Section 2.35.410. Payment of remaining indebtedness at retirement.

Latest version.

An employee with an indebtedness to the defined benefit plan of the Public Employees' Retirement System (AS 39.35.095 - 39.35.680) who wishes to pay off the balance of that indebtedness, including accrued interest, must pay off the balance before the employees' retirement benefit begins. Once the employee is appointed to retirement, the application of a lifetime actuarial reduction to the employee's benefits based upon any indebtedness balance known to exist before the appointment may not be changed. Any indebtedness payments received after the employee has been appointed to a retirement benefit will be refunded to the employee.

Authorities

39.35.003;39.35.330;39.35.340;39.35.342;39.35.345;39.35.360

Notes

Authority
 AS 39.35.003  
AS 39.35.330  
AS 39.35.340  
AS 39.35.342  
AS 39.35.345  
AS 39.35.360  
History Eff. 7/20/2006, Register 179

                    
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