As used in this chapter, the following terms have the following meanings:
(1) BOARD. The Board of Control of the Public Education 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 Education 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 plan or a 403(b) tax sheltered annuity plan and who is a member of the Teachers' Retirement System.
Structure Code of Alabama
Chapter 25C - Public Education Defined Contribution Savings Plan.
Section 16-25C-1 - Legislative Intent.
Section 16-25C-2 - Definitions.
Section 16-25C-3 - Fund; Creation; Board of Control.
Section 16-25C-4 - Operation of Board.
Section 16-25C-5 - Investments.
Section 16-25C-6 - Participation.
Section 16-25C-7 - Contributions.