Section 14.25.055. Supplemental contributions by teachers.

If a teacher first joined the plan before July 1, 1982, and is married or has a minor child and wishes to make a spouse or minor child eligible for a spouse's pension or a survivor's allowance, the teacher may elect to make a supplemental contribution of an additional one percent of the teacher's base salary within 90 days of the teacher's entry into participation in the plan, or within 90 days of marriage, or within 90 days of the birth or adoption of a child dependent upon the teacher.  Once an election is made under this section, supplemental contributions must be made whenever contributions are required under AS 14.25.050 unless the teacher executes a written waiver with the administrator.  The execution of a waiver relinquishes all rights and benefits previously accrued under AS 14.25.162 and 14.25.164.

Authorities

14.25.160;14.25.162;14.25.164

Notes

Implemented As

2 AAC 36.250

References

2 AAC 36.250
2 AAC 36.257
AS 14.25.160 Death benefits.
AS 14.25.162 Survivor's allowance.
AS 14.25.164 Spouse's pension.

History

(Sec. 2 ch 151 SLA 1966; am Sec. 1 ch 45 SLA 1967; am Sec. 2 ch 84 SLA 1969; am Sec. 2 ch 138 SLA 1970; am Sec. 2 ch 66 SLA 1973; am Sec. 2 ch 128 SLA 1977; am Sec. 5 ch 13 SLA 1980; am Sec. 4 ch 137 SLA 1982)