Alaska Statutes (Last Updated: January 11, 2017) |
Title 39. PUBLIC OFFICERS AND EMPLOYEES. |
Chapter 39.35. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF ALASKA. |
Article 39.35.07. BENEFITS. |
Section 39.35.420. Nonoccupational death benefits.
Latest version.
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(a) If the death of an employee occurs from nonoccupational causes after completing less than one year of credited service, the employee's designated beneficiary shall be paid the balance of the employee contribution account. If the death of an employee occurs from nonoccupational causes after completing at least one year but less than five years of credited service, a death benefit shall be paid to the employee's designated beneficiary. The amount of the death benefit shall be the amount set out in (c) of this section.
(b) If the death of a vested member or deferred vested member occurs from nonoccupational causes and the member designated no person other than the surviving spouse as beneficiary to receive nonoccupational death benefits, the surviving spouse may elect to receive either the amounts set out in (c) of this section or a 50 percent joint and survivor option based on credited service to the date of the employee's death or termination. Benefits accrue from the first day of the month following the employee's death and are payable the last day of the month.
(c) If, under AS 39.35.490, a vested or deferred vested member designates as beneficiary to receive nonoccupational benefits someone other than the surviving spouse to whom the member has been married for at least one year, the administrator shall pay the designated beneficiary: (1) the balance of the deceased member's employee contribution account; and (2) a lump-sum death benefit. The amount of the lump-sum death benefit is $100 times the years of credited service of the deceased member plus $1,000.
Authorities
39.35.340;39.35.430;39.35.440;39.35.450;39.35.485;39.35.530
Notes
Implemented As
2 AAC 35.260
References
2 AAC 35.260
2 AAC 38.070
2 AAC 39.100
2 AAC 39.290
2 AAC 39.399
AS 39.35.340 Military service.
AS 39.35.430 Occupational death benefit.
AS 39.35.440 Death after occupational disability.
AS 39.35.450 Joint and survivor option.
AS 39.35.485 Minimum benefit.
AS 39.35.530 Limit on pension.
History
(Sec. 23 ch 143 SLA 1960; am Sec. 12 ch 109 SLA 1970; am Sec. 11 ch 159 SLA 1972; am Sec. 22 ch 1 SLA 1974; am Sec. 14, 15 ch 123 SLA 1976; am Sec. 40 ch 128 SLA 1977; am Sec. 52 ch 137 SLA 1982; am Sec. 38 ch 117 SLA 1986)