Alaska Statutes (Last Updated: January 11, 2017) |
Title 14. EDUCATION, LIBRARIES, AND MUSEUMS. |
Chapter 14.25. TEACHERS' RETIREMENT. |
Article 14.25.02. TEACHERS' DEFINED BENEFIT RETIREMENT PLAN. |
Section 14.25.177. Effect of amendments; determination of benefits upon termination.
Latest version.
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(a) An amendment to AS 14.25.009 - 14.25.220 is not retroactive unless its retroactivity is expressly stated in the amendment.
(b) The monthly amount of a benefit payable under AS 14.25.009 - 14.25.220 shall be determined in accordance with the provisions of AS 14.25.009 - 14.25.220 in effect on the date of termination of the member's last segment of employment.
Notes
History
(Sec. 4 ch 169 SLA 1976; am Sec. 21 ch 13 SLA 1980)