(a) No person retired after October 1, 1975, under the policemen's and firemen's retirement fund can be reemployed full time by the City of Gadsden in any department, without first having signed an agreement forfeiting his or her pension benefits during the time of reemployment. For purposes of this subpart, full time employment means 20 hours or more per week. Benefits shall be resumed upon termination of employment. In no instance shall the benefits lost during the time of reemployment be recovered by the person. This subsection shall not be interpreted to include those members drawing survivor’s benefits.
(b) Any member of the police and fire department of a city to which this subpart applies who has been in continuous service thereof for as long as 20 years, upon making written application to the board of trustees therefor shall, without medical examination or disability, be retired from services in such department and upon such retirement the board of trustees shall direct the payment to such retired member, monthly from such fund the amount hereinafter provided for his or her particular position, office, salary, or class of work. However, any member of such police or fire department who has become a new employee on or after October 1, 1975, shall serve a mandatory 30 years' consecutive service before receiving retirement benefits. Any such person entitled to receive retirement benefits pursuant to this subpart shall receive benefits equal to 50 percent of the final salary received by that person at the time of his or her retirement. Except, however, the retirement shall not be calculated on any pay based on rank which has not been held for at least three years before retirement.
Structure Code of Alabama
Chapter 28A - Etowah County Municipalities.
Division 2 - Policemen and Firemen's Retirement Fund Board of Trustees.
Section 45-28A-42.50 - Applicability.
Section 45-28A-42.51 - Creation.
Section 45-28A-42.52 - Composition; Compensation.
Section 45-28A-42.53 - Secretary-Treasurer; Custodial Care of the Retirement Fund.
Section 45-28A-42.54 - Management and Control of Retirement Fund.
Section 45-28A-42.55 - Composition of Retirement Fund; Investment.
Section 45-28A-42.56 - Recordkeeping.
Section 45-28A-42.57 - Warrants.
Section 45-28A-45.58 - Exemptions.
Section 45-28A-42.59 - Insufficient Funding.
Section 45-28A-42.60 - Forfeiture of Benefits During Reemployment; Retirement.
Section 45-28A-42.61 - Mandatory Retirement.
Section 45-28A-42.62 - Increase in Retirement Benefits.
Section 45-28A-42.63 - Retirement of Physically or Mentally Disabled Members.
Section 45-28A-42.64 - Application for Disability Retirement.
Section 45-28A-42.65 - Payments to Beneficiaries of Deceased Active Member.
Section 45-28A-42.66 - Payments to Beneficiaries of Deceased Retired Member.
Section 45-28A-42.67 - Applications and Proofs From Beneficiaries.
Section 45-28A-42.68 - Reimbursements of Contributions.
Section 45-28A-42.69 - Qualifications for Participation.
Section 45-28A-42.70 - Definitions.
Section 45-28A-42.71 - List of Retired Policemen or Firemen.
Section 45-28A-42.72 - Assistance of City Attorney.
Section 45-28A-42.73 - Payment of Expenses.
Section 45-28A-42.74 - Appeals From Decisions of Board.
Section 45-28A-42.75 - Construction With Other Laws.
Section 45-28A-42.76 - Participation in Employees' Retirement System.