Ala. Code § 36-27-44: Interest on Contributions.
Where this section sits in the code
- Title 36 Public Officers and Employees.
- Chapter 27 State Employees’ Retirement System.
- Article 2 Reopening of System for Certain Employees.
- Division 1 General Provisions.
Any law or part of law relating to the payment of interest on contributions as a prerequisite to the granting of credit for withdrawn, terminated, nonmembership or military service under the Employees’ Retirement System notwithstanding, any eligible employee, member or retired member who claims such service shall pay into the retirement system, in addition to the contributions required, interest of eight percent, compounded annually, on such contributions, as a prerequisite to the granting of said service credit.
Collected 2026-09-03T14:01:52Z. Source file · JSON