Section 2.35.315. Level income option.

Latest version.

A retirement benefit adjustment at age 65 for a member who has selected the level income option applies to post-retirement pension adjustments (PRPA) and the Alaska cost-of-living allowance (COLA). Except as provided in 2 AAC 35.320, the COLA percentage and the percentage of PRPAs accrued at the time of the adjustment are applied to the after age 65 base retirement benefit to determine the adjusted COLA and PRPA amounts.

Authorities

39.35.040;39.35.042;39.35.460

Notes

Authority
 AS 39.35.040  
AS 39.35.042  
AS 39.35.460  
History Eff. 2/23/2001, Register 159

                    
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