(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 […]
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 […]
(a) An administrative director of the Alaska court system appointed under art. IV, sec. 16, Constitution of the State of Alaska, is a member under the judicial retirement system as of the date of the administrative director’s appointment and is entitled to retirement benefits under this chapter on the terms and conditions applicable to a […]
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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
A person claiming entitlement to benefits payable under this chapter as a consequence of a justice’s or judge’s death shall provide the commissioner of administration with a marriage certificate, divorce or dissolution judgment, or other evidence of entitlement. Documents establishing entitlement may be filed with the commissioner immediately after a change in the justice’s or […]
A former spouse who was married to a justice or judge for at least one year shall be treated as a spouse or surviving spouse under this chapter to the extent required by a qualified domestic relations order. Rights under the order do not take effect until the order is filed with the administrator.
(a) Except as provided in (c) of this section, a justice or judge who vacates office for any reason and who has not then accrued five years of creditable service under this chapter is entitled to receive a refund of the total amount of contributions, including principal and interest payments on indebtedness, together with interest […]
(a) The state court system shall contribute to the judicial retirement system at the rate established by the commissioner of administration. The contribution rate shall be based on the results of an actuarial valuation of the judicial retirement system. The results of the actuarial valuation shall be based on actuarial methods and assumptions adopted by […]
(a) The commissioner of administration shall establish a judicial retirement trust fund for the judicial retirement system in which the assets of the system are deposited and held. The trust fund is subject to the restrictions of (h) of this section. The commissioner shall maintain accounts and records for the system. (b) All income of […]
Benefits paid under this chapter are exempt from state and municipal income taxes.
(a) Except as provided in (c) of this section, the following persons are entitled to major medical insurance coverage: (1) a person receiving a monthly benefit under this chapter; (2) the spouse of a person receiving a monthly benefit under this chapter; (3) a natural or adopted child of a person receiving a monthly benefit […]
Employee contributions and other amounts held in the judicial retirement system and benefits payable under this chapter are exempt from garnishment, execution, and levy as provided in AS 09.38 (Alaska Exemptions Act).
(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. […]
The provisions of AS 37.10.310 apply to pension benefits under this chapter.
