equivalent actuarial value to his or her benefit determined under Option 1, payable during the member’s life, and after his or her death payable at 50 percent or 100 percent, as the member may elect, of the rate of his or her modified pension during the life of, and to, his or her beneficiary; provided, however, if the member’s beneficiary predeceases the member, the member shall thereafter receive 100 percent of his or her pension for the remainder of his or her life and no benefits shall be payable upon the member’s death.
(b) If a member dies after his or her benefit payments have commenced, any payments continuing on to his or her beneficiary shall be distributed at least as rapidly as under the method of distribution being used as of the member’s date of death.