Code of Alabama - Title 16: Education - Chapter 25B - Retirement Trust for Football Coaches of Public Institutions of Higher Learning

• Section 16-25B-1 Election of participation
  Notwithstanding any other provisions to the contrary, any football coach employed by any public, four-year institutions of higher learning located in this state may elect...
• Section 16-25B-2 Participants not eligible for state plans
  A football coach who elects to participate in the said trust will be ineligible to contribute to either the state's deferred compensation or profit sharing...
• Section 16-25B-3 Institutions authorized to make contributions on behalf of participants
  It is the expressly declared intent of the Legislature that any institution which employs a participant in the trust is authorized to make contributions or...
• Section 16-25B-4 Board of trustees to administer coaches' participation
  The board of trustees of public, four-year institutions of higher learning in this state shall provide for the administration of such football coaches' participation in...
• Section 16-25B-5 Annual report; contents
  The boards of trustees of public, four-year institutions of higher learning in this state shall be jointly responsible for filing an annual report on the...
• Section 16-25B-6 Effect of trust deferred compensation on other programs
  Notwithstanding any other provision of the law, any compensation deferred under this chapter shall be considered part of an employee's compensation for purposes of any...
• Section 16-25B-7 Inclusion for federal income taxes
  As provided by the United States Internal Revenue Code, any sum deferred under the trust shall not be included for the purposes of computation of...
• Section 16-25B-8 Authority to participate in, suspend or withdraw from trust
  The State Finance Director, the Senate Chairman of the Finance and Taxation Committee, the House Chairman of the Ways and Means Committee, and the Chief...

Last modified: May 3, 2021