(a) If, as a result of service credit claimed for which there is a corresponding indebtedness existing at retirement, the member's retirement benefit is actuarially reduced and the resultant benefit is less than it would have been if the service credit had not been claimed, the retirement benefit shall be equal to the amount it would have been had the service credit not been claimed.
(b) This section does not apply to an election to use service credit and a corresponding indebtedness under AS 39.35.340 (i).
Section: Previous 39.35.500 39.35.505 39.35.510 39.35.520 39.35.522 39.35.525 39.35.527 39.35.530 39.35.535 39.35.540 39.35.541 39.35.545 39.35.546 39.35.547 NextLast modified: November 15, 2016