Section 2.36.260. Public service benefit.

Latest version.

For the purpose of calculating the actuarial cost of a public service benefit under AS 39.35.375, interest earned on contributions and indebtedness payments means the total investment returns on those contributions and payments.

Authorities

14.25.003

Notes

Authority
 AS 14.25.003  
Editor's note: Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 36.260, without change, to affirm the validity of that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely transferred the board's authority to adopt regulations in 2 AAC 36 to the commissioner of administration.  
History Eff. 1/7/2001, Register 159; readopt 7/20/2006, Register 179

References

2.36.260;2.36

                    
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