(a) Any law to the contrary notwithstanding, any member of the Employees' Retirement System of Alabama who has 10 or more years of creditable service in the Employees' Retirement System of Alabama immediately prior to October 1, 1990 and who is employed by the State of Alabama at the time this bill becomes law, may hereby claim and purchase credit within the Employees' Retirement System of Alabama for all the time which such member has served as an employee of the Alabama State Docks and was paid through the Alabama State Docks Terminal Railway payroll and for which he is not otherwise eligible for credit in the Employees' Retirement System or any other retirement plan funded in whole or in part by the state except under the United States Social Security Act.
(b) Any member eligible to claim and purchase such credit for service under subsection (a) of this section shall be awarded creditable service in the Employees' Retirement System of Alabama provided he or she shall pay into the system prior to said member's date of retirement or prior to April 1, 1991, whichever occurs first, a sum of money which is equal to a percentage of his current annual compensation or average final salary, whichever is higher; the applicable percentage of said annual compensation or average final salary, whichever is higher, shall be the sum of the prevailing percentage rates of employer and member contributions as required by the most recent actuarial valuation for each year of service credit under the provisions of this section.
(c) In order to receive credit in the Employees' Retirement System of Alabama as described in subsection (a) of this section, the member shall waive any and all benefits for which he is presently eligible, or may become eligible in the future, under federal railroad retirement law. A member's failure to waive these benefits will prohibit any credit of prior service by the Employees' Retirement System of Alabama. Under no circumstances shall a person receive benefits from more than one pension plan for the same employment service.
(d) The provisions of this section that allow credit by the Employees' Retirement System of Alabama for prior Alabama State Docks Terminal Railway service shall terminate on April 1, 1991, and no one shall be eligible to utilize any of the options granted herein if not fully exercised and paid prior to April 1, 1991.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27 - State Employees' Retirement System.
Article 2 - Reopening of System for Certain Employees.
Division 1 - General Provisions.
Section 36-27-40 - Definitions.
Section 36-27-41 - Employees for Whom System Reopened; Payment of Contributions.
Section 36-27-42 - Credit for Prior Service - Generally.
Section 36-27-43 - Credit for Prior Service - School Bus Driver, Mechanic or Maintenance Worker.
Section 36-27-44 - Interest on Contributions.
Section 36-27-45 - Redetermination of Allowance Payments Due on or After October 1, 1975.
Section 36-27-46 - Employer Cost Continuing Liability.
Section 36-27-47 - Appropriations.
Section 36-27-48 - Purchase of Prior Service Credits by Certain Active Members; Termination Date.
Section 36-27-48.1 - Credit in System for Period of Service for Which Position Excluded.
Section 36-27-49 - Purchase of Credit for Active Military Service; Limitations; Termination Date.
Section 36-27-51 - Credit to Officer or Employee for Prior Service With Another Eligible Employer.
Section 36-27-51.1 - Purchase of Credit for Prior Service by Member of City Retirement System.
Section 36-27-52 - Coverage for Official Court Reporters.
Section 36-27-54.1 - Purchase of Credit for Prior Service With Alabama State Docks.
Section 36-27-55.1 - Purchase of Credit for Prior Service With Alabama State Council on the Arts.
Section 36-27-55.2 - Purchase of Credit for Prior Service With State Economic Opportunity Office.
Section 36-27-55.3 - Purchase of Credit for Prior Service as a Welcome Center Employee.
Section 36-27-55.6 - Participation of Directors and Employees of Alabama State Council on the Arts.
Section 36-27-56.1 - Purchase of Credit for Prior Service as County Solicitor.
Section 36-27-57 - Purchase of Credit for Prior Service With District Attorney.
Section 36-27-58 - Purchase of Credit for Time on Maternity Leave.