Alaska Statutes (Last Updated: January 11, 2017) |
Title 39. PUBLIC OFFICERS AND EMPLOYEES. |
Chapter 39.35. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF ALASKA. |
Article 39.35.10. EMPLOYEES FIRST HIRED ON OR AFTER JULY 1, 2006. |
Section 39.35.870. Eligibility for retirement and medical benefits.
Latest version.
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(a) In order to obtain medical benefits under AS 39.35.880, an active member must retire directly from the plan. A member is eligible to retire from the plan if the member has been an active member for at least 12 months before application for retirement and
(1) the member has at least 25 years of membership service as a peace officer or firefighter or at least 30 years of membership service for all other employees; or
(2) the member reaches the normal retirement age and has at least 10 years of membership service.
(b) The normal retirement age is the age set for Medicare eligibility at the time the member retires.
(c) A member's surviving spouse is eligible to elect medical benefits under AS 39.35.880 if the member had retired, or was eligible for retirement and medical benefits at the time of the member's death.
(d) Members shall apply for retirement and medical benefits on the forms and in the manner prescribed by the administrator.
(e) Participation in the retiree major medical insurance plan is not required in order to participate in the health reimbursement arrangement.
(f) A person eligible for retirement and medical benefits is not required to participate in the health reimbursement arrangement in order to participate in the retiree major medical insurance plan.
(g) An eligible person must make the irrevocable election to participate or not participate in the retiree major medical insurance plan by reaching 70 1/2 years of age, or upon application for retirement and medical benefits, whichever is later.
Authorities
39.30.380;39.30.390;39.30.495;39.35.890;39.35.940
Notes
Recent Bills that will modify this
HB 5 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
HB 23 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
HB 66 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
HB 90 PEACE OFFICER/FIREFIGHTER RETIREMENT
HB4002 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
SB 83 PEACE OFFICER/FIREFIGHTER RETIREMENT
SB 202 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
SB4002 INS. FOR DEPENDS. OF DECEASED FIRE/POLICE
Implemented As
2 AAC 35.137
2 AAC 35.230
References
2 AAC 35.137
2 AAC 35.230
AS 39.30.380 Termination of employment.
AS 39.30.390 Eligibility and reimbursement.
AS 39.30.495 Definitions.
AS 39.35.890 Occupational disability benefits and reemployment of disabled employees.
AS 39.35.940 Transfer into defined contribution plan by nonvested members of defined benefit plan.
History
(Sec. 122 ch 9 FSSLA 2005)