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47 chapters · 1,084 sections in this title.
Ala. Code § 36-27A-1 Legislative Intent
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It is the intent of the Legislature to make available to the public employees and officials of the State of Alabama, or any political subdivision thereof, a public employees’ individual retirement account plan and/or any other tax avoidance or deferral plan permitted by federal l…
Ala. Code § 36-27A-2 Creation; Administered by Board of Control, Etc.; Composition of Board
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There is hereby created a fund or funds which shall be known collectively as the Public Employees’ Individual Retirement Account Fund (PEIRAF). The PEIRAF shall be administered by the Secretary-Treasurer of the Employees’ Retirement System under the supervision and direction of a…
Ala. Code § 36-27A-3 Authority of Board to Promulgate Rules and Regulations
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The board of control is hereby empowered and authorized to promulgate such rules and regulations as may be necessary to implement the provisions of this chapter, and to define terms, words and/or phrases incident thereto, provided such rules shall conform to the requirements of t…
Ala. Code § 36-27A-4 Investments
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All investments shall be made pursuant to the same authority and restrictions that govern the investment of funds of the retirement systems of Alabama. (Acts 1982, 2nd Ex. Sess., No. 82-776, p. 278, §4; Acts 1991, No. 91-664, §1.)