Alaska Statutes Title 14, Chapter 14.25, Article 02 - Teachers' Defined Benefit Retirement Plan

• Sec. 14.25.010 Retirement Plan Established; Federal Qualification Requirements.
  (a) A joint-contributory retirement plan for teachers of the state is created.(b) The retirement plan established by AS 14.25.009 - 14.25.220 is intended to...
• Sec. 14.25.012 Purpose and Effective Date.
  (a) [Repealed, Sec. 132 ch 9 FSSLA 2005]. (b) The plan created in AS 14.25.009 - 14.25.220 became effective as of July 1, 1955,...
• Sec. 14.25.015 - 14.25.037. Administrator; Powers of the Administrator; Regulations; Duties of the Administrator; Teachers' Retirement Board; Hearings. [Repealed, Sec. 132 Ch 9 Fssla 2005].
  Repealed or Renumbered
• Sec. 14.25.040 Membership; Credited Service.
  (a) Unless a teacher or member participates in a university retirement program under AS 14.40.661 - 14.40.799 or has elected under AS 14.25.540 to...
• Sec. 14.25.043 Reemployment of Retired Members.
  (a) If a retired member again becomes an active member, benefit payments may not be made during the period of reemployment. The retirement benefit...
• Sec. 14.25.045 Participation by National Education Association Employees. [Repealed, Sec. 116(a) Ch 20 Sla 2007].
  Repealed or Renumbered
• Sec. 14.25.047 Participation by Special Education Service Agency Employees.
  An employee of the Special Education Service Agency may participate in the plan under AS 14.25.009 - 14.25.220 if(1) the employee possesses or is...
• Sec. 14.25.048 Teachers of Alaska Native Language and Culture.
  (a) Except as provided in (d) of this section, an employee employed by a participating employer on or after June 5, 1988, shall participate...
• Sec. 14.25.050 Contributions by Members.
  (a) Except as provided in (c) of this section, beginning January 1, 1991, each member shall contribute to the plan an amount equal to...
• Sec. 14.25.055 Supplemental Contributions by Teachers.
  If a teacher first joined the plan before July 1, 1982, and is married or has a minor child and wishes to make a...
• Sec. 14.25.060 Arrearage Indebtedness.
  (a) If a member first joined the plan before July 1, 1990, and has military service or Alaska Bureau of Indian Affairs (BIA) service,...
• Sec. 14.25.061 Retroactive Indebtedness.
  (a) A member who was not subject to the provisions of AS 14.25.009 - 14.25.220, but who becomes subject to them because of a...
• Sec. 14.25.062 Reinstatement Indebtedness. [Repealed, Sec. 133, Ch 9 Fssla 2005].
  Repealed or Renumbered
• Sec. 14.25.063 Payment of Indebtedness.
  (a) In AS 14.25.009 - 14.25.220, a member does not have to be reemployed under this plan in order to make indebtedness payments. However,...
• Sec. 14.25.065 Transmittal of Contributions; Claims Against Funds of an Employer.
  (a) All contributions deducted in accordance with AS 14.25.050 and 14.25.055 shall be transmitted to the plan for deposit in the retirement fund no...
• Sec. 14.25.070 Contributions by Employers.
  (a) Each employer shall contribute to the system every payroll period an amount calculated by applying a rate of 12.56 percent to the total...
• Sec. 14.25.075 Purchase of Credited Service.
  (a) An employee who is eligible to purchase credited service under AS 14.25.047 or 14.25.048, a member who is eligible to purchase credited service...
• Sec. 14.25.080 Contributions by the State. [Repealed, Sec. 25 Ch 91 Sla 1987].
  Repealed or Renumbered
• Sec. 14.25.085 Additional State Contributions.
  In addition to the contributions that the state is required to make under AS 14.25.070 as an employer, the state shall contribute to the...
• Sec. 14.25.087 Contributions for Medical Benefits.
  Contributions made by an employer under AS 14.25.070 and 14.25.085 shall be separately computed for benefits provided by AS 14.25.168 and shall be deposited...
• Sec. 14.25.090 Contributions by the State for Arrearages. [Repealed, Sec. 7 Ch 66 Sla 1973].
  Repealed or Renumbered
• Sec. 14.25.100 Credit for Service in the Armed Forces.
  (a) A member who served as an active member of the armed forces of the United States may receive credited service under this plan...
• Sec. 14.25.105 Credit for Service As an Employee of the Territory of Alaska.
  (a) A teacher who completes 15 years of membership service under AS 14.25.009 - 14.25.220 may elect to receive credited service for employment rendered...
• Sec. 14.25.107 Credit for Alaska Bia Service.
  A member who joins the plan on or after July 1, 1978, who has Alaska BIA service may claim all of that service as...
• Sec. 14.25.110 Retirement Benefits.
  (a) Subject to AS 14.25.167 , a member is eligible for a normal retirement benefit if the member(1) was first hired before July 1,...
• Sec. 14.25.115 Unused Sick Leave Credit.
  (a) A teacher in membership service on or after July 1, 1977, who is appointed to retirement on or after July 1, 1978, may...
• Sec. 14.25.120 Manner of Computing Service Retirement Salary. [Repealed, Sec. 50 Ch 13 Sla 1980].
  Repealed or Renumbered
• Sec. 14.25.125 Conditional Service Retirement Benefits.
  (a) Subject to AS 14.25.167 , a member is eligible for a normal retirement salary at age 60 with at least(1) two years membership...
• Sec. 14.25.130 Disability Benefits.
  (a) A member who has five or more years of membership service is eligible for a disability pension if, after July 1, 1966, and...
• Sec. 14.25.135 - 14.25.140. Deferred Retirement Benefits; Notification of Intent to Retire; Manner of Computing Disability Retirement Salary. [Repealed, Sec. 50 Ch 13 Sla 1980].
  Repealed or Renumbered
• Sec. 14.25.142 Cost-Of-living Allowance.
  (a) While residing in the state, a person receiving a benefit under AS 14.25.009 - 14.25.220 who is at least 65 years of age...
• Sec. 14.25.143 Post Retirement Pension Adjustment.
  (a) Once each year, the administrator shall increase benefit payments to eligible disabled members, to persons age 60 or older receiving benefits under this...
• Sec. 14.25.145 Interest on Individual Accounts.
  Interest shall be credited to each teacher's account at the end of each school year at the rate prescribed by the board for that
• Sec. 14.25.150 Refund Upon Termination.
  (a) Except as provided in (b) of this section, a terminated member is entitled to a refund of the balance of the member contribution...
• Sec. 14.25.153 Rights Under Qualified Domestic Relations Order.
  A former spouse shall be treated as a spouse or surviving spouse under AS 14.25.009 - 14.25.220 to the extent required by a qualified...
• Sec. 14.25.155 Nonoccupational Death Benefits.
  (a) If the death of a member occurs after completing less than one year of membership service and the proximate cause of death is...
• Sec. 14.25.157 Occupational Death Benefits.
  (a) If (1) the death of a member occurs before the member first attains eligibility for normal retirement, and (2) the proximate cause of...
• Sec. 14.25.160 Death Benefits.
  (a) A death benefit shall be paid and any supplemental contributions shall be refunded to the designated beneficiary, upon receipt of a valid claim...
• Sec. 14.25.162 Survivor's Allowance.
  (a) If an active or disabled member dies and leaves a dependent child, and supplemental contributions have been made under AS 14.25.055 for at...
• Sec. 14.25.163 Rollover Distributions and Rollover Contributions.
  (a) A distributee may elect, at the time and in the manner prescribed by the administrator, to have all or part of an eligible...
• Sec. 14.25.164 Spouse's Pension.
  (a) If an active or disabled member dies, a pension is payable to the member's spouse if the member made supplemental contributions under AS...
• Sec. 14.25.165 Distribution Requirements.
  (a) The entire interest of a member must be distributed or must begin to be distributed not later than the member's required beginning date.(b)...
• Sec. 14.25.166 Designation of Beneficiary.
  (a) Each member shall designate the beneficiary or beneficiaries to whom the administrator shall distribute benefits payable under AS 14.25.009 - 14.25.220 as a...
• Sec. 14.25.167 Joint and Survivor Option.
  (a) Benefits payable under this section are in place of benefits payable under AS 14.25.110 , 14.25.125, 14.25.155, 14.25.157, 14.25.160, 14.25.162, or 14.25.164. Upon...
• Sec. 14.25.168 Medical Benefits.
  (a) Except as provided in (c) of this section, the following persons are entitled to major medical insurance coverage under this section:(1) for teachers...
• Sec. 14.25.169 Duplicate Benefits.
  If payments from this retirement plan are due to a teacher or to the teacher's spouse under more than one provision of this plan,...
• Sec. 14.25.170 Administration. [Repealed, Sec. 132 Ch 9 Fssla 2005].
  Repealed or Renumbered
• Sec. 14.25.173 Adjustments.
  (a) When a change or error is made in the records maintained by the plan or in the contributions made on behalf of an...
• Sec. 14.25.175 Waiver of Adjustments.
  (a) Upon request by an affected member or beneficiary under (b) of this section, the commissioner of administration may waive an adjustment or a...
• Sec. 14.25.177 Effect of Amendments; Determination of Benefits Upon Termination.
  (a) An amendment to AS 14.25.009 - 14.25.220 is not retroactive unless its retroactivity is expressly stated in the amendment.(b) The monthly amount of...
• Sec. 14.25.180 Management and Investment of Fund. [Repealed, Sec. 132 Ch 9 Fssla 2005].
  Repealed or Renumbered
• Sec. 14.25.181 Exclusive Benefit; Use of Forfeitures; Limitations.
  (a) The corpus or income of the assets held in trust as required by the plan may not be diverted to or used for...
• Sec. 14.25.190 Management and Investment of Fund. [Repealed, Sec. 132 Ch 9 Fssla 2005].
  Repealed or Renumbered
• Sec. 14.25.195 Special Rules for Treatment of Qualified Military Service.
  (a) Notwithstanding any contrary provisions of AS 14.25.009 - 14.25.220, with respect to qualified military service, contributions shall be made and benefits and service...
• Sec. 14.25.200 Exemption From Taxation and Process.
  (a) Except as provided in AS 29.45.030 (a)(1) or in (c) of this section, member contributions and other amounts held in the plan on...
• Sec. 14.25.205 Time Limit for Application.
  If an application for benefits or for refund has not been filed with the administrator by July 1 following the date on which an...
• Sec. 14.25.210 Penalty for False Statements.
  (a) A person who knowingly makes a false statement, or falsifies or permits to be falsified any record of this plan, in an attempt...
• Sec. 14.25.212 Pension Forfeiture.
  The provisions of AS 37.10.310 apply to pension benefits under AS 14.25.009 - 14.25.220.
• Sec. 14.25.220 Definitions.
  In AS 14.25.009 - 14.25.220, unless the context requires otherwise,(1) "active member" means a member who is employed by an employer, is receiving compensation...

Last modified: November 15, 2016