The department shall collect from each participating political subdivision its respective pro rata share of the expenses incurred in the administration of AS 39.30.010 - 39.30.080. The amounts collected from participating political subdivisions, together with money appropriated by the state for covering the state's share of administrative costs, shall be deposited in an FICA administration fund and are not allocable to any other purpose. Expenditures from the FICA administration fund shall be included in the governor's budget for each fiscal year and are subject to appropriation by the legislature. At the time of preparation of the governor's annual budget the department shall review the FICA administration fund and adjust the rate of assessment on political subdivisions so as to prevent the accumulation of more money than is needed to administer AS 39.30.010 - 39.30.080.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 30. Insurance and Supplemental Employee Benefits
Article 1. Old Age and Survivors Insurance.
Sec. 39.30.010. Federal territorial agreement.
Sec. 39.30.020. Contributions by employees.
Sec. 39.30.030. Plans for coverage of employees of political subdivisions.
Sec. 39.30.040. Deposits and withdrawals.