Section 2.36.808. Calculation of indebtedness for territorial service claimed under AS 14.25.105.

Latest version.

	(a)  The amount of the retroactive contributions for territorial service claimed under AS 14.25.105 equals the amount of the contributions that the member would have made to the system had the service been creditable at the time it was rendered.  
	(b)  Compound interest at the prescribed rate shall be added to the retroactive indebtedness for the territorial service credit beginning July 1, 1980, or the date on which the member first attains 15 years of membership service, whichever is later.

Authorities

14.25.003;14.25.105

Notes

Authority
 AS 14.25.003  
AS 14.25.105  
History Eff. 7/20/2006, Register 179

                    
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