An active employee may withdraw a savings account only if the employee receives the consent of the administrator. The administrator may permit a withdrawal before termination of employment only in cases of financial need.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 35. Public Employees' Retirement System of Alaska
Article 4. Contributions by Employees.
Sec. 39.35.160. Amount of employee contributions.
Sec. 39.35.165. Purchase of credited service.
Sec. 39.35.170. Employment contributions mandatory.
Sec. 39.35.180. Voluntary contributions by employee.
Sec. 39.35.195. Rollover distributions and rollover contributions.
Sec. 39.35.200. Refund upon termination of employment for reason other than death.