Section 16-25-11.6Purchase of credit for employment with school operated by Department of Defense.
(a) Any active and contributing member of the Teachers' Retirement System of Alabama who prior to April 25, 1990 was a regular employee of a school operated by the Department of Defense of the United States of America and is now covered by the Teachers' Retirement System shall be eligible to receive credit for such service provided that the member of the Teachers' Retirement System claiming such credit shall have attained not less than 10 years of contributing membership service credit exclusive of military service credit under the Teachers' Retirement System, and provided further that such member performs and complies with the conditions prescribed in subsection (b) of this section.
(b) A member of the Teachers' Retirement System of Alabama eligible under subsection (a) of this section may receive credit for employment rendered to a school operated by the Department of Defense of the United States of America as provided in subsection (a) of this section, provided that as a condition precedent to the receipt of such credit (i) such member shall contribute prior to the date of his retirement to the Teachers' Retirement System for each year of employment with a school operated by the Department of Defense of the United States of America the full actuarially determined cost for each year of service purchased as determined by the system's actuary; (ii) the employer for which such member was employed shall certify in writing to the Teachers' Retirement System the dates of the member's employment together with a statement certifying that such member was a regular employee of a school operated by the Department of Defense of the United States of America during such period of claimed service; (iii) the member shall claim, purchase and receive credit for eligible service in increments of not less than one year unless such member's total balance of such service is less than one year in which event he shall claim and purchase credit for the entire period.
(c) Anything in this section to the contrary notwithstanding, a member of the Teachers' Retirement System shall not receive credit for such service where at the time of retirement he has credit or is entitled to any benefits whatsoever for the same service under any other retirement or pension plan which is wholly or partly funded from public funds, provided, however, that nothing contained herein shall be construed to apply to participation in the federal Social Security program. In the event of disqualification of such service credit contributions made under this section by the member shall be refunded to him.
(d) The Teachers' Retirement System may deduct in 12 equal installments from the retirement allowance payable to a retired member any additional contributions necessary to pay the administrative costs incurred in granting the credit hereunder in the event its Board of Control and consulting actuaries thereto determine that the amounts contributed by the member under the provisions hereof are insufficient to pay such administrative costs.
(Acts 1990, No. 90-632, p. 1158, §§1-4; Act 98-385, p. 732, §2.)
|
