Section 39.35.395. Voluntary contribution benefit.

Latest version.

The balance of the employee's savings account shall be paid in one of the following options as elected by the employee:
        (1) a lump sum payment; or
        (2) a life annuity on a full cash refund or term-certain basis; or
        (3) installments over a designated period of time.

Authorities

39.35.100

Notes

References

AS 39.35.100 Accounting.

History

(Sec. 35 ch 128 SLA 1977)

                    
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