Sec. 39.50.040. Blind trusts.
(a) A public official may transfer all or a portion of the official’s assets to a blind trust for the duration of service in public office. The original assets placed in the blind trust shall be listed by the official in a statement filed under this section, together with a description of the actual or […]
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. 39.50.050. Administration and inspection.
(a) The Alaska Public Offices Commission created under AS 15.13.020(a) shall administer the provisions of this chapter. The commission shall prepare and keep available for distribution standardized forms on which the reports required by this chapter shall be filed. The commission shall print the forms provided under this section so that the front and back […]
Sec. 39.35.995. Short title.
This chapter may be cited as the Public Employees’ Retirement System of Alaska.
Sec. 39.40.010. Authorization.
An employee of the state may give written authorization to permit an employer to deduct a sum of money each month from the employee’s wages for the purchase of United States savings bonds. The United States savings bonds purchased shall be made payable to the person specified by the employee.
Sec. 39.40.020. Administration.
(a) The wage deductions withheld under AS 39.40.010 shall be held in trust until a United States savings bond is purchased by the Department of Administration. After the purchase of the bond, it shall be turned over to the employee. (b) The Department of Administration shall adopt regulations to carry out this chapter.
Sec. 39.45.010. Authority.
The state or a political subdivision of the state may, by contract, agree with an employee to defer, in whole or in part, that employee’s salary or wages.
Sec. 39.45.020. Administration of program.
(a) The administration of the deferred compensation program for state employees is under the direction of the Department of Administration. A political subdivision coming under the provisions of this chapter shall designate the office or official to administer its program. (b) Payroll deductions are authorized by this chapter and shall be made by the appropriate […]
Sec. 39.45.030. Investment authority.
(a) The Alaska Retirement Management Board is authorized, subject to contracts with individual employees, to invest the funds held under a deferred compensation program. The board has the same powers and duties concerning the management and investment in regard to those funds as are provided under AS 37.10.220. (b) [Repealed, § 24 ch 31 SLA […]
Sec. 39.45.040. Additional benefits.
The deferred compensation program established under this chapter exists and serves in addition to any existing retirement, pension, or benefit system established by the state or its political subdivisions and may not effect a reduction in benefits receivable under an existing system.