Section 2.35.310. Post-retirement pension adjustments.

	(a)  Repealed 7/20/2006.  
	(b)  The amount of the post-retirement pension adjustment will be calculated under AS 39.35.475 for each full year in which benefits have been received, and a proportionately reduced amount calculated for each partial year depending on the number of months in which benefits have been received.  
	(c)  A retired employee who first joined the system before July 1, 1986 and who is eligible for a PRPA under AS 39.35.475 will receive either the PRPA calculated under the current version of AS 39.35.475 or the adjustment calculated under the version of AS 39.35.475 in effect before July 1, 1986, whichever is greater.  

Authorities

39.35.003;39.35.475

Notes

Authority

AS 39.35.003 AS 39.35.475 Editor's note: Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 35.310, except for 2 AAC 35.310(a) and (b), without change, to affirm the validity of that section following statutory amendments made in ch. 9, FSSLA 2005. The department also repealed 2 AAC 35.310(a) and amended 2 AAC 35.310(b). 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. Even though the adoption of 2 AAC 35.310(c) was effective 2/13/2004, it was not published until Register 172, January 2005.

History

In effect before 10/21/83, Register 93; am 1/7/2001, Register 159; am 2/13/2004, Register 172; am/readopt 7/20/2006, Register 179

References

2.35.310;2.35