Section 2.35.260. Eligibility for benefits.

To be eligible for retirement benefits under AS 39.35.370(a)(1) and (b), nonoccupational disability benefits under AS 39.35.400(a) and nonoccupational death benefits under AS 39.35.420(b), an employee must have at least five years of credited service for which no indebtedness is owed at the time of retirement, disability, or death. An employee retiring under AS 39.35.370(a)(2) or (3) must have 20 years of credited service and 30 years of credited service, respectively, for which no indebtedness is owed at the time of retirement, unless the employee claims credited service as a peace officer under AS 39.35.370(g) or (h). To be eligible for retirement benefits under AS 39.35.385(f), an employee must have at least 60 days of credited service in each of five legislative sessions for which no indebtedness exists at the time of retirement.  

Authorities

39.35.003;39.35.370;39.35.385;39.35.400;39.35.420

Notes

Authority

AS 39.35.003 AS 39.35.370 AS 39.35.385 AS 39.35.400 AS 39.35.420 Editor's note: Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 35.260, without change, to affirm the validity of that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter 9, FSSLA 2005 eliminated the Public Employees' Retirement Board, and largely transferred the board's authority to adopt regulations in 2 AAC 35 to the commissioner of administration.

History

In effect before 10/21/83, Register 93; am 1/7/2001, Register 159; readopt 7/20/2006, Register 179

References

2.35.260;2.35