Alabama § 45-49A-63.80 - Benefit Payments.

§ 45-49A-63.80. Benefit Payments.

(a) Benefits payable to a member under Section 45-49A-63.60, Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 shall be payable in monthly installments beginning on the first day after the latest of (1) the day the member retires or terminates his or her employment, (2) the board approves the member’s benefit, or (3) the member has elected an optional form of benefit in accordance with Section 45-49-63.82; however, if a member’s benefit had not commenced by the later of the first day following his or her termination of employment as a uniformed officer or the April 1 following the calendar year in which he or she attains age 70 1/2, he or she shall begin to receive his or her benefit on such date in accordance with Option 1 in Section 45-49A-63.81 if he or she is not married on such date or in accordance with the 50 percent survivor benefit in Option 2 of Section 45-49A-63.81 with his or her spouse as his or her beneficiary if he or she is married on such date. Once a member elects an optional form of benefit, any benefits which would otherwise have been paid to him or her had he or she elected the optional form of benefit when he or she was first eligible to do so shall be paid to him or her in a lump sum, without interest and without any actuarial adjustment for the delay in payment.

(b) If a member entitled to a benefit under Section 45-49A-63.60, Section 45-49A-63.61, or subsection (a) of Section 45-49A-63.62 dies prior to his or her benefit commencing under this section, a death benefit shall be paid on his or her behalf under subsection (a) of Section 45-49A-63.63 if he or she is survived by an eligible family member or under subsection (b) of Section 45-49A-63.63 if he or she is not survived by an eligible family member.