(a) Any person who is a retired teacher, and retired under the provisions of the Teachers’ Retirement System of Alabama, and who subsequent to said retirement becomes the acting President of the University of Alabama, may elect to resume his participation in the Teachers’ Retirement System of Alabama.
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Terms Used In Alabama Code 16-25-26.1

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
(b) Should any person make such election as set forth in subsection (a) of this section, his retirement benefits shall cease and the reserves remaining for his pension and annuity and all his service credits shall be transferred to the appropriate funds and accounts maintained for active members. Upon restoration to active service the member shall receive full rights, privileges and benefits under the Teachers’ Retirement System of Alabama for his total years of service thereunder.
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