In addition to the contributions that the state is required to make under AS 39.35.255 as an employer, the state shall contribute to the plan each July 1 or, if funds are not available on July 1, as soon after July 1 as funds become available, an amount for the ensuing fiscal year that, when combined with the total employer contributions that the administrator estimates will be allocated under AS 39.35.255(c), is sufficient to pay the plan's past service liability at the contribution rate adopted by the board under AS 37.10.220 for that fiscal year.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 35. Public Employees' Retirement System of Alaska
Article 5. Contributions by Employers.
Sec. 39.35.255. Contributions by employers.
Sec. 39.35.280. Additional state contributions.
Sec. 39.35.282. Contributions for medical benefits.
Sec. 39.35.290. Regulations governing transmittal of employer contributions.