Section 2.36.802. Payment of remaining indebtedness at retirement.

Latest version.

A member with an indebtedness to the defined benefit plan of the Teachers' Retirement System (AS 14.25.009 - 14.25.220) who wishes to pay off the balance of that indebtedness, including accrued interest, must pay off the balance before the member's retirement benefit begins. Once the member is appointed to retirement, the application of a lifetime actuarial reduction to the member's benefits based upon any indebtedness balance may not be changed. Any indebtedness payments received after the member has been appointed to a retirement benefit will be refunded to the member.

Authorities

14.25.003;14.25.063

Notes

Authority
 AS 14.25.003  
AS 14.25.063  
History Eff. 7/20/2006, Register 179

                    
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