Section 39.35.541. Actuarial reduction of benefit.

Latest version.

   (a) If, as a result of service credit claimed for which there is a corresponding indebtedness existing at retirement, the member's retirement benefit is actuarially reduced and the resultant benefit is less than it would have been if the service credit had not been claimed, the retirement benefit shall be equal to the amount it would have been had the service credit not been claimed.
   (b) This section does not apply to an election to use service credit and a corresponding indebtedness under AS 39.35.340(i).

Notes

History

(Sec. 63 ch 137 SLA 1982; am Sec. 3 ch 81 SLA 2014)

                    
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