(a) Any active, vested, and contributing member of the Teachers' Retirement System who has been employed in public education for a minimum of 10 years may claim and purchase service credit in the system not to exceed five years for prior service between 1974 and 1989 rendered to an educational institution of higher education that receives direct appropriations from the Education Trust Fund but does not participate in the Teachers' Retirement System. The certification of prior service claimed under this section shall conform to applicable administrative rules and procedures of the Teachers' Retirement System. Members shall receive credit for the prior service when they remit to the system the contributions required by subsection (b). No member shall receive credit for any service for which the member is already credited within the system or any public retirement plan, with the exception of the federal Social Security program.
(b) Any member who is eligible to purchase service credit pursuant to subsection (a) shall pay to the Secretary-Treasurer of the system, within one year from October 1, 2009, for the claimed service, the full actuarially determined cost for each year of claimed service as determined by the system's actuary.
(c) Any year of service purchased under this section shall not be considered in determining the out-of-pocket premium amount charged to retirees under Section 16-25A-8.1 or Section 36-29-19.7. Also, any service purchased under this section shall not entitle a member to be eligible for benefits under either the Public Education Employees' Health Insurance Plan or the State Employees' Health Insurance Plan any earlier than the member could have reached eligibility under the plan without the service purchased under this section.
Structure Code of Alabama
Chapter 25 - Teachers' Retirement System.
Article 1 - General Provisions.
Section 16-25-1 - Definitions.
Section 16-25-3.1 - Purchase of Credit for Service by Members Age 61 or Older at Time of Employment.
Section 16-25-4 - Transfer of Membership From the Employees' Retirement System of Alabama Generally.
Section 16-25-6 - Employees of Agricultural Experiment Station of Auburn University.
Section 16-25-7 - Certain Persons Employed by Alabama High School Athletic Association.
Section 16-25-8 - School Lunchroom Managers and Assistants.
Section 16-25-9 - Certain School Bus Drivers, Mechanics and Maintenance Workers - Generally.
Section 16-25-10.1 - Executive Officers and Employees of Alabama Association of School Boards.
Section 16-25-10.3 - Executive Officers and Employees of Alabama Vocational Association.
Section 16-25-10.11 - Officers and Employees of School Superintendents of Alabama.
Section 16-25-11 - Creditable Service.
Section 16-25-11.1 - Conversion of Unused Sick Leave Into Creditable Service in Retirement System.
Section 16-25-11.5 - Purchase of Credit for Employment in Support Personnel Position.
Section 16-25-11.11 - Purchase of Credit for Prior Service With Alabama State Council on the Arts.
Section 16-25-11.12 - Purchase of Service Credit for Time on Maternity Leave.
Section 16-25-11.14 - Purchase of Credit for Service Rendered to Authorized Employer.
Section 16-25-11.17 - Purchase of Credit for Prior Service With Department of Industrial Relations.
Section 16-25-11.18 - Purchase of Credit for Prior Service With United States Civil Service.
Section 16-25-11.19 - Purchase of Credit for Prior Service With Federal Bureau of Mines.
Section 16-25-12 - Prior Service Credit for Military Service During World War I.
Section 16-25-13.2 - Purchase of Credit for Prior Service at Walker College.
Section 16-25-14 - Retirement of Members; Benefits Generally.
Section 16-25-15 - Increase in Benefits - Ten Percent.
Section 16-25-16 - Increase in Benefits - Additional Five Percent.
Section 16-25-17 - Increase in Benefits - Cost-of- Living Increase for Certain Persons.
Section 16-25-18 - Redetermination of Allowances of Certain Retired Members.
Section 16-25-19 - Administration.
Section 16-25-20 - Management of Funds.
Section 16-25-21 - Method of Financing.
Section 16-25-23 - Exemptions From Execution; Recovery Actions.
Section 16-25-24 - False Statements; Correction of Errors.
Section 16-25-25 - Limitation on Membership.
Section 16-25-26 - Performance of Duties by Retired Persons; Service in Elected Public Office.
Section 16-25-26.1 - Election by University President to Resume Participation.
Section 16-25-33 - Term Life Insurance Fund; Payment of Benefits; Funding.