Alaska Statutes (Last Updated: January 11, 2017) |
Title 39. PUBLIC OFFICERS AND EMPLOYEES. |
Chapter 39.30. INSURANCE AND SUPPLEMENTAL EMPLOYEE BENEFITS. |
Article 39.30.05. STATE OF ALASKA TEACHERS' AND PUBLIC EMPLOYEES' RETIREE HEALTH REIMBURSEMENT ARRANGEMENT PLAN. |
Section 39.30.430. Exclusive benefit.
Latest version.
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(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.
(b) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.
Notes
History
(Sec. 80 ch 9 FSSLA 2005)