Section 36-27-53.1 Election by certain active members who had employment with Legislature prior to 1979 — Purchase pursuant to Title 29. - Alabama Statutes

State Codes and Statutes

Statutes > Alabama > Title36 > Chapter27 > 36-27-53_1

Section 36-27-53.1

Election by certain active members who had employment with Legislature prior to 1979 — Purchase pursuant to Title 29.

Any active and contributing member of the Employees' Retirement System, may hereby claim and purchase credit in the Employees' Retirement System for up to four years' time for employment by the Alabama Legislature pursuant to Chapters 4, 5 and 7 of Title 29, prior to 1979, provided, that such member shall pay into the Employees' Retirement System the total amount he would have contributed had he been allowed to contribute at the position and salary level, together with interest not to exceed eight percent compounded annually from the date of service to the date of payment, and provided that he shall make such payment within one year from August 8, 1991. Provided, further, any active and contributing member who has previously purchased credit for said service rendered prior to 1979 is prohibited from purchasing such credit for the same service.

(Acts 1991, No. 91-685, p. 1334, §1.)

State Codes and Statutes

Statutes > Alabama > Title36 > Chapter27 > 36-27-53_1

Section 36-27-53.1

Election by certain active members who had employment with Legislature prior to 1979 — Purchase pursuant to Title 29.

Any active and contributing member of the Employees' Retirement System, may hereby claim and purchase credit in the Employees' Retirement System for up to four years' time for employment by the Alabama Legislature pursuant to Chapters 4, 5 and 7 of Title 29, prior to 1979, provided, that such member shall pay into the Employees' Retirement System the total amount he would have contributed had he been allowed to contribute at the position and salary level, together with interest not to exceed eight percent compounded annually from the date of service to the date of payment, and provided that he shall make such payment within one year from August 8, 1991. Provided, further, any active and contributing member who has previously purchased credit for said service rendered prior to 1979 is prohibited from purchasing such credit for the same service.

(Acts 1991, No. 91-685, p. 1334, §1.)

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Alabama > Title36 > Chapter27 > 36-27-53_1

Section 36-27-53.1

Election by certain active members who had employment with Legislature prior to 1979 — Purchase pursuant to Title 29.

Any active and contributing member of the Employees' Retirement System, may hereby claim and purchase credit in the Employees' Retirement System for up to four years' time for employment by the Alabama Legislature pursuant to Chapters 4, 5 and 7 of Title 29, prior to 1979, provided, that such member shall pay into the Employees' Retirement System the total amount he would have contributed had he been allowed to contribute at the position and salary level, together with interest not to exceed eight percent compounded annually from the date of service to the date of payment, and provided that he shall make such payment within one year from August 8, 1991. Provided, further, any active and contributing member who has previously purchased credit for said service rendered prior to 1979 is prohibited from purchasing such credit for the same service.

(Acts 1991, No. 91-685, p. 1334, §1.)