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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 2. Administration. |
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Chapter 2.37. Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems. |
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Article 2.37.1. Judicial Retirement System. |
Section 2.37.035. Actuarial adjustment factor basis.
Latest version.
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The basis of the assumptions for the reduced benefit actuarial adjustment factors (1) for an early retirement benefit, before July 1, 1981 is a factor that reduces the normal retirement amount by 0.5 percent per month for each month that the retirement precedes the normal retirement age; (2) on or after July 1, 1981 but before August 1, 1983, is a unisex factor set using a 50 percent to 50 percent blend of male and female rates from the 1971 Group Annuity Mortality Table, table GA71U, with an annual interest rate of 6.25 percent; (3) on or after August 1, 1983, is for an early retirement benefit, a unisex factor set using a 50 percent to 50 percent blend of male and female rates from the 1971 Group Annuity Mortality Table, table GA7IU, with an annual interest rate of 8.30 percent.
Authorities
22.25.025;22.25.027