reglab/housing_qa huggingface dataset:
AK Stat § 14.25.370 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.370. Transmittal of contributions; claims against funds of an employer; use of contributions.

(a) All contributions deducted in accordance with AS 14.25.310 - 14.25.590 shall be transmitted to the plan for deposit in the appropriate account or trusts as soon as administratively feasible, but in no event later than 15 days following the close of the payroll period, with the final contributions due for any school year transmitted no later than July 15. (b) If contributions are not transmitted within the prescribed time limit, interest shall be assessed on the outstanding contributions at the rate established under AS 14.25.065 from the date that contributions were originally due. Amounts due from an employer and interest as prescribed in this subsection may be claimed by the administrator from any agency of the state or political subdivision that has in its possession funds of the employer or that is authorized to disburse funds to the employer that are not restricted by statute or appropriation to a specific purpose. The amount claimed shall be certified by the administrator as sufficient to pay the contributions and interest due from the employer. The amount claimed shall be submitted to the administrator for deposit in the appropriate account or trusts. (c) An employer is responsible for administrative fees, investment fees, and investment losses charged to accounts established under AS 14.25.340 resulting from contribution adjustments because the employer enrolled a member in the plan before the member was eligible for membership. Contributions made by an employee shall be returned to the employer by reducing future employee contributions due. Contributions, net of fees and investment losses, made by an employer shall be used to reduce future employer contributions due.
AK Stat § 14.25.380 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.380. Limitations on contributions and benefits.

Notwithstanding any other provisions of this plan, the annual additions to each member's individual account under this plan and under all defined contribution plans of the employer required to be aggregated with the contributions from this plan under the provisions of 26 U.S.C. 415 may not exceed, for any limitation year, the amount permitted under 26 U.S.C. 415(c) at any time. If the amount of a member's individual account contributions exceeds the limitation of 26 U.S.C. 415(c) for any limitation year, the administrator shall take any necessary remedial action to correct an excess contribution. A fixed benefit provided under this plan may not exceed, for or during a limitation year, the amount permitted under 26 U.S.C. 415(b). If a fixed benefit provided under this plan exceeds, for or during a limitation year, the amount permitted under 26 U.S.C. 415(b), the administrator shall take remedial action necessary to comply with the limits on the benefit amount in 26 U.S.C. 415(b). The provisions of 26 U.S.C. 415, and the regulations adopted under that statute, as applied to qualified plans of governmental employers are incorporated as part of the terms and conditions of the plan.
AK Stat § 14.25.390 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.390. Vesting.

(a) A participating member is immediately and fully vested in that member's contributions and related earnings. (b) A member is fully vested in the employer contributions made on that member's behalf, and related earnings, after five years of service. A member is partially vested in the employer contributions made on that member's behalf, and the related earnings, in the ratio of (1) 25 percent with two years of service; (2) 50 percent with three years of service; and (3) 75 percent with four years of service.
AK Stat § 14.25.400 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.400. Investment of individual accounts.

(a) The board shall provide a range of investment options and permit a participant to exercise investment control over the participant's assets in the member's individual account as provided in this section. If a participant exercises control over the assets in the individual account, the participant is not considered a fiduciary for any reason on the basis of exercising that control. (b) A participant may direct investment of plan funds held in an account among available investment funds in accordance with rules established by the board. (c) A participant may elect to change or transfer all or a portion of the participant's existing account balance among available investment funds not more often than once each day in accordance with the rules established by the administrator. Only the last election received by the administrator before the transmittal of contributions to the trust fund for allocation to the individual account will be used to direct the investment of the contributions received. (d) Except to the extent clearly set out in the terms of the investment plans offered by the employer to the employee, the employer is not liable to the participant for investment losses if the prudent investment standard has been met. (e) The employer, administrator, state, board, or a person or entity who is otherwise a fiduciary is not liable by reason for any participant's investment loss that results from the participant's directing the investment of plan assets allocated to the participant's account. (f) To the extent that a member's individual account has been divided as provided in a qualified domestic relations order between participants, each participant shall be treated as the holder of a separate individual account for purposes of investment yields, decisions, transfers, and time limitations imposed by this section.
AK Stat § 14.25.410 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.410. Distribution election at termination.

(a) A member is eligible to elect distribution of the member's account in accordance with this section 60 days after termination of employment. (b) Notwithstanding (a) of this section, distribution of all or a portion of the individual account of a member may take place before the 60th day after the termination of employment with the approval of the administrator if the member makes a written request for a distribution under this subsection. The member's spouse must consent to the request in writing if the member is married. Distribution of an individual account may only be made on account of an immediate and heavy financial need of the member for the following reasons and in the amount the need is demonstrated for (1) medical care described in 26 U.S.C. 213(d) incurred by the member, the member's spouse, or the member's dependent, or necessary to obtain that medical care; (2) the purchase of a principal residence for the member; (3) postsecondary education tuition and related educational fees for the next 12-month period for the member, the member's spouse, or a dependent of the member; in this paragraph, “dependent” has the meaning given in 26 U.S.C. 152; (4) prevention of the eviction of the member from the member's principal residence or foreclosure on the mortgage of the member's principal residence; or (5) any need prescribed by the United States Department of the Treasury, Internal Revenue Service, in a revenue ruling, notice, or other document of general applicability that satisfies the safe harbor definition of hardship under regulations adopted under 26 U.S.C. 401(k). (c) If a member dies before benefits commence, the member's beneficiary is immediately eligible to elect distribution of the member's share of the member's individual account. (d) Distributions are payable to an alternate payee in accordance with the terms and conditions of a qualified domestic relations order that is received and approved by the administrator as specified in AS 14.25.460. (e) Distributions that are being paid to a member may not be affected by the member's subsequent reemployment with the employer. Upon reemployment, a new individual account shall be established for the member to which any future contributions shall be allocated. Upon subsequent termination of employment, the member's new individual account shall be distributed in accordance with this section.
AK Stat § 14.25.420 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.420. Forms of distribution.

(a) A participant may elect to receive distribution of the participant's share of the individual account in a (1) lump sum payment, which is a single payment of the entire balance in the account; (2) periodic lump sum payment, which is a payment of a portion of the balance in the account, not more than twice each year; (3) period certain annuity payment, which is an annuity payable in a fixed number of monthly installments for a duration of 60, 120, or 180 months; (4) life annuity with a period certain payment, which is an annuity payable until the later of the first day of the month in which the annuitant's death occurs, or the date on which the payment of a fixed number of monthly installments is completed; the period certain for installments is 120 or 180 months; (5) single life annuity payment, which is an annuity payable monthly until the first of the month in which the annuitant's death occurs; (6) joint and survivor annuity payment, which is an annuity payable monthly to the member until the first of the month in which the member's death occurs; after the member's death, a survivor annuity equal to 50 percent or 100 percent of the member's benefit, as previously elected by the member, shall be paid monthly to the joint annuitant for the remainder of the survivor's lifetime; or (7) payment as authorized by a regulation adopted by the commissioner of administration. (b) Upon the death of an annuitant whose payments have commenced, an annuitant's beneficiary shall receive further payments only to the extent provided in accordance with the form of payment that was being made to the annuitant. The remaining portion of the interest shall continue to be distributed at least as rapidly as under the method of distribution being used before the annuitant's death. (c) If a participant dies before the distribution commencement date, distribution of the participant's entire interest to a beneficiary shall be payable in any form other than a joint and survivor annuity. (d) If an unmarried member or other participant fails to elect a form of payment before the distribution commencement date, the account shall be paid to a beneficiary in the form of a lump sum to the extent required by the minimum distribution requirements set out in the Internal Revenue Code. If a married member fails to elect a form of payment before the distribution commencement date, the account shall be paid in the form of a 50 percent joint and survivor annuity, with the member's spouse as the joint annuitant.
AK Stat § 14.25.430 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.430. Manner of electing distributions.

(a) Any election or any alteration or revocation of a prior election by a participant for any purpose under this plan shall be on forms or made in a manner prescribed for that purpose by the plan administrator. To be effective, the forms required or the required action for any purpose under this plan must be completed and received in accordance with regulations adopted by the commissioner of administration. (b) At any time, but not less than seven days before the distribution commencement date, a member, alternate payee, or beneficiary may change (1) the form of payment election; (2) an election to commence benefits; or (3) the joint annuitant designation. (c) Changes in elections are not allowed on or after seven days before the distribution commencement date.
AK Stat § 14.25.460 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.460. Rights under qualified domestic relations order.

(a) Notwithstanding the nonalienation provisions in AS 14.25.500(a), the administrator may direct that benefits be paid to someone other than a member or beneficiary under a valid qualified domestic relations order that is executed by the judge of a competent court in accordance with applicable state law and that has been accepted by the administrator. (b) The administrator shall determine whether an order meets the requirements of this section within a reasonable period after receiving an order. The administrator shall notify the member and any alternate payee that an order has been received and indicate to the member and any alternate payee when the order is accepted. A separate account for the alternate payee portion shall be established as soon as administratively feasible after the order has been accepted by the administrator.
AK Stat § 14.25.470 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.470. Eligibility for retirement and medical benefits.

(a) In order to obtain medical benefits under AS 14.25.480, a 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 30 years of service; or (2) the member reaches the normal retirement age and has at least 10 years of 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 14.25.480 if the member had retired, or was eligible for retirement and medical benefits at the time of the member's death. (d) A member 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 elect participation in the retiree major medical insurance plan. (g) An eligible person shall 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.
AK Stat § 14.25.486 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.486. Disability benefit adjustment.

(a) Once each year, the administrator shall increase disability benefits. The amount of the increase is a percentage of the current disability benefit equal to the lesser of 75 percent of the increase in the cost of living in the preceding calendar year or nine percent. (b) If a disabled member was not receiving a benefit during the entire preceding calendar year, the increase in the benefit under this section shall be adjusted by multiplying it by a fraction, the numerator of which is the number of months for which the benefit was received in the preceding calendar year and the denominator of which is 12. (c) An increase in benefit payments under this section is effective July 1 of each year and is based on the percentage increase in the Consumer Price Index for urban wage earners and clerical workers for Anchorage, Alaska, during the previous calendar year, as determined by the United States Department of Labor, Bureau of Labor Statistics. (d) Benefit adjustments under this section shall terminate the last day of the month following the date on which a disabled member is no longer receiving a disability benefit under AS 14.25.485.
AK Stat § 14.25.488 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.488. Survivors' pension adjustment.

(a) Once each year, the administrator shall increase payments to a person 60 years of age or older receiving a survivor's pension under AS 14.25.485(i) or 14.25.487(c) and to a person who has received a survivor's pension under AS 14.25.485(i) or 14.25.487(c) for at least eight years, who is not otherwise eligible for an increase under this section. (b) The amount of the increase is a percentage of the current survivor's pension equal to the lesser of 50 percent of the increase in the cost of living in the preceding calendar year or six percent. (c) If a survivor was not receiving a pension during the entire preceding calendar year, the increase in the survivor's pension under this section shall be adjusted by multiplying it by a fraction, the numerator of which is the number of months for which the pension was received in the preceding calendar year and the denominator of which is 12. (d) The administrator shall increase the initial survivor's pension paid to a survivor of a member who died while receiving disability benefits by a percentage equal to the total cumulative percentage that has been applied to the member's disability benefit under AS 14.25.486. (e) An increase in benefit payments under this section is effective July 1 of each year and is based on the percentage increase in the Consumer Price Index for urban wage earners and clerical workers for Anchorage, Alaska, during the previous calendar year, as determined by the United States Department of Labor, Bureau of Labor Statistics. (f) Pension adjustments under this section shall terminate the last day of the month following the date on which a survivor is no longer receiving a survivor's pension under AS 14.25.485(i) or 14.25.487(c).
AK Stat § 14.25.489 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.489. Premiums for retiree major medical insurance coverage upon termination of disability benefits or survivor's pension.

The premium for retiree major medical insurance coverage payable by a member whose disability benefit is terminated under AS 14.25.485(g) or by an eligible survivor whose survivor pension is terminated under AS 14.25.485(i) or 14.25.487(e) when the member would have been eligible for normal retirement if the member had survived shall be determined under AS 14.25.480(g)(2) as if the member or survivor were eligible for Medicare.
AK Stat § 14.25.490 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.490. Amendment and termination of plan.

(a) The state has the right to amend the plan at any time and from time to time, in whole or in part, including the right to make retroactive amendments referred to in 26 U.S.C. 401(b). (b) The plan administrator may not modify or amend the plan retroactively in such a manner as to reduce the benefits of any member accrued to date under the plan by reason of contributions made before the modification or amendment except to the extent that the reduction is permitted by the Internal Revenue Code. (c) The state may, in its discretion, terminate the plan in whole or part at any time without liability for the termination. If the plan is terminated, all investments remain in force until all individual accounts have been completely distributed under the plan, and, after all plan liabilities are satisfied, excess assets revert to the employer. (d) Any contribution made by an employer to the plan because of a mistake of fact must be returned to the employer by the administrator within one year after the contribution or discovery, whichever is later.
AK Stat § 14.25.500 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.500. Exclusive benefit.

(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants. (b) If plan benefits are provided through the distribution of annuity or insurance contracts, any refunds or credits in excess of plan benefits due to dividends, earnings, or other experience rating credits, or surrender or cancellation credits, shall be paid to the trust fund. (c) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer. (d) The administrator shall use forfeitures in the fixed benefit account of the plan that arise for any reason, including from termination of employment or death, to reduce employer contributions. Forfeitures may not be applied to increase the benefits of any member. (e) The administrator shall determine the amount of any fixed benefit that is determined on the basis of actuarial tables using assumptions approved by the commissioner. The amount of benefits is not subject to employer discretion.
AK Stat § 14.25.510 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.510. Nonguarantee of returns, rates, or benefit amounts.

The plan created by AS 14.25.310 - 14.25.590 is, with respect to individual accounts, treated as a defined contribution plan, and not a defined benefit plan. The amount of money in the individual account of a participant depends on the amount of contributions and the rate of return from investments of the account that varies over time. If benefits are paid in the form of an annuity, the benefit amount payable is dependent on the amount of money in the account and the interest rates applied and service fees charged by the annuity payor at the time the annuity is purchased from the carrier and benefits are first paid. Nothing in this plan guarantees a participant (1) a rate of return or interest rate other than that actually earned by the account of the participant, less applicable administrative expenses; or (2) an annuity based on interest rates or service charges other than interest rates available from and service charges by the annuity payor in effect at the time the annuity is paid.
AK Stat § 14.25.520 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.520. Nonguarantee of employment.

The provisions of AS 14.25.310 - 14.25.590 are not a contract of employment between an employer and an employee, nor do they confer a right of an employee to be continued in the employment of an employer, nor are they a limitation of the right of an employer to discharge an employee with or without cause.
AK Stat § 14.25.530 (2021)
2021 Alaska Statutes|Title 14. Education, Libraries, and Museums|Chapter 25. Teachers' Retirement|Article 3. Teachers First Hired on or after July 1, 2006.|Sec. 14.25.530. Fraud.

(a) A person who knowingly makes a false statement or falsifies or permits to be falsified a record of this plan in an attempt to defraud the plan is guilty of a class A misdemeanor. (b) In this section, “knowingly” has the meaning given in AS 11.81.900(a).