As used in this chapter, the following words and phrases shall have the following respective meanings:

(1) ALABAMA RETIRED EDUCATION EMPLOYEES’ HEALTH CARE TRUST. The Alabama Retired Education Employees’ Health Care Trust created by the state and the Public Education Employees’ Health Insurance Board pursuant to this chapter.

Terms Used In Alabama Code 36-36-3

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Dependent: A person dependent for support upon another.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: means next after. See Alabama Code 1-1-1
  • Grantor: The person who establishes a trust and places property into it.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • Trustee: A person or institution holding and administering property in trust.
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(2) ALABAMA RETIRED STATE EMPLOYEES’ HEALTH CARE TRUST. The Alabama Retired State Employees’ Health Care Trust created by the state and the State Employees’ Insurance Board pursuant to this chapter.
(3) BOARDS. The State Employees’ Insurance Board and the Public Education Employees’ Health Insurance Board.
(4) DEPENDENTS. The spouse and dependent children, as defined by the rules and regulations of the respective boards, of a retired employee who are covered by either the Public Education Employees’ Health Insurance Plan pursuant to Chapter 25A of Title 16, as amended from time to time, or the State Employees’ Health Insurance Plan pursuant to Chapter 29 of this title, as amended from time to time.
(5) EMPLOYEE. Any person who is a participant in either the Public Education Employees’ Health Insurance Plan pursuant to Chapter 25A of Title 16, as amended from time to time, or the State Employees’ Health Insurance Plan pursuant to Chapter 29 of this title, as amended from time to time, and satisfies the definition of an employee under Section 16-25A-1(1) or Section 36-29-1(3), as amended from time to time.
(6) FISCAL YEAR. The fiscal year of the state as may from time to time be provided by law.
(7) OTHER POST-EMPLOYMENT BENEFITS or POST-EMPLOYMENT BENEFITS. Non-pension benefits paid on behalf of retired employees or their dependents after the employees’ separation from service in accordance with the relevant post-employment benefit plan.
(8) PERMITTED INVESTMENTS. All assets and properties in which the Retirement Systems of Alabama may invest as permitted by law from time to time.
(9) PUBLIC EDUCATION EMPLOYEES’ HEALTH INSURANCE BOARD. The Public Education Employees’ Health Insurance Board established by Section oath of office, officers, staff, etc” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”16″>16-25A-2, or its successor or assign.
(10) RETIRED EMPLOYEE. A former employee who is a participant in either the Public Education Employees’ Health Insurance Plan pursuant to Chapter 25A of Title 16, as amended from time to time, or the State Employees’ Health Insurance Plan pursuant to Chapter 29 of this title, as amended from time to time, and satisfies the definition of retiree under Section 36-29-1(11), as amended from time to time, or retired employee under Section 16-25A-1(2), as amended from time to time.
(11) STATE. The State of Alabama.
(12) STATE EMPLOYEES’ INSURANCE BOARD. The State Employees’ Insurance Board established by Section 36-29-2, or its successor or assign.
(13) TRUSTEE. A trustee of the relevant trust.
(14) TRUSTS. The separate trusts to be created by the state, on the one hand, as the grantor, and members of the State Employees’ Insurance Board or the Public Education Employees’ Health Insurance Board, on the other hand, as trustees of the respective trusts, pursuant to this chapter.
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