Section 2.35.285. Actuarial cost of public service benefit.

Latest version.

For the purpose of calculating the actuarial cost of a public service benefit, interest earned on contributions and indebtedness payments means total investment returns as reported by the plan's financial statements in each relevant annual financial report of the system.

Authorities

39.35.003;39.35.375

Notes

Authority
 AS 39.35.003  
AS 39.35.375  
Editor's note: Effective 7/20/2006, the Register 179, Department of Administration readopted 2 AAC 35.285, 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 Eff. 1/7/2001, Register 159; readopt 7/20/2006, Register 179

References

2.35.285;2.35

                    
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