Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 2. Administration. |
Chapter 2.36. Teachers' Retirement System. |
Article 2.36.4. Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220). |
Section 2.36.270. Crediting territorial service claimed under AS 14.25.105 and military service claimed under AS 14.25.100.
Latest version.
-
(a) Credited service under AS 14.25.105 or AS 14.25.100 is granted on the basis of one calendar day of service credit for each day of permanent employment rendered to the Territory of Alaska or each day of active membership in the armed forces of the United States. For the purposes of this subsection, "permanent employment" means the employee was actively working and receiving compensation for personal services rendered or was on approved paid leave. Regularly scheduled days off and holidays are considered days of permanent employment. (b) To calculate the correct amount of credited service under AS 14.25.105, the beginning employment date is subtracted from the ending employment date by utilizing the PERS "decimal fractions of a year chart." Any resulting decimal fraction is rounded down to the nearest tenth of a year. For example, 0.984 equals nine-tenths of a year, not 1.0 year. (c) To calculate the correct amount of credited service under AS 14.25.100, the beginning date of active service is subtracted from the ending date of active service by utilizing the PERS "decimal fractions of a year chart." Any resulting decimal fraction is rounded down to the nearest tenth as indicated above. Dates must be obtained from a DD Form 214 or discharge certificate. There must be a separate verification document for each period of service.
Authorities
14.25.003;14.25.100;14.25.105;14.25.220
Notes
Authority
AS 14.25.003 AS 14.25.100 AS 14.25.105 AS 14.25.220 Editor's note: Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 36.270, 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
In effect before 10/21/83, Register 93; readopt 7/20/2006, Register 179
References
2.36.270;2.36