Solely for purposes of calculating DROP benefits and for converting lump sum amounts for compliance with § 415, Internal Revenue Code, if the system provides a benefit in a form that is subject to the minimum present value requirements of § 417(e)(3), Internal Revenue Code, in a fiscal year beginning in 2004 or 2005, the actuarially equivalent straight life annuity that is used for demonstrating compliance with § 415, Internal Revenue Code, shall be the greater of: (1) The straight life annuity determined using the plan rate and plan mortality table and (2) the straight life annuity determined using 5.5 percent and the applicable mortality table. A benefit is subject to the minimum present value requirements of § 417(e)(3), Internal Revenue Code, if it is any benefit other than a nondecreasing annuity payable for a period of not less than the life of the participant, or, in the case of a qualified preretirement survivor annuity, the life of the surviving spouse, or such other benefit described in this subpart.
Structure Code of Alabama
Chapter 37A - Jefferson County Municipalities.
Part 2 - Retirement and Relief System.
Section 45-37A-51.220 - Normal Retirement Benefit.
Section 45-37A-51.221 - Minimum and Maximum Normal Retirement Benefit.
Section 45-37A-51.222 - Participants Vesting.
Section 45-37A-51.224 - Involuntary Retirement.
Section 45-37A-51.225 - Ordinary Disability Allowance.
Section 45-37A-51.226 - Extraordinary Disability Allowance.
Section 45-37A-51.227 - Determination of Disability.
Section 45-37A-51.228 - Survivor's Benefits.
Section 45-37A-51.229 - Eligibility for Survivor's Benefits.
Section 45-37A-51.230 - Service Connected Death Benefit.
Section 45-37A-51.231 - Eligibility for Service Connected Death Benefit.
Section 45-37A-51.232 - Firefighters' and Police Officers' Supplemental Pension Survivors Pension.
Section 45-37A-51.233 - Death Prior to Retirement; Return of Contributions.
Section 45-37A-51.234 - Termination of Employment; Ineligibility; Return of Contribution.
Section 45-37A-51.235 - Payment of Return of Contributions.
Section 45-37A-51.236 - Designation of Severance Beneficiary.
Section 45-37A-51.237 - Payment of Benefits During Period of Reemployment.
Section 45-37A-51.238 - Determination of Right to Benefits.
Section 45-37A-51.239 - Payment of Benefits to Minor Children.
Section 45-37A-51.240 - Law Applicable to Measurement of Benefits.
Section 45-37A-51.241 - Board of Health Retired Employees.
Section 45-37A-51.242 - Cost of Living Increases; Future Benefits
Section 45-37A-51.243 - Supplemental Benefit.
Section 45-37A-51.244 - Early Retirement Benefit.
Section 45-37A-51.245 - Retroactive Deferred Retirement Option Plan.
Section 45-37A-51.246 - Board of Health Department Retirees' Supplemental Benefit.
Section 45-37A-51.247 - Required Minimum Distributions.
Section 45-37A-51.248 - Direct Rollovers.
Section 45-37A-51.249 - Heroes Earnings Assistance and Relief Tax Act of 2008 Provisions.