Except as provided in AS 22.25.023 (b), a retired justice or judge eligible for retirement pay shall receive from the date of eligibility until death monthly retirement pay equal to five percent per year of service, to a maximum of 75 percent, of the monthly salary authorized for justices and judges, respectively, at the time each retirement payment is made. For a justice or judge who was first employed in this retirement system on or after July 1, 1996, base annual salary does not include remuneration in excess of the limitations set out in 26 U.S.C. 401(a)(17) (Internal Revenue Code).
Section: Previous 22.25.010 22.25.011 22.25.012 22.25.020 22.25.021 22.25.022 22.25.023 22.25.025 22.25.027 22.25.030 22.25.033 22.25.035 22.25.040 22.25.041 22.25.045 NextLast modified: November 15, 2016