{"data":{"id":"us-al/ala.-code-45-8a-22.121","jurisdiction":"us-al","citation":"Ala. Code § 45-8A-22.121","heading":"Partial Lump Sum Option.","body":"(a) Notwithstanding Section 45-8A-22.120, effective with respect to distributions before October 1, 2012, a participant may elect to receive a partial lump sum option whereby the amount of his or her monthly retirement benefit shall be reduced, in return for the payment to the participant of a lump sum amount, in cash, at the time his or her monthly pension is first payable. The participant may elect to receive the lump sum, which is based on the reduced amount of his or her regular monthly benefit, before any reduction for survivor benefits, for life multiplied by the specified number of months, as set forth below:\nReduction Factor | Multiplier\n0.91 | 12 months\n0.83 | 24 months\n0.77 | 36 months\n0.71 | 48 months\n0.67 | 60 months\nLump Sum Benefit = Monthly Retirement Benefit X Reduction Factor X Multiplier\nThe monthly benefit then shall be reduced appropriately for survivor benefit options.\n(b) Effective with respect to distributions on and after October 1, 2012, the plan does not provide a partial lump sum distribution option; rather all distributions shall be made in accordance with Section 45-8A-22.120.","path":["Title 45 Local Laws.","Chapter 8A Calhoun County Municipalities.","Article 2 Anniston.","Part 3 Employees.","Subpart 3 Police and Firefighters Retirement System."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=45-8A-22.121","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"c22b09734f29bd5df903fdee43e9ba6f8e5ddd9076310d368d208e228aca15bd","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-45-8a-22.120","next":"us-al/ala.-code-45-8a-22.122"},"notice":"GroundRules: Original legal text. Not legal advice."}