(a) Any provisions of Chapter 25 of this title, to the contrary notwithstanding, active and contributing members of the Teachers' Retirement System may purchase service credit in the system not to exceed one year for any period of time that they were required to be on leave from service without pay to comply with any state adoption law or regulation requiring a prospective adopting parent to stay home from work until the adoption process was finalized. The Board of Control of the Teachers' Retirement System shall adopt rules and regulations for the administration of this section including verification of the service that the member desires to purchase credit for in the system. The member shall receive credit for the service when he or she remits to the system the contributions required by subsection (b). Notwithstanding the foregoing language, no member of the Teachers' Retirement System shall be eligible to receive credit for any service that the member is already credited with in the system or in any other public retirement plan, with the exception of the federal Social Security program.
(b) Any member who is eligible to purchase service credit in the Teachers' Retirement System under subsection (a) shall pay to the Secretary-Treasurer of the system, within one year from October 1, 1993, for the claimed service, a sum equal to a percentage of his or her current annual earnable compensation or the average of his or her annual compensation for the two scholastic years immediately prior to the purchase, whichever is greater. The applicable percentage shall be the sum of the prevailing percentage rates of employer and member contributions, as required by the most recent actuarial valuations, for each year of service credit purchased.
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.