(a) If, as a result of service credit claimed for which there is a corresponding indebtedness existing at retirement, the member's retirement benefit is actuarially reduced and the resultant benefit is less than it would have been if the service credit had not been claimed, the retirement benefit shall be equal to the amount it would have been had the service credit not been claimed.
(b) This section does not apply to an election to use service credit and a corresponding indebtedness under AS 39.35.340(i).
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.