(a) An active and contributing member of the Employees' Retirement System, who is also a vested member of the system, may purchase service credit in the system not to exceed five years for any period of prior service while he or she was employed at a welcome center for the state while employees of the welcome centers were not allowed to be members of the system. The Board of Control of the Employees' Retirement System shall adopt rules and regulations for the administration of this section including verification of the prior service for which the member desires to purchase credit 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 Employees' Retirement System shall be eligible to receive credit for any period of time for which the member is already receiving credit in the system or in any other retirement plan, with the exception of the federal Social Security program.
(b) Any employee electing to purchase service credit pursuant to subsection (a) shall remit to the Secretary-Treasurer of the Employees' Retirement System, within one year of October 1, 1997, for each year of service credit, a percentage of his or her current annual earnable compensation or average final compensation, whichever is greater; the applicable percentage of the annual earnable compensation, or average final compensation, whichever is greater, shall be the sum of the prevailing percentage rates of employer and member contributions, as required by the most recent actuarial valuation.
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.