(a) Except as provided in the State of Alaska Supplemental Annuity Plan, amounts held on behalf of, or payable to, an employee or other person who is or who might become eligible for benefits under the plan are not subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge of any kind, either voluntary or involuntary, before being received by the person entitled to the amount under the terms of the plan. An attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge, or otherwise dispose of a right to amounts held under the plan is void.
(b) Except as provided in AS 09.38.065, amounts held on behalf of, or payable to, an employee or other person who is or who might become eligible for benefits under the plan are exempt from garnishment, execution, or levy.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 30. Insurance and Supplemental Employee Benefits
Article 4. Supplemental Employee Benefits on Withdrawal from Social Security.
Sec. 39.30.150. Contributions.
Sec. 39.30.151. Administrator.
Sec. 39.30.153. Repayment of contributions.
Sec. 39.30.154. Powers and duties of the administrator.
Sec. 39.30.155. Management and investment of fund.
Sec. 39.30.162. Safeguard of money.
Sec. 39.30.170. Participation in program.