Alaska Statutes Title 39, Chapter 39.35, Article 07 - Benefits

• Sec. 39.35.370 Retirement Benefits.
  (a) Subject to AS 39.35.450 , a terminated employee is eligible for a normal retirement benefit(1) at age 60 with at least five years...
• Sec. 39.35.371 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. 39.35.375 Public Service Benefit.
  (a) An active or inactive member who has never been vested in this plan or in the teachers' retirement plan under AS 14.25.009 -...
• Sec. 39.35.380 Early Retirement Benefits. [Repealed, Sec. 55 Ch 128 Sla 1977].
  Repealed or Renumbered
• Sec. 39.35.381 Alternate Benefit for Elected Public Officers.
  (a) An elected public officer is eligible for a public officer benefit if the officer is retired under AS 14.25.009 - 14.25.220. Only fully...
• Sec. 39.35.385 Conditional Service Retirement Benefits.
  (a) Subject to AS 39.35.450 , an employee is eligible for a normal retirement benefit at age 60 with at least two years of...
• Sec. 39.35.389 Alternate Benefits for Epors Members.
  (a) Notwithstanding former AS 39.37.050 , a former member of the Alaska Territorial Legislature who is receiving a benefit on June 5, 1989 under...
• Sec. 39.35.390 Deferred Retirement Benefit. [Repealed, Sec. 55 Ch 128 Sla 1977].
  Repealed or Renumbered
• Sec. 39.35.395 Voluntary Contribution Benefit.
  The balance of the employee's savings account shall be paid in one of the following options as elected by the employee:(1) a lump sum...
• Sec. 39.35.400 Nonoccupational Disability Benefits.
  (a) An employee is eligible for a nonoccupational disability benefit if the employee's employment is terminated because of a total and apparently permanent nonoccupational...
• Sec. 39.35.410 Occupational Disability Benefits.
  (a) An employee is eligible for an occupational disability benefit if employment is terminated because of a total and apparently permanent occupational disability, as...
• Sec. 39.35.415 Reemployment of Disabled Employees.
  An employee appointed to disability benefits under AS 39.35.400 or 39.35.410 shall apply to the division of vocational rehabilitation within 30 days of the...
• Sec. 39.35.420 Nonoccupational Death Benefits.
  (a) If the death of an employee occurs from nonoccupational causes after completing less than one year of credited service, the employee's designated beneficiary...
• Sec. 39.35.430 Occupational Death Benefit.
  (a) [Repealed, Sec. 16 ch 123 SLA 1976].(b) If (1) the death of an employee occurs before the employee's retirement and before the employee's...
• Sec. 39.35.440 Death After Occupational Disability.
  (a) [Repealed, Sec. 19 ch 123 SLA 1976].(b) Upon the death of a disabled employee who is receiving or is entitled to receive an...
• Sec. 39.35.450 Joint and Survivor Option.
  (a) Benefits payable under this section are in place of benefits payable under AS 39.35.370 , 39.35.385, and former AS 39.35.460 . Upon filing...
• Sec. 39.35.451 Spouse Survivor Benefits Under Public Employees Retirement Act of 1949. [Repealed, Sec. 47 Ch 59 Sla 2002].
  Repealed or Renumbered
• Sec. 39.35.455 Rights Under Qualified Domestic Relations Order.
  A former spouse shall be treated as a spouse or surviving spouse to the extent required by a qualified domestic relations order. Rights under...
• Sec. 39.35.460 Level Income Option. [Repealed, Sec. 20 Ch 4 Fssla 1996].
  Repealed or Renumbered
• Sec. 39.35.470 Other Forms of Payment. [Repealed, Sec. 85 Ch 59 Sla 1982; Sec. 75 Ch 137 Sla 1982].
  Repealed or Renumbered
• Sec. 39.35.475 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. 39.35.480 Cost-Of-living Allowance.
  (a) While residing in the state, a person receiving a benefit under AS 39.35.095 - 39.35.680 who is 65 years of age or older...
• Sec. 39.35.485 Minimum Benefit.
  (a) An employee who is eligible for a benefit calculated in accordance with AS 39.35.370 (c) is entitled to a benefit of at least...
• Sec. 39.35.490 Designation of Beneficiary.
  (a) Each employee shall designate the beneficiary or beneficiaries to whom the administrator shall distribute benefits payable under AS 39.35.095 - 39.35.680 as a...
• Sec. 39.35.495 Time Limit for Application.
  If no application for benefits or for refund has been filed with the administrator by July 1 following the date on which an inactive...
• Sec. 39.35.500 Safeguard of Employee Funds Held by the Plan; Transfer to Other Plans.
  (a) Except as provided in AS 29.45.030 (a)(1) or in (b) of this section, employee contributions and other amounts held in the plan are...
• Sec. 39.35.505 Exemption of Employee Funds and Benefits.
  Employee contributions and other amounts held in the plan and retirement benefits payable under AS 39.35.095 - 39.35.680 are exempt from levy to enforce...
• Sec. 39.35.510 Voluntary Waiver of Benefits.
  A retired employee may, in writing, request the administrator to suspend, for any period of time, payment of all or part of the benefits...
• Sec. 39.35.520 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. 39.35.522 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 any...
• Sec. 39.35.525 Limitation on Use of Credited Service As Peace Officer or Fireman. [Repealed, Sec. 37 Ch 106 Sla 1988].
  Repealed or Renumbered
• Sec. 39.35.527 Election to Terminate Coverage As a Peace Officer or Firefighter.
  (a) Any active member may elect to irrevocably relinquish peace officer or firefighter status with the plan and to retain all credited service as...
• Sec. 39.35.530 Limit on Pension.
  An employee may not simultaneously receive a pension under more than one section of AS 39.35.095 - 39.35.680. However, benefits under AS 39.35.420 (b),...
• Sec. 39.35.535 Medical Benefits.
  (a) Except as provided in (d) of this section, the following persons are entitled to major medical insurance coverage under this section:(1) for employees...
• Sec. 39.35.540 Minimum Benefit. [Repealed, Sec. 75 Ch 137 Sla 1982].
  Repealed or Renumbered
• Sec. 39.35.541 Actuarial Reduction of Benefit.
  (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...
• Sec. 39.35.545 Duplicate Benefits. [Repealed, Sec. 6 Ch 81 Sla 1976].
  Repealed or Renumbered
• Sec. 39.35.546 State and Federal Taxation of Benefits.
  (a) Benefits of AS 39.35.095 - 39.35.680 are exempt from Alaska state and municipal income taxes.(b) Benefits paid under AS 39.35.095 - 39.35.680 may...
• Sec. 39.35.547 Effect of Amendments.
  (a) An amendment of AS 39.35.095 - 39.35.680 is not retroactive unless its retroactivity is expressly stated in the amendment.(b) The monthly amount of...

Last modified: November 15, 2016