Alabama § 45-49A-63.134 - Deferred Retirement Option Plan.
Full text of Alabama Code of Alabama § 45-49A-63.134 — Deferred Retirement Option Plan., with citation guidance and answers to common questions.
§ 45-49A-63.134. Deferred Retirement Option Plan.
The board may create and administer a deferred retirement option plan (DROP Plan) on such terms and conditions as the board may prescribe; however, any DROP Plan created by the board shall be at no cost and with no liability to the city. The plan’s actuary shall certify to the city, at or before the adoption of the DROP Plan and at or before the adoption of any amendment to the DROP Plan, that its terms do not create any cost or liability to the city. Any member who elects to enter the DROP Plan shall have no recourse against the city for any claims with respect to the DROP Plan or payments under the DROP Plan.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-49A-63.134
What does Code of Alabama § 45-49A-63.134 cover?
Section 45-49A-63.134 ("Deferred Retirement Option Plan.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 45-49A-63.134?
A common citation format is "Code of Alabama § 45-49A-63.134" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 45-49A-63.134 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.