Ala. Code § 45-37A-51.136

Current through the 2024 Regular Session.

Section 45-37A-51.136 - Powers and duties of the board

The board shall have such powers as are necessary for the proper administration of the system including, but not limited to, the following:

(1) To prescribe procedures to be followed by participants, and their beneficiaries, in filing applications for benefits and for the furnishing of evidence necessary to establish employees' rights to such benefits.

(2) To make determinations as to the rights of any participant or their beneficiaries applying for or receiving benefits, and to afford any such individual dissatisfied with any such determination the right of a hearing thereon.

(3) To develop procedures for the establishment of credited service of participants; and, after affording participants an opportunity to make objection with respect thereto, to establish such service conclusively in advance of retirement.

(4) To retain and pay from the fund the services of a consultant and actuary.

(5) To receive and pay from the fund periodic, not more often than once a year, actuarial valuations of the plan.

(6) To retain and pay from the fund the services of investment advisors.

(7) To retain and pay from the fund the services of an accountant or auditor.

(8) To obtain from the city, the plan consultants, and actuaries, if any, and from the participants, such information as shall be necessary for the proper administration of the plan and pay from the fund any reasonable expense incurred in connection therewith.

(9) To retain and pay from the fund the services of such additional professional counsel as the board may deem necessary for the proper management and administration of the system.

(10) To provide rules and procedures for the administration of pension loans.

(11) To retain and pay from the fund the services of such additional medical professional as the board may deem necessary for the proper administration of disability or death benefits for the system.

(12) To retain and pay from the fund such other services as the board may deem necessary for the proper management and administration of the system.

(13) To waive the requirement for reimbursement of any overpayment of benefits for any retiree or survivor provided that such overpayment was not due to any negligence, misinformation, or wrongful conduct on the part of such retiree or survivor.

Ala. Code § 45-37A-51.136 (1975)

Act 2006-339, p. 851, Art. III, §8.