Section 39.35.280. Additional state contributions.

Latest version.

In addition to the contributions that the state is required to make under AS 39.35.255 as an employer, the state shall contribute to the plan each July 1 or, if funds are not available on July 1, as soon after July 1 as funds become available, an amount for the ensuing fiscal year that, when combined with the total employer contributions that the administrator estimates will be allocated under AS 39.35.255(c), is sufficient to pay the plan's past service liability at the contribution rate adopted by the board under AS 37.10.220 for that fiscal year.

Authorities

9.17.070

Notes

References

AS 9.17.070 .070">Sec. 09.17.070. Collateral benefits.

History

(Sec. 10 d ch 143 SLA 1960; am Sec. 12 ch 13 SLA 2008)

                    
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