(a) Participation in this fund shall be voluntary under regulations adopted by the board and in accordance with the Internal Revenue Code.
(b) Any person who becomes ineligible for participation in the fund due to the termination of his or her employment with an eligible employer, or due to other reasons, may leave his or her vested accumulations on account with the fund. In that event, no further contributions may be accepted on the account of the person unless the person is reemployed by an eligible employer or again becomes eligible.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 27C - Public Employees Defined Contribution Savings Plan.
Section 36-27C-1 - Legislative Intent.
Section 36-27C-2 - Definitions.
Section 36-27C-3 - Fund; Creation; Board of Control.
Section 36-27C-4 - Operation of Board.
Section 36-27C-5 - Investments.
Section 36-27C-6 - Participation.
Section 36-27C-7 - Contributions.