THIS SECTION WAS AMENDED BY ACT 2022-348 IN THE 2022 REGULAR SESSION, EFFECTIVE APRIL 13, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Any employer participating in the Employees' Retirement System of Alabama pursuant to Section 36-27-6, by adoption of a resolution, may elect to provide to its Tier II plan members the same retirement benefits provided to Tier I plan members. Provided, however, the Employees' Retirement System Board of Control, based on a staff review of the historical compliance with ERS requirements as well as the financial stability of the local government entity, may elect to deny the election authorized in this section. The local entity may petition the Board of Control for a reconsideration of its action. The election shall be irrevocable and shall be effective at the beginning of the fiscal year following the date the resolution is received by the ERS.
(b) Any employer that has not increased the Tier I member contribution rates as provided in Act 2011-676 shall develop a plan to gradually increase the member contribution rates as provided in this section. The plan shall be submitted to the Employees' Retirement System before electing to provide Tier II plan members the same retirement benefits as Tier I plan members. Beginning in the month the election to provide Tier II plan members the same retirement benefits provided to Tier I plan members becomes effective, Tier II plan members shall contribute to the Employees' Retirement System seven and one-half percent of their earnable compensation and Tier II plan members who are firefighters, law enforcement officers, or correctional officers, as defined in Section 36-27-59(a), shall contribute to the Employees' Retirement System eight and one-half percent of their earnable compensation.
(c) Anything in this article to the contrary notwithstanding, in the application of the provisions of Sections 36-27-16 and 16-25-14 to a member whose creditable service includes periods of service to different Tier plans, the benefit rates of each respective Tier plan will be applicable to the creditable service earned while in each respective Tier plan. In all other respects, the pension under this subsection shall be determined on the basis of the member's Tier plan at the time of his or her withdrawal from service.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27 - State Employees' Retirement System.
Article 1 - General Provisions.
Section 36-27-1 - Definitions.
Section 36-27-3 - Corporate Powers Generally.
Section 36-27-3.1 - Offset of Rate Increases.
Section 36-27-5.1 - Participation of Employees of Regional or Local Legislative Delegation Office.
Section 36-27-6.3 - Purchase of Credit for Prior Service as Firefighter.
Section 36-27-8.1 - Optional Retirement for Previously Retired State Employees.
Section 36-27-8.2 - Performance of Duties by Retired Persons; Service in Elected Public Office.
Section 36-27-12 - Transfer of Service Credits, etc., From Teachers' Retirement System of Alabama.
Section 36-27-12.1 - Transfer of Service Credits, etc., From Judicial Retirement Fund.
Section 36-27-16 - Retirement, etc., of Employees; Retirement Allowances.
Section 36-27-16.1 - Cancellation of Survivor Allowance.
Section 36-27-17 - Redetermination of Allowances Due on or After October 1, 1975.
Section 36-27-18 - Retirement With Not Less Than 30 Years' Creditable Service.
Section 36-27-21.3 - Cost-of-Living Increases; Funding.
Section 36-27-23 - Board of Control; Medical Board, Actuary.
Section 36-27-25 - Funds for Assets of Retirement System - Management.
Section 36-27-28 - Exemption From Execution; Recovery Actions.
Section 36-27-31 - Compliance With Qualifications Standards.