The purpose of this chapter is to encourage qualified teachers to enter and remain in service with participating employers by establishing plans for the payment of retirement, disability, and death benefits to or on behalf of the members.
The attorney general of the state is the legal counsel for the system and shall advise the administrator and represent the system in a legal proceeding.
(a) The commissioner of administration or the commissioner’s designee is the administrator of the system. (b) The commissioner of administration shall adopt regulations to govern the operation of the system.
(a) The administrator shall (1) establish and maintain an adequate system of accounts; (2) transmit the funds deposited in the system to the retirement fund established and maintained by the Alaska Retirement Management Board; (3) approve or disapprove claims for retirement benefits; (4) make payments for the various purposes specified; (5) submit periodic reports or […]
(a) Regulations adopted by the commissioner of administration under this chapter relate to the internal management of a state agency, and the adoption of the regulations is not subject to AS 44.62 (Administrative Procedure Act). (b) Notwithstanding (a) of this section, a regulation adopted under this chapter shall be published in the Alaska Administrative Register […]
An employer, member, annuitant, or beneficiary may appeal a decision made by the administrator to the office of administrative hearings established under AS 44.64. An aggrieved party may appeal a final decision to the superior court.
The Alaska Retirement Management Board established under AS 37.10.210 is the fiduciary of the system funds.
In AS 14.25.001 – 14.25.008, (1) “plan” means a retirement plan established in AS 14.25.009 – 14.25.220 or the retirement plan established in AS 14.25.310 – 14.25.590; (2) “system” means all retirement plans established under the teachers’ retirement system.
