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 plan each July 1 or, if funds are not available on July 1, as soon after July 1 as funds become available, an amount for the ensuing fiscal year that, when combined with the total employer contributions that the administrator estimates will be allocated under AS 14.25.070(c), is sufficient to pay the plan's past service liability at the contribution rate adopted by the board under AS 37.10.220 for that fiscal year.
Section: Previous 14.25.061 14.25.062 14.25.063 14.25.065 14.25.070 14.25.075 14.25.080 14.25.085 14.25.087 14.25.090 14.25.100 14.25.105 14.25.107 14.25.110 14.25.115 NextLast modified: November 15, 2016