Alaska Administrative Code

(a) The basis of the assumptions for the reduced benefit actuarial adjustment factors from July 1, 1973 through June 30, 1975 are(1) for an indebtedness amount owed, a factor set using separate male and female rates from the 1971 Group Annuity Mortality Table, table GA71M for mal…

(a) Credited service under AS 14.25.105 or AS 14.25.100 is granted on the basis of one calendar day of service credit for each day of permanent employment rendered to the Territory of Alaska or each day of active membership in the armed forces of the United States. For the purpos…

Part-time service credit is calculated by multiplying the number of contract days worked in the school year, not to exceed 172 days, by the percent representing the ratio of part-time service to full-time service. The result is the proportionate number of days worked for the scho…

A claim for credited service served before retirement but which is not filed until after appointment to retirement benefits is effective as of the first of the month following the date the claim is received. The system is not liable for any benefits based upon the newly claimed s…

A member may accrue service credit for periods of leave without pay (LWOP), provided an indebtedness has been established for this service. Periods of LWOP may not be used to satisfy the credited service requirements for normal or early retirement. Periods of LWOP may not be used…

(a) A member may apply to the administrator to have unused sick leave credited toward the member's retirement. The application must be in a form approved by the administrator. The application must present the member's full and entire claim for accrued unused sick leave credit as …

Notes 2 AAC 36.310 Eff. 8/7/92, Register 126; deleted as of Register 175, October 2005 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison feature…

Notes 2 AAC 36.320 Eff. 8/7/92, Register 126; deleted as of Register 175, October 2005 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison feature…

Notes 2 AAC 36.330 Eff. 8/7/92, Register 126; deleted as of Register 175, October 2005 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison feature…

(a) Effective July 1, 1974, the interest rate on arrearage, retroactive and reinstatement contributions to the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220) is seven percent compounded annually on June 30. (b) Effective June 30, 1974, the intere…

A member with an indebtedness to the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220) who wishes to pay off the balance of that indebtedness, including accrued interest, must pay off the balance before the member's retirement benefit begins. Once t…

The salary actually paid to a teacher during the time the teacher was on sabbatical leave may be used in calculating the average base salary for retirement purposes under the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220). The salary that the tea…

The reduction of wages authorized under AS 14.25.150(c) does not affect the determination of "base salary" (AS 14.25.220) or the determination of "average base salary" (AS 14.25.220) under the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220). The a…

(a) The amount of the retroactive contributions for territorial service claimed under AS 14.25.105 equals the amount of the contributions that the member would have made to the system had the service been creditable at the time it was rendered. (b) Compound interest at the prescr…

(a) Indebtedness balances of $50 or less under the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220) are written off. (b) Refunds of $50 or less under the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220) are written o…

Notes 2 AAC 36.820 In effect before 10/21/83, Register 93; repealed 1/7/2001, Register 159 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison fea…

The defined benefit plan of the teachers' retirement system (AS 14.25.009-14.25.220) shall use unisex tables containing unisex early retirement factors, unisex indebtedness factors, and unisex joint and survivor option factors in all appropriate computations. Notes 2 AAC 36.830 I…

Notes 2 AAC 36.835 Eff. 1/7/2001, Register 159; am/readopt 7/20/2006, Register 179; repealed 1/13/2010, Register 193 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly re…

Notes 2 AAC 36.840 In effect before 10/21/83, Register 93; repealed 7/20/2006, Register 179 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison fe…

(a)AS 14.25.220(38) and this section govern the membership in the TRS of all University of Alaska personnel. (b) The University of Alaska shall designate all current University of Alaska positions as PERS, TRS or nonapplicable. Any new position must be designated in the same mann…

A teacher who is a member of the defined benefit plan of the Teachers' Retirement System (AS 14.25.009-14.25.220) and who is on sabbatical leave approved by the University of Alaska is entitled to receive membership service credit under the plan for that period of time the member…

Notes 2 AAC 36.870 In effect before 10/21/83, Register 93; repealed 1/7/2001, Register 159 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison fea…

Notes 2 AAC 36.880 In effect before 10/21/83, Register 93; am 5/13/85, Register 99; repealed 7/20/2006, Register 179 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly re…

Notes 2 AAC 36.890 In effect before 10/21/83, Register 93; am 3/18/2004, Register 172; am/readopt 7/20/2006, Register 179; repealed 1/13/2010, Register 193 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most re…

(a) In this chapter, unless the context otherwise requires "division" means the division of retirement and benefits in the Department of Administration. (b) In AS 14.25.006, "decision made by the administrator" means a decision in a matter over which the administrator has control…

(a) When an application for voluntary retirement for incapacity under AS 22.25.010(c) is submitted to the governor by a justice or judge, the governor shall appoint a board of three persons to inquire into the circumstances. The board consists of disinterested persons as follows:…

(a) For the purposes of this chapter, a bona fide termination of employment is considered valid only if there is no prearrangement between the member and the employer for continued employment in any capacity after the retirement effective date. If any prearrangement to return to …

(a) The prescribed rate of interest to be credited to each member's account in the judicial retirement system is four and one-half percent. One-half of this prescribed rate shall be credited to each member's account semiannually on June 30 and December 31 of each year. The rate o…

(a) A benefit overpayment to a benefit recipient of the judicial retirement system must be recovered by applying a lifetime actuarial reduction to the benefit recipient's future monthly benefits, unless the benefit recipient elects to pay the overpayment in a lump sum. (b) A bene…

(a) After a member is divorced or the member's marriage is dissolved, the member's former spouse has no individual rights or entitlements to benefits from the system, but may, under a qualified domestic relations order, share in the stream of benefit payments paid to the member. …

The contributions of the court system must be transmitted to the division of retirement and benefits on a monthly basis within thirty days after the close of each payroll period for which the contributions are being made. Notes 2 AAC 37.030 In effect before 1/8/85, Register 93 Au…

(a) The court system shall transmit to the administrator records concerning a justice or judge's period of service, date of birth, compensation, entrance into service, death, withdrawal and other data necessary for the proper and effective operation of the system not later than 1…

The basis of the assumptions for the reduced benefit actuarial adjustment factors (1) for an early retirement benefit, before July 1, 1981 is a factor that reduces the normal retirement amount by 0.5 percent per month for each month that the retirement precedes the normal retirem…

(a) For purposes of compliance with the Internal Revenue Code 401(a)(7), the normal retirement benefit calculated under AS 22.25.010 and AS 22.25.012, is nonforfeitable upon attainment of normal retirement age. (b) Notwithstanding (a) of this section, a normal retirement benefit …

A period of leave without pay (LWOP) is not creditable service in the judicial retirement system. Member and employer contributions may not be made for a period of leave without pay. Notes 2 AAC 37.090 In effect before 1/8/85, Register 93 Authority:AS 22.25.025 AS 22.25.027 State…

(a) Pursuant to AS 22.25.025 and for purposes of compliance with the Internal Revenue Code of 1986, as amended, and applicable Treasury Regulations, the Judicial Retirement System under AS 22.25.010 - AS 22.25.900 hereby adopts by reference, as part of the governing Plan document…

(a) If a retired member of EPORS returns to employment that is included in the definition of "creditable service" under AS 39.37.150, retirement payments will not be made during the time of reemployment. During the time of reemployment the member shall contribute to EPORS under A…

(a) The prescribed rate of interest to be credited to each member's account in the elected public officers retirement system is four and one-half percent. One-half of this prescribed rate is credited to each member's account semiannually on June 30 and December 31 of each year. T…

(a) A benefit overpayment to an EPORS benefit recipient must be recovered by applying a lifetime actuarial reduction to the benefit recipient's future monthly benefits, unless the benefit recipient elects to pay the overpayment in a lump sum. (b) A benefit underpayment must be pa…

Adoption, amendment, or repeal of a regulation will be accomplished in accordance with AS 39.35.042. Notes 2 AAC 37.125 Eff. 2/1/89, Register 109 Authority:AS 39.30.155 State regulations are updated quarterly; we currently have two versions available. Below is a comparison betwee…

Appeals to the Public Employees Retirement Board under AS 39.30.155 are governed by the procedures set out in public employees' retirement system regulations, 2 AAC 35.080 and 2 AAC 35.100 - 2 AAC 35.180. Notes 2 AAC 37.127 Eff. 2/1/89, Register 109 Authority:AS 39.30.155 State r…

An employee for whom social security contributions (FICA) would have been withheld during the year by the employer if the employer had been participating in the social security system is an eligible employee and must participate in the supplemental annuity plan. Employees who par…

(a) An eligible employee may select benefit options under AS 39.30.160 during the election periods allowed. (b) An open enrollment will be held once a year during a period and in a manner prescribed by the administrator. During this open enrollment period eligible employees may a…

(a) An eligible employee who selects any benefit option under AS 39.30.160 will be enrolled on the later date of(1) the first day of the month after 30 days have elapsed since the date of employment; (2) the first day of the month after a month in which the supplemental benefits …

(a) Administrative fees for the supplemental benefits system programs will be deducted from contributions made to the individual employee annuity accounts. The form and amount of administrative fees will be determined by the administrator in a manner that matches annual administr…

If the supplemental benefits system has no record of receipt of an application, election, or claim, the application, election, or claim is ineffective unless the member shows reasonable proof that the form was transmitted to the division. Reasonable proof includes written demonst…

Notes 2 AAC 37.145 Repealed 2/1/89. State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare…

(a) The amount of the base pay for calculating supplemental disability insurance must be provided by the participating employer or, in the case of a state employee, it is the amount reflected on the personnel action on the first day of January following the close of the open enro…

The supplemental benefits system will operate in accordance with the supplemental annuity plan and the supplemental benefit plan. Conflicts between the operation of the supplemental benefits system under any documents other than the plan documents and operation of the system unde…

Upon the death of a participant, payment to beneficiaries will be made in accordance with the most recent beneficiary designation on file with the supplemental benefits system. If a valid beneficiary designation is not on file for any form of death benefit, payment for any such d…