(a) An active and contributing member of the Employees' Retirement System who is currently employed with the International Motorsports Hall of Fame may purchase credit in the system for prior service rendered with the International Motorsports Hall of Fame and compensated by the International Speedway Corporation between January 1, 1982, and December 31, 1983. Notwithstanding, no member shall receive credit for any service that the member is already credited with in the system or any other public retirement plan with the exception of the federal Social Security program.
(b) A member eligible to purchase prior service credit in the Employees' Retirement System under subsection (a) may elect to purchase the credit prior to October 1, 2002, by paying the Secretary-Treasurer of the Employees' Retirement System a lump sum equal to the full actuarially determined cost for each year of service purchased as determined by the system's actuary.
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.