Sec. 22.25.110. Special rules for treatment of qualified military service.
(a) Notwithstanding any contrary provisions of this chapter, with respect to qualified military service, contributions shall be made and benefits and service credit shall be provided in accordance with 26 U.S.C. 414(u). (b) To the extent required by 26 U.S.C. 401(a)(37), if a member dies while performing qualified military service, as defined in 38 U.S.C. […]
Sec. 22.25.020. Retirement pay.
Except as provided in AS 22.25.023(b), a retired justice or judge eligible for retirement pay shall receive from the date of eligibility until death monthly retirement pay equal to five percent per year of service, to a maximum of 75 percent, of the monthly salary authorized for justices and judges, respectively, at the time each […]
Sec. 22.25.021. Distribution requirements.
(a) The entire interest of a member must be distributed or must begin to be distributed not later than the member’s required beginning date. (b) If a member dies after the distribution of the member’s interest has begun but before the distribution has been completed, the remaining portion of the interest shall continue to be […]
Sec. 22.25.022. Rollover distributions and rollover contributions.
(a) A distributee may elect, at the time and in the manner prescribed by the administrator, to have all or part of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in the direct rollover. (b) The system does not accept contributions of eligible rollover distributions. (c) In this […]
Sec. 22.25.023. Limitation on benefits; maximum annual compensation.
(a) Notwithstanding any other provisions of this chapter, the projected annual benefit provided by this chapter and the benefit from all other defined benefit plans required to be aggregated with the benefits from this system under the provisions of 26 U.S.C. 415 may not increase to an amount in excess of the amount permitted under […]
Sec. 22.25.025. Administration; federal qualification requirements.
(a) The commissioner of administration is responsible for the administration of the judicial retirement system. The system is intended to qualify as a governmental plan established and maintained by the government of this state for the state’s employees, as permitted under 26 U.S.C. 414(d). The commissioner shall publish an information handbook for the system at […]
Sec. 22.25.027. Regulations.
(a) The commissioner of administration may adopt regulations to implement this chapter. Regulations adopted by the commissioner under this chapter relate to the internal management of state agencies and their adoption 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 […]
Sec. 22.25.030. Survivors’ benefits.
(a) Upon the death of a justice or judge who has served for at least two years, the surviving spouse is entitled to receive survivors’ benefits equal to one-half of the monthly retirement pay the justice or judge would thereafter have been entitled to receive if retired at the time of death. If at death […]
Sec. 22.25.010. Mandatory and voluntary retirement of justices and judges.
(a) A justice or judge shall be retired on the date that the justice or judge reaches the age of 70. A justice or judge is eligible for retirement pay with five or more years of service at the time of retirement as a justice or judge. (b) A justice or judge may be retired […]
Sec. 22.25.011. Contributions of judges and justices.
Each justice and judge appointed after July 1, 1978, is a member under the judicial retirement system as of the date of the justice’s or judge’s appointment and shall contribute seven percent of the base annual salary received by the justice or judge to the judicial retirement system. Contributions shall be made for all creditable […]