The balance of the employee's savings account shall be paid in one of the following options as elected by the employee:
(1) a lump sum payment; or
(2) a life annuity on a full cash refund or term-certain basis; or
(3) installments over a designated period of time.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 35. Public Employees' Retirement System of Alaska
Sec. 39.35.370. Retirement benefits.
Sec. 39.35.371. Distribution requirements.
Sec. 39.35.375. Public service benefit.
Sec. 39.35.381. Alternate benefit for elected public officers.
Sec. 39.35.385. Conditional service retirement benefits.
Sec. 39.35.389. Alternate benefits for EPORS members.
Sec. 39.35.395. Voluntary contribution benefit.
Sec. 39.35.400. Nonoccupational disability benefits.
Sec. 39.35.410. Occupational disability benefits.
Sec. 39.35.415. Reemployment of disabled employees.
Sec. 39.35.420. Nonoccupational death benefits.
Sec. 39.35.430. Occupational death benefit.
Sec. 39.35.440. Death after occupational disability.
Sec. 39.35.450. Joint and survivor option.
Sec. 39.35.455. Rights under qualified domestic relations order.
Sec. 39.35.475. Post-retirement pension adjustment.
Sec. 39.35.480. Cost-of-living allowance.
Sec. 39.35.485. Minimum benefit.
Sec. 39.35.490. Designation of beneficiary.
Sec. 39.35.495. Time limit for application.
Sec. 39.35.500. Safeguard of employee funds held by the plan; transfer to other plans.
Sec. 39.35.505. Exemption of employee funds and benefits.
Sec. 39.35.510. Voluntary waiver of benefits.
Sec. 39.35.522. Waiver of adjustments.
Sec. 39.35.527. Election to terminate coverage as a peace officer or firefighter.
Sec. 39.35.530. Limit on pension.
Sec. 39.35.535. Medical benefits.
Sec. 39.35.541. Actuarial reduction of benefit.