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Article 1. Administration of the Public Employees' Retirement System of Alaska.
Sec. 39.35.001. Purpose. - The purpose of this chapter is to encourage qualified personnel...
Sec. 39.35.002. Attorney general. - The attorney general of the state is the legal counsel...
Sec. 39.35.003. Administrator. - (a) The commissioner of administration or the commissioner's designee is...
Sec. 39.35.004. Powers and duties of the administrator. - (a) The administrator shall (1) establish and maintain an adequate...
Sec. 39.35.005. Regulations. - (a) Regulations adopted by the commissioner of administration under this...
Sec. 39.35.006. Appeals. - An employer, member, annuitant, or beneficiary may appeal a decision...
Sec. 39.35.007. Investment management of retirement system funds. - The Alaska Retirement Management Board established under AS 37.10.210 is...
Sec. 39.35.008. Definitions. - In AS 39.35.001 - 39.35.008, (1) “commissioner” means the commissioner...
Sec. 39.35.011. Exclusive benefit. - The corpus or income of the assets held in trust...
Sec. 39.35.070. Duty of employers to furnish records. - Each employer shall furnish the administrator with records concerning the...
Article 2. Public Employees' Defined Benefit Retirement Plan.
Sec. 39.35.095. Applicability of AS 39.35.095 - 39.35.680. - The following provisions of this chapter apply only to members...
Sec. 39.35.100. Accounting. - (a) The commissioner shall establish and maintain an adequate system...
Sec. 39.35.115. Defined benefit retirement plan. - (a) A defined benefit retirement plan for employees of the...
Article 3. Membership.
Sec. 39.35.120. Commencement of participation. - (a) An employee of the state shall be included in...
Sec. 39.35.125. Participation of elected officials. - (a) An elected official of the state or of a...
Sec. 39.35.131. Membership in teachers' and public employees' retirement systems. - (a) A person who is employed at least half-time in...
Sec. 39.35.150. Re-employment of retired employees. - (a) If a retired employee subsequently becomes an active member,...
Sec. 39.35.153. Army and air national guard employees. - A regular full-time civilian employee of the Alaska Army National...
Sec. 39.35.154. North Pacific Fishery Management Council employees. - An employee of the North Pacific Fishery Management Council appointed...
Sec. 39.35.158. Administrative director of courts. - An administrative director of the Alaska court system who withdraws...
Article 4. Contributions by Employees.
Sec. 39.35.160. Amount of employee contributions. - (a) Beginning January 1, 1987, each peace officer or firefighter...
Sec. 39.35.165. Purchase of credited service. - (a) An employee who is eligible to purchase credited service...
Sec. 39.35.170. Employment contributions mandatory. - Contributions of employees shall be made by payroll deductions. Every...
Sec. 39.35.180. Voluntary contributions by employee. - In addition to the mandatory contributions required of an employee...
Sec. 39.35.195. Rollover distributions and rollover contributions. - (a) A distributee may elect, at the time and in...
Sec. 39.35.200. Refund upon termination of employment for reason other than death. - (a) Except as provided in (c) of this section, an...
Sec. 39.35.230. Refund upon death of retired employee. - Upon the death of a retired employee, the employee's beneficiary...
Sec. 39.35.240. Withdrawal of voluntary contributions. - An active employee may withdraw a savings account only if...
Article 5. Contributions by Employers.
Sec. 39.35.255. Contributions by employers. - (a) Each employer, except as provided in (h) of this...
Sec. 39.35.280. Additional state contributions. - In addition to the contributions that the state is required...
Sec. 39.35.282. Contributions for medical benefits. - Contributions made by an employer under AS 39.35.255 and 39.35.280...
Sec. 39.35.290. Regulations governing transmittal of employer contributions. - The commissioner shall adopt regulations to ensure the orderly and...
Article 6. Service.
Sec. 39.35.300. Employment with the state. - (a) An active employee is entitled to credited service for...
Sec. 39.35.310. Employment with other employers. - (a) An active employee is entitled to credited service for...
Sec. 39.35.330. Leave of absence. - (a) A leave of absence with pay authorized by an...
Sec. 39.35.340. Military service. - (a) A vested employee is entitled to credited service for...
Sec. 39.35.342. Village public safety officer service. - (a) A vested employee is entitled to credited service for...
Sec. 39.35.345. Temporary service credit. - (a) A vested employee is entitled to credited service for...
Sec. 39.35.360. Earlier service. - (a) An employee who completes three years of credited service...
Article 7. Benefits.
Sec. 39.35.370. Retirement benefits. - (a) Subject to AS 39.35.450, a terminated employee is eligible...
Sec. 39.35.371. Distribution requirements. - (a) The entire interest of a member must be distributed...
Sec. 39.35.375. Public service benefit. - (a) An active or inactive member who has never been...
Sec. 39.35.381. Alternate benefit for elected public officers. - (a) An elected public officer is eligible for a public...
Sec. 39.35.385. Conditional service retirement benefits. - (a) Subject to AS 39.35.450, an employee is eligible for...
Sec. 39.35.389. Alternate benefits for EPORS members. - (a) Notwithstanding former AS 39.37.050, a former member of the...
Sec. 39.35.395. Voluntary contribution benefit. - The balance of the employee's savings account shall be paid...
Sec. 39.35.400. Nonoccupational disability benefits. - (a) An employee is eligible for a nonoccupational disability benefit...
Sec. 39.35.410. Occupational disability benefits. - (a) An employee is eligible for an occupational disability benefit...
Sec. 39.35.415. Reemployment of disabled employees. - An employee appointed to disability benefits under AS 39.35.400 or...
Sec. 39.35.420. Nonoccupational death benefits. - (a) If the death of an employee occurs from nonoccupational...
Sec. 39.35.430. Occupational death benefit. - (a) [Repealed, § 16 ch 123 SLA 1976.] (b) If...
Sec. 39.35.440. Death after occupational disability. - (a) [Repealed, § 19 ch 123 SLA 1976.] (b) Upon...
Sec. 39.35.450. Joint and survivor option. - (a) Benefits payable under this section are in place of...
Sec. 39.35.455. Rights under qualified domestic relations order. - A former spouse shall be treated as a spouse or...
Sec. 39.35.475. Post-retirement pension adjustment. - (a) Once each year the administrator shall increase benefit payments...
Sec. 39.35.480. Cost-of-living allowance. - (a) While residing in the state, a person receiving a...
Sec. 39.35.485. Minimum benefit. - (a) An employee who is eligible for a benefit calculated...
Sec. 39.35.490. Designation of beneficiary. - (a) Each employee shall designate the beneficiary or beneficiaries to...
Sec. 39.35.495. Time limit for application. - If no application for benefits or for refund has been...
Sec. 39.35.500. Safeguard of employee funds held by the plan; transfer to other plans. - (a) Except as provided in AS 29.45.030(a)(1) or in (b)...
Sec. 39.35.505. Exemption of employee funds and benefits. - Employee contributions and other amounts held in the plan and...
Sec. 39.35.510. Voluntary waiver of benefits. - A retired employee may, in writing, request the administrator to...
Sec. 39.35.520. Adjustments. - (a) When a change or error is made in the...
Sec. 39.35.522. Waiver of adjustments. - (a) Upon request by an affected member or beneficiary under...
Sec. 39.35.527. Election to terminate coverage as a peace officer or firefighter. - (a) Any active member may elect to irrevocably relinquish peace...
Sec. 39.35.530. Limit on pension. - An employee may not simultaneously receive a pension under more...
Sec. 39.35.535. Medical benefits. - (a) Except as provided in (d) of this section, the...
Sec. 39.35.541. Actuarial reduction of benefit. - (a) If, as a result of service credit claimed for...
Sec. 39.35.546. State and federal taxation of benefits. - (a) Benefits of AS 39.35.095 - 39.35.680 are exempt from...
Sec. 39.35.547. Effect of amendments. - (a) An amendment of AS 39.35.095 - 39.35.680 is not...
Article 8. Participation by Political Subdivisions and Public Organizations.
Sec. 39.35.600. Eligible employees bound to plan. - The eligible employees of a participating political subdivision or public...
Sec. 39.35.605. Contractors and employees of contractors excluded from plan. - (a) A person or legal entity providing services to the...
Sec. 39.35.610. Transmittal of contributions to administrator; claims against funds of an employer. - (a) The contributions of an employer and the contributions of...
Sec. 39.35.615. Effect of termination by amendment of agreement. - (a) A political subdivision or public organization may request that...
Sec. 39.35.620. Termination of participation. - (a) If the contributions are not transmitted to the commissioner...
Sec. 39.35.625. Termination costs. - (a) Notwithstanding AS 39.35.255, an employer that terminates participation of...
Sec. 39.35.630. Distribution. - A distribution made as a result of termination of participation...
Sec. 39.35.640. Conclusiveness of action taken upon termination. - In making a distribution, the determinations, divisions, appraisals, apportionments, and...
Sec. 39.35.650. Refunds to employers. - An employer may not receive an amount from the plan,...
Article 9. Provisions Generally Applicable to Employees Hired Before July 1, 2006.
Sec. 39.35.660. Nonguarantee of employment. - AS 39.35.095 - 39.35.680 is not a contract of employment...
Sec. 39.35.670. Fraud. - A person who knowingly makes a false statement, or falsifies...
Sec. 39.35.672. Pension forfeiture. - The provisions of AS 37.10.310 apply to pension benefits under...
Sec. 39.35.675. Inclusion of cost-of-living differentials in compensation and benefits. - (a) An employee shall make contributions to the plan based...
Sec. 39.35.677. Special rules for treatment of qualified military service. - (a) Notwithstanding any contrary provisions of AS 39.35.095 - 39.35.680,...
Sec. 39.35.678. Internal Revenue Code compliance. - (a) The administrator shall use forfeitures that arise for any...
Sec. 39.35.680. Definitions. - In AS 39.35.095 - 39.35.680, unless the context otherwise requires,...
Article 10. Employees First Hired on or after July 1, 2006.
Sec. 39.35.700. Applicability of AS 39.35.700 - 39.35.990. - The provisions of AS 39.35.700 - 39.35.990 apply only to...
Sec. 39.35.710. Defined contribution retirement plan established; federal qualification requirements. - (a) A defined contribution retirement plan is established for employees...
Sec. 39.35.720. Membership. - An employee who becomes a member on or after July...
Sec. 39.35.725. Participation of elected officials of political subdivisions. - (a) An elected official of a political subdivision of the...
Sec. 39.35.730. Contributions by members. - (a) Each member shall contribute to the member's individual account...
Sec. 39.35.740. Employment contributions mandatory. - Contributions of employees shall be made by payroll deductions. Every...
Sec. 39.35.750. Contributions by employers. - (a) An employer shall contribute to each member's individual account...
Sec. 39.35.760. Rollover contributions and distributions. - (a) An employee entering the plan may elect, at the...
Sec. 39.35.770. Transmittal of contributions; claims against funds of an employer. - (a) All contributions deducted in accordance with AS 39.35.700 -...
Sec. 39.35.780. Limitations on contributions and benefits. - Notwithstanding any other provisions of this plan, the annual additions...
Sec. 39.35.790. Vesting. - (a) A participating member is immediately and fully vested in...
Sec. 39.35.800. Investment of individual accounts. - (a) The board shall provide a range of investment options...
Sec. 39.35.810. Distribution election at termination. - (a) A member is eligible to elect distribution of the...
Sec. 39.35.820. Forms of distribution. - (a) A participant may elect to receive the participant's share...
Sec. 39.35.830. Manner of electing distributions. - (a) Any election or any alteration or revocation of a...
Sec. 39.35.840. Distribution requirements. - (a) Payments to a participant shall commence as soon as...
Sec. 39.35.850. Designation of beneficiary. - (a) Each participant shall have the right to designate a...
Sec. 39.35.860. Rights under qualified domestic relations order. - (a) Notwithstanding the nonalienation provisions in AS 39.35.900(a), the plan...
Sec. 39.35.870. Eligibility for retirement and medical benefits. - (a) In order to obtain medical benefits under AS 39.35.880,...
Sec. 39.35.880. Medical benefits. - (a) The medical benefits available to eligible persons are access...
Sec. 39.35.890. Occupational disability benefits and reemployment of disabled employees. - (a) An employee is eligible for an occupational disability benefit...
Sec. 39.35.891. Disability benefit and disabled peace officer or firefighter retirement benefit adjustment. - (a) Once each year, the administrator shall increase disability benefits...
Sec. 39.35.892. Occupational death benefit. - (a) If (1) the death of an employee occurs before...
Sec. 39.35.893. Survivor's pension adjustment. - (a) Once each year, the administrator shall increase payments to...
Sec. 39.35.894. Premiums for retiree major medical insurance coverage upon termination of disability benefits or survivor's pension. - The premium for retiree major medical insurance coverage payable by...
Sec. 39.35.895. Amendment and termination of plan. - (a) The state has the right to amend the plan...
Sec. 39.35.900. Exclusive benefit. - (a) The corpus or income of the assets held in...
Sec. 39.35.910. Nonguarantee of returns, rates, or benefit amounts. - The plan created by AS 39.35.700 - 39.35.990 is, with...
Sec. 39.35.920. Nonguarantee of employment. - The provisions of AS 39.35.700 - 39.35.990 are not a...
Sec. 39.35.930. Fraud. - (a) A person who knowingly makes a false statement or...
Sec. 39.35.932. Pension forfeiture. - The provisions of AS 37.10.310 apply to pension benefits under...
Sec. 39.35.940. Transfer into defined contribution plan by nonvested members of defined benefit plan. - (a) Subject to (i) of this section, an active member...
Sec. 39.35.950. Request by political subdivision to participate and adoption of resolution. - A municipality or other political subdivision of the state may...
Sec. 39.35.955. Request by public organization to participate and adoption of resolution. - A public organization may request to become an employer in...
Sec. 39.35.956. Contractors and employees of contractors excluded from plan. - (a) A person or legal entity providing services to the...
Sec. 39.35.957. Designation of eligible employees, agreement to contribute, and amendment of participation. - (a) A political subdivision or public organization participating in the...
Sec. 39.35.958. Termination of participation in the plan. - (a) A political subdivision or public organization may request that...
Sec. 39.35.960. Membership in teachers' and public employees' retirement systems. - A person who is employed at least half-time in the...
Sec. 39.35.965. Army and air national guard employees. - A regular full-time civilian employee of the Alaska Army National...
Sec. 39.35.970. North Pacific Fishery Management Council employees. - An employee of the North Pacific Fishery Management Council appointed...
Sec. 39.35.972. Special rules for treatment of qualified military service. - (a) Notwithstanding any contrary provisions of AS 39.35.700 - 39.35.990,...
Sec. 39.35.990. Definitions. - In AS 39.35.700 - 39.35.990, unless the context requires otherwise,...
Article 11. General Provisions Applicable to Title.
Sec. 39.35.995. Short title. - This chapter may be cited as the Public Employees' Retirement...