(a) Notwithstanding the nonalienation provisions in AS 39.35.900(a), the plan administrator may direct that benefits be paid to someone other than a member or beneficiary under a valid qualified domestic relations order that is executed by the judge of a competent court in accordance with applicable state law and that has been accepted by the administrator.
(b) The administrator shall determine whether an order meets the requirements of this section within a reasonable period after receiving an order. The administrator shall notify the member and any alternate payee that an order has been received and indicate to the member and any alternate payee when the order is accepted. A separate account for the alternate payee portion shall be established as soon as administratively feasible after the order has been accepted by the administrator.
Section: Previous 39.35.790 39.35.800 39.35.810 39.35.820 39.35.830 39.35.840 39.35.850 39.35.860 39.35.870 39.35.880 39.35.890 39.35.891 39.35.892 39.35.893 39.35.894 NextLast modified: November 15, 2016