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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 39. PUBLIC OFFICERS AND EMPLOYEES. |
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Chapter 39.35. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF ALASKA. |
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Article 39.35.07. BENEFITS. |
Section 39.35.485. Minimum benefit.
Latest version.
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(a) An employee who is eligible for a benefit calculated in accordance with AS 39.35.370(c) is entitled to a benefit of at least $25 a month for each year of credited service, not including adjustments made under AS 39.35.340 for military service, AS 39.35.360 for credit for earlier service, AS 39.35.370(c) for early retirement, AS 39.35.420 for nonoccupational death benefits, AS 39.35.450 for the survivor's option, former AS 39.35.460 for the level income option, AS 39.35.475 for the post-retirement pension adjustment, and AS 39.35.480 for the cost of living.
(b) [Repealed, Sec. 55 ch 128 SLA 1977].
Authorities
39.35.381
Notes
Recent Bills that will modify this
HB 90 PEACE OFFICER/FIREFIGHTER RETIREMENT
SB 83 PEACE OFFICER/FIREFIGHTER RETIREMENT
References
AS 39.35.381 Alternate benefit for elected public officers.
History
(Sec. 15 ch 159 SLA 1972; am Sec. 16 ch 47 SLA 1974; am Sec. 14 ch 205 SLA 1975; am Sec. 24 ch 123 SLA 1976; am Sec. 55 ch 128 SLA 1977; am Sec. 35 ch 146 SLA 1980; am Sec. 58 ch 137 SLA 1982; am Sec. 16 ch 4 FSSLA 1996; am Sec. 113 ch 9 FSSLA 2005)