A distribution made as a result of termination of participation by an employer may, to the extent that no discrimination in value results, be paid in cash or in annuity contracts, in the discretion of the board.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 35. Public Employees' Retirement System of Alaska
Article 8. Participation by Political Subdivisions and Public Organizations.
Sec. 39.35.600. Eligible employees bound to plan.
Sec. 39.35.605. Contractors and employees of contractors excluded from plan.
Sec. 39.35.610. Transmittal of contributions to administrator; claims against funds of an employer.
Sec. 39.35.615. Effect of termination by amendment of agreement.
Sec. 39.35.620. Termination of participation.
Sec. 39.35.625. Termination costs.
Sec. 39.35.640. Conclusiveness of action taken upon termination.