(a) A participating member is immediately and fully vested in that member's contributions and related earnings.
(b) A member shall be fully vested in the employer contributions made on that member's behalf, and related earnings, after five years of service. A member is partially vested in the employer contributions made on that member's behalf, and the related earnings, in the ratio of
(1) 25 percent with two years of service;
(2) 50 percent with three years of service; and
(3) 75 percent with four years of service.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 35. Public Employees' Retirement System of Alaska
Article 10. Employees First Hired on or after July 1, 2006.
Sec. 39.35.700. Applicability of AS 39.35.700 - 39.35.990.
Sec. 39.35.725. Participation of elected officials of political subdivisions.
Sec. 39.35.730. Contributions by members.
Sec. 39.35.740. Employment contributions mandatory.
Sec. 39.35.750. Contributions by employers.
Sec. 39.35.760. Rollover contributions and distributions.
Sec. 39.35.770. Transmittal of contributions; claims against funds of an employer.
Sec. 39.35.780. Limitations on contributions and benefits.
Sec. 39.35.800. Investment of individual accounts.
Sec. 39.35.810. Distribution election at termination.
Sec. 39.35.820. Forms of distribution.
Sec. 39.35.830. Manner of electing distributions.
Sec. 39.35.840. Distribution requirements.
Sec. 39.35.850. Designation of beneficiary.
Sec. 39.35.860. Rights under qualified domestic relations order.
Sec. 39.35.870. Eligibility for retirement and medical benefits.
Sec. 39.35.880. Medical benefits.
Sec. 39.35.890. Occupational disability benefits and reemployment of disabled employees.
Sec. 39.35.892. Occupational death benefit.
Sec. 39.35.893. Survivor's pension adjustment.
Sec. 39.35.895. Amendment and termination of plan.
Sec. 39.35.900. Exclusive benefit.
Sec. 39.35.910. Nonguarantee of returns, rates, or benefit amounts.
Sec. 39.35.920. Nonguarantee of employment.
Sec. 39.35.932. Pension forfeiture.
Sec. 39.35.950. Request by political subdivision to participate and adoption of resolution.
Sec. 39.35.955. Request by public organization to participate and adoption of resolution.
Sec. 39.35.956. Contractors and employees of contractors excluded from plan.
Sec. 39.35.958. Termination of participation in the plan.
Sec. 39.35.960. Membership in teachers' and public employees' retirement systems.
Sec. 39.35.965. Army and air national guard employees.
Sec. 39.35.970. North Pacific Fishery Management Council employees.
Sec. 39.35.972. Special rules for treatment of qualified military service.