LegalFix
Sign In

Section 45-37-123.83 - Forfeitures, donations, and other similar contributions.

AL Code § 45-37-123.83 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

The pension board and county are authorized to contribute to the trust fund any monies received in the form of donations, gifts, appropriations, bequests, or otherwise, or derived therefrom. Additionally, any member or beneficiary who fails to make timely application for the amount of his or her employee contributions pursuant to Section 45-37-123.104 shall be deemed to have forfeited and donated such employee contributions to the trust fund. In no event shall any forfeitures under the plan result in an increase in the benefit to be paid to any member. The pension coordinator shall provide one certified letter to the member within 60 days following the member’s termination of employment advising the member of the foregoing forfeiture provisions. See also Section 45-37-123.194 for additional forfeiture provisions.

Previous Section
Section 45-37-123.82 - Employee contributions.
Next Section
Section 45-37-123.84 - Service rules.