Sec. 14.25.009. Applicability of AS 14.25.009 – 14.25.220.

The provisions of AS 14.25.009 – 14.25.220 apply only to members first hired before July 1, 2006.

Sec. 14.25.010. Retirement plan established; federal qualification requirements.

(a) A joint-contributory retirement plan for teachers of the state is created. (b) The retirement plan established by AS 14.25.009 – 14.25.220 is intended to qualify under 26 U.S.C. 401(a) and 414(d) (Internal Revenue Code) as a qualified retirement plan established and maintained by the state for its employees, for the employees of school districts […]

Sec. 14.25.012. Purpose and effective date.

(a) [Repealed, § 132 ch 9 FSSLA 2005.] (b) The plan created in AS 14.25.009 – 14.25.220 became effective as of July 1, 1955, at which time contributions by the participating employers and members began. (c) Employees first hired after June 30, 2006, are not eligible to participate in the plan established in AS 14.25.009 […]

Sec. 14.25.040. Membership; credited service.

(a) Unless a teacher or member participates in a university retirement program under AS 14.40.661 – 14.40.799 or has elected under AS 14.25.540 to participate in the plan established in AS 14.25.310 – 14.25.590, a teacher or member contracting for service with a participating employer is subject to AS 14.25.009 – 14.25.220. (b) A state […]

Sec. 14.25.043. Reemployment of retired members.

(a) Except as provided in (f) of this section, if a retired member again becomes an active member, benefit payments may not be made during the period of reemployment. During the period of reemployment, deductions from the member’s salary will be made in accordance with AS 14.25.050. (b) [Repealed, § 12 ch 57 SLA 2001 […]

Sec. 14.25.047. Participation by Special Education Service Agency employees.

An employee of the Special Education Service Agency may participate in the plan under AS 14.25.009 – 14.25.220 if (1) the employee possesses or is eligible to possess a teacher certificate under AS 14.20.020; and (2) the employee pays all retroactive contributions required to be made under AS 14.25.009 – 14.25.220.

Sec. 14.25.048. Teachers of Alaska Native language and culture.

(a) Except as provided in (d) of this section, an employee employed by a participating employer on or after June 5, 1988, shall participate in the plan under AS 14.25.009 – 14.25.220 if the employee (1) teaches Alaska Native language or culture in a permanent full-time or permanent part-time position; (2) learned about the subject […]

Sec. 14.25.050. Contributions by members.

(a) Except as provided in (c) of this section, beginning January 1, 1991, each member shall contribute to the plan an amount equal to 8.65 percent of the member’s base salary accrued from July 1 to the following June 30. The employer shall deduct the contribution from the member’s salary at the end of each […]

Sec. 14.25.055. Supplemental contributions by teachers.

If a teacher first joined the plan before July 1, 1982, and is married or has a minor child and wishes to make a spouse or minor child eligible for a spouse’s pension or a survivor’s allowance, the teacher may elect to make a supplemental contribution of an additional one percent of the teacher’s base […]

Sec. 14.25.060. Arrearage indebtedness.

(a) If a member first joined the plan before July 1, 1990, and has military service or Alaska Bureau of Indian Affairs (BIA) service, or if a member joined the plan before July 1, 1978, and has creditable outside service, the member may claim this service. If the member claims the service, the member is […]

Sec. 14.25.061. Retroactive indebtedness.

(a) A member who was not subject to the provisions of AS 14.25.009 – 14.25.220, but who becomes subject to them because of a legislative change, may elect to receive credit for retroactive membership service by contributing to the plan an amount equal to the contributions the member would have made had the member been […]

Sec. 14.25.063. Payment of indebtedness.

(a) In AS 14.25.009 – 14.25.220, a member does not have to be reemployed under this plan in order to make indebtedness payments. However, except as provided in (d) of this section, a former member must be reemployed under this plan in order to make indebtedness payments. Payments apply first to accrued interest and then […]

Sec. 14.25.065. Transmittal of contributions; claims against funds of an employer.

(a) All contributions deducted in accordance with AS 14.25.050 and 14.25.055 shall be transmitted to the plan for deposit in the retirement fund no later than 15 days following the close of the payroll period, with the final contributions due for any school year transmitted no later than July 15. (b) The contributions of employers […]

Sec. 14.25.070. Contributions by employers.

(a) Each employer shall contribute to the system every payroll period an amount calculated by applying a rate of 12.56 percent to the total of all base salaries paid by the employer to active members of the system and to members who are retired from the plan and reemployed under AS 14.20.136, including any adjustments […]

Sec. 14.25.075. Purchase of credited service.

(a) An employee who is eligible to purchase credited service under AS 14.25.047 or 14.25.048, a member who is eligible to purchase credited service under AS 14.25.048, 14.25.050, 14.25.060, 14.25.061, 14.25.100, or 14.25.107, or a teacher who is eligible to purchase credited service under AS 14.20.345, AS 14.25.050, or 14.25.105, in lieu of making payments […]

Sec. 14.25.085. Additional state contributions.

In addition to the contributions that the state is required to make under AS 14.25.070 as an employer, the state shall contribute to the plan each July 1 or, if funds are not available on July 1, as soon after July 1 as funds become available, an amount for the ensuing fiscal year that, when […]

Sec. 14.25.087. Contributions for medical benefits.

Contributions made by an employer under AS 14.25.070 and 14.25.085 shall be separately computed for benefits provided by AS 14.25.168 and shall be deposited in the Alaska retiree health care trust established under AS 39.30.097(a).

Sec. 14.25.100. Credit for service in the armed forces.

(a) A member who served as an active member of the armed forces of the United States may receive credited service under this plan up to a maximum of five years if the member received a discharge under other than dishonorable conditions and is not entitled to receive retirement benefits from the United States government […]

Sec. 14.25.105. Credit for service as an employee of the Territory of Alaska.

(a) A teacher who completes 15 years of membership service under AS 14.25.009 – 14.25.220 may elect to receive credited service for employment rendered to the Territory of Alaska before January 3, 1959, regardless of the office, department, division or agency of the territory in which employed. Credited service allowed under this section may not […]

Sec. 14.25.107. Credit for Alaska BIA service.

A member who joins the plan on or after July 1, 1978, who has Alaska BIA service may claim all of that service as credited service. A retirement benefit payable under AS 14.25.009 – 14.25.220 for Alaska BIA service shall be reduced by an amount equal to the retirement benefits paid to the member by […]