Sec. 39.35.965. Army and air national guard employees.
A regular full-time civilian employee of the Alaska Army National Guard and Air National Guard whose entire salary is paid from allotted federal funds is included in the public employees’ defined contribution retirement plan (AS 39.35.700 – 39.35.990) if the federal or state government pays the employer’s contributions. If the amount that the federal government […]
Sec. 39.35.970. North Pacific Fishery Management Council employees.
An employee of the North Pacific Fishery Management Council appointed under 16 U.S.C. 1852(f)(1)(Sec. 302(f)(1) of P.L. 94-265) whose compensation is paid from allotted federal funds is included in the public employees’ defined contribution retirement plan (AS 39.35.700 – 39.35.990) if the council pays the employer’s contributions. If the employer’s contributions are not paid when […]
Sec. 39.35.972. Special rules for treatment of qualified military service.
(a) Notwithstanding any contrary provisions of AS 39.35.700 – 39.35.990, 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 […]
Sec. 39.35.990. Definitions.
In AS 39.35.700 – 39.35.990, unless the context requires otherwise, (1) “administrator” means the commissioner of administration or the commissioner’s designee; (2) “alternate payee” means the person for whom an amount has been separated into an account under a qualified domestic relations order; (3) “annuitant” means a member, beneficiary, or alternate payee who is receiving […]
Sec. 39.35.995. Short title.
This chapter may be cited as the Public Employees’ Retirement System of Alaska.
Sec. 39.35.955. Request by public organization to participate and adoption of resolution.
A public organization may request to become an employer in this plan. The request shall be made after adoption of a resolution by the governing body of the public organization. A certified copy of the resolution shall be filed with the administrator. If the administrator approves the request for participation, the public organization is an […]
Sec. 39.35.870. Eligibility for retirement and medical benefits.
(a) In order to obtain medical benefits under AS 39.35.880, an active member must retire directly from the plan. A member is eligible to retire from the plan if the member has been an active member for at least 12 months before application for retirement and (1) the member has at least 25 years of […]
Sec. 39.35.956. Contractors and employees of contractors excluded from plan.
(a) A person or legal entity providing services to the state or to a political subdivision or public organization on a contractual or fee basis may not participate as an employer in the plan based on those services. (b) A person may not participate in the plan as an employee or member as the result […]
Sec. 39.35.880. Medical benefits.
(a) The medical benefits available to eligible persons are access to the retiree major medical insurance plan and to the health reimbursement arrangement under AS 39.30.300. Access to the retiree major medical insurance plan means that an eligible person may not be denied insurance coverage except for failure to pay the required premium. (b) Retiree […]
Sec. 39.35.957. Designation of eligible employees, agreement to contribute, and amendment of participation.
(a) A political subdivision or public organization participating in the defined contribution retirement plan under AS 39.35.700 – 39.35.990 shall designate the departments, groups, or other classifications of employees eligible to participate in the plan and, by participating, shall legally be presumed to have agreed to make contributions each year in the amounts required for […]