reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.183 - Certain periods to count toward vesting in the defined contribution plan and the health reimbursement arrangement plan

Current through May 31, 2024
(a) A period during
				which a member of the defined contribution plan (AS
				14.25.310-14.25.590) is receiving an
				occupational disability benefit under
				AS
				14.25.485 constitutes membership service for
				the purposes of determining vesting in employer contributions under
				AS
				14.25.390(b) and eligibility
				for retirement and medical benefits under
				AS
				14.25.310-14.25.590 and under the health
				reimbursement arrangement plan (AS
				39.30.300-39.30.495).
(b) If a member of the defined contribution
				plan receiving or entitled to receive an occupational disability benefit under
				AS
				14.25.485 dies while receiving that benefit
				or before the commencement of the benefit, the period during which the member
				was eligible for the benefit and the period during which a survivor's benefit
				was paid to a survivor of the member constitute membership service for the
				purposes of determining vesting in employer contributions under
				AS
				14.25.390(b) and eligibility
				for retirement and medical benefits under
				AS
				14.25.310-14.25.590 and
				AS
				39.30.300-39.30.495.
(c) If a member of the defined contribution
				plan suffers an occupational death under
				AS
				14.25.487, the period during which a
				survivor's benefit is paid to a survivor of the member constitutes membership
				service for the purposes of determining vesting in employer contributions under
				AS
				14.25.390(b) and eligibility
				for retirement and medical benefits under
				AS
				14.25.310-14.25.590 and
				AS
				39.30.300-39.30.495.
Authority:
AS
					 14.25.003
AS 14.25.485
AS
					 14.25.487
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.184 - Prohibitions on elections of distributions from individual accounts of members of the defined contribution plan

Current through May 31, 2024
A member of the defined contribution plan (AS
				  14.25.310-14.25.590) may not elect
				  distributions from the member's individual account under
				  AS
				  14.25.410 while the member is receiving or
				  entitled to receive occupational disability benefits under
				  AS
				  14.25.485. A beneficiary of a deceased member
				  of the plan may not elect distributions from the deceased member's individual
				  account under
				  AS
				  14.25.410 while the beneficiary is receiving
				  survivor benefits under
				  AS
				  14.25.485(i) or
				  AS
				  14.25.487.
Authority:
AS
					 14.25.003
AS 14.25.410
AS 14.25.485
AS
					 14.25.487
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.185 - Vesting in employer contributions for members of the defined contribution plan receiving disability benefits

Current through May 31, 2024
Notwithstanding
				  AS
				  14.25.390(b), a member of
				  the defined contribution plan (AS
				  14.25.310-14.25.590) who is appointed to
				  occupational disability under
				  AS
				  14.25.485 becomes fully vested in the
				  employer contributions made under
				  AS
				  14.25.485(d)(2) as those
				  contributions are made.
Authority:
AS
					 14.25.003
AS 14.25.380
AS 14.25.390
AS
					 14.25.485
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.186 - Date of end of payment of survivor benefits under the defined contribution plan to dependent children

Current through May 31, 2024
Survivor benefits under
				  AS
				  14.25.485(i) and
				  AS
				  14.25.487 that are being paid to a dependent
				  child of a member of the defined contribution plan (AS
				  14.25.310-14.25.590) shall terminate on the
				  last day of the month in which the dependent child ceases to be a dependent
				  child as defined in
				  AS
				  14.25.590. If a survivor who has ceased to be
				  a dependent child subsequently becomes a dependent child again as defined in
				  AS
				  14.25.590, survivor benefits to that person
				  shall resume.
Authority:
AS
					 14.25.003
AS 14.25.485
AS
					 14.25.487
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.187 - Date of termination of employer contributions to the individual account of a deceased member of the defined contribution plan (Repealed)

Current through May 31, 2024
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.188 - Bona fide termination of employment

Current through May 31, 2024
(a) For purposes of this chapter, at
				retirement, a member's termination from employment is considered valid only if
				there is no prearrangement between the member and the employer for continued
				employment in any capacity after the retirement effective date. If any
				prearrangement to return to work with the same employer exists before
				retirement, the member will be deemed to not have a bona fide termination of
				employment and the member's retirement shall be void.
(b)  Unless (f) of this section applies, for
				purposes of a bona fide termination of employment, the following breaks - in -
				service requirements shall apply:
(1) a
				member under age 62 at the time of retirement cannot return to employment in
				any capacity with the same employer until six months have elapsed from the date
				of retirement;
(2) a member age 62
				or older cannot return to employment with the same employer until 60 days have
				elapsed from the date of retirement.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.189 - Compensation

Current through May 31, 2024
Except as may be expressly authorized by
				  AS
				  14.25.220(6),
				  "remuneration"
(1) means only the
				salary paid under contract to an employee for standard services
				rendered;
(2) does not include
				bonuses paid for retirement incentives, or additional pay outside the standard
				salary contract for an employee who agrees to retire if the additional pay is
				granted within 18 months before the employee's appointment to
				retirement.
Authority:
AS
					 14.25.003
AS 14.25.220
AS
					 14.25.590
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.191 - Valid beneficiary designation in the defined benefit and defined contribution plan

Current through May 31, 2024
A designation of beneficiary, a change or revocation of a
				  beneficiary, or a consent to a revocation of a beneficiary must be made on a
				  form provided by the administrator and filed with the plan administrator or the
				  administrator's designee. The administrator's designee is the entity with which
				  the administrator has a contract for beneficiary recordkeeping at the time of
				  filing.
Authority:
AS
					 14.25.003
AS 14.25.166
AS
					 14.25.450
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.192 - Defined contribution plan qualified domestic relations orders (QDRO's)

Current through May 31, 2024
(a) After a
				member covered under
				AS
				14.25.310-14.25.590 is divorced or the
				member's marriage is dissolved, the member's former spouse has no individual
				rights or entitlements to benefits from the system, but may, under a qualified
				domestic relations order, establish a separate interest in the vested
				contributions attributed to the member. To be valid and enforced by the
				administrator, a qualified domestic relations order must conform to both the
				requirements of AS 14.25 and the requirements of the United States Internal
				Revenue Code that the system must comply with in order to maintain its federal
				tax-qualified status.
(b) An
				alternate payee
(1) may only be the former
				spouse of a member who has been named by an order of a court of competent
				jurisdiction to receive all or a portion of the member's vested contribution
				account;
(2) will have a separate
				account established wherein the vested contributions of the member plus or
				minus the earnings on those contributions will be deposited according to the
				court's directive in a qualified domestic relations order (QDRO); and
(3) may elect to receive funds from the newly
				established account; leave the money in the account and manage it in the same
				manner as active or deferred participants or elect to receive the funds under
				one of several disbursement options under
				AS
				14.25.420.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.193 - Certification of teachers

Current through May 31, 2024
(a) For purposes of
				the definition of "teacher" and "member" in
				AS
				14.25.220 and
				14.25.590, a person is considered
				certificated and may remain in the teachers' retirement system if the person
				provides the administrator with evidence acceptable to the administrator that
				the person holds a valid teaching certificate issued to the person by the
				Department of Education and Early Development. Membership in the system is
				effective the date a valid teaching certificate is in effect. Employers may
				make contributions to the teachers' retirement system for the first 120 days of
				the person's employment pending issuance of the certificate. If 120 days have
				elapsed following the date of the person's employment and the person has not
				provided the administrator with evidence that the person holds a valid teaching
				certificate issued by the Department of Education and Early Development, the
				person's membership in the system will be terminated immediately, contributions
				will be refunded for that period of ineligible employment after the date of
				employment, and the corresponding period of ineligible service will be removed
				from the person's employment history. If the effective date of the certificate
				is later than the date of hire, contributions will be refunded and the
				corresponding period of ineligible service will be removed from the person's
				employment history for the period of ineligible employment from the date of
				hire to the effective date of certification.
(b) A teacher whose certificate has expired
				may remain in the teachers' retirement system if the person provides the
				administrator with evidence acceptable to the administrator that the person
				holds a valid teaching certificate issued to the person by the Department of
				Education and Early Development within 120 days of the date of the certificate
				expiration. If the effective date of renewal is later than the expiration date
				of the prior certificate, contributions will be refunded and the corresponding
				period of ineligible service will be removed from the person's employment
				history for the period of ineligible employment from the expiration date of the
				prior certificate to the effective date of certificate renewal.
(c) A school district will provide a copy of
				this regulation to a person hired for a teaching position who does not possess
				a valid teaching certificate at the time the person is hired and to a person
				hired for a teaching position whose teaching certificate is expiring within 30
				days.
Before Register 193, the content of
					 2 AAC 36.193 appeared at
					 2 AAC 36.890 for the defined benefit plan of the
					 teachers' retirement system.
Authority:
AS
					 14.25.003
AS 14.25.220
AS
					 14.25.590
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 2 - Administration of the Defined Benefits Plan (AS 14.25.009 - 14.25.220) and the Defined Contribution Plan (AS 14.25.310 - 14.25.590) › 2 AAC 36.194 - Forms of distribution under the defined contribution plan

Current through May 31, 2024
In addition to distribution options under
				  AS
				  14.25.420(a), a participant
				  may elect to receive the participant's share of the individual account in a
				  periodic payment paid monthly, quarterly, semi-annually, or annually, which
				  allows the participant to receive benefit payments out of their accounts while
				  staying invested in the current fund offerings provided by the plan. A
				  participant may select from the following payment schedules:
(1) a period certain, where the participant
				selects length of time to receive funds;
(2) a minimum distribution option, where the
				amounts paid will be recalculated annually and paid at the minimum distribution
				level; or
(3) a payment certain
				where the participant selects amount to be paid out and continue until funds
				are depleted.
All distributions of benefits must be made in accordance
				  with Internal Revenue Code provisions, which shall override any distribution
				  options inconsistent with such provisions. Any distribution, if applicable,
				  will be subject to the withholding of taxes which will be remitted to the
				  Internal Revenue Service.
Authority:
AS 
					 14.25.004
AS  14.25.005
AS  14.25.420
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.200 - Verification of benefits for BIA service

Current through May 31, 2024
A member who has been credited with service under
				  AS
				  14.25.107 may, at the administrator's
				  discretion, be required to provide the administrator with proof of the benefit
				  amount the member is receiving from the United States government for that same
				  period of service, or proof that the member is not entitled to receive a
				  benefit from the United States government for that same period of service. The
				  administrator may require a member credited with BIA service under
				  AS
				  14.25.107 to submit proof under this section
				  before appointment to retirement and once a year after appointment to
				  retirement.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.200, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
AS
					 14.25.107
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.210 - Alaska cost-of-living allowance

Current through May 31, 2024
(a) The Alaska
				cost-of-living allowance established under
				AS
				14.25.142 accrues from the first day of the
				month after written application from the member, in a form prescribed by the
				administrator, is either hand-delivered to the division of retirement and
				benefits, or is mailed to the division of retirement and benefits and
				postmarked from within Alaska. If a mailed application has an illegible
				postmark or an undated postmark, the postmark day is rebuttably presumed to be
				five working days before the day the application was received by the
				division.
(b) Except as otherwise
				provided by
				AS
				14.25.142, a member must be domiciled and
				physically present in Alaska to receive a cost-of-living allowance under
				AS
				14.25.142.
(c) For the purposes of this chapter, a
				person domiciled in the state is a person who
(1) maintains his or her principal residence
				in the state of Alaska;
(2)
				demonstrates at all times during an absence an intent to return to Alaska and a
				resident of Alaska; and
(3) does
				not claim residency outside the state or obtain benefits of residency in
				another state or nation.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.220 - Calculation of post-retirement pension adjustments

Current through May 31, 2024
(a) For the
				purposes of the version of
				AS
				14.25.143 in effect before July 1, 1990, the
				change in the cost of living shall be determined by using the Consumer Price
				Index (CPI) for Urban Wage Earners and Clerical Workers issued for Anchorage,
				Alaska. The most recent available CPI issued after the effective date of the
				member's appointment to receive benefits shall be used as the basis for
				determining the increase in the cost of living for that member.
(b) For the purposes of the version of
				AS
				14.25.143(b)(2) in effect
				before July 1, 1990, the amount of the PRPA will not exceed four percent
				compounded for each full year in which benefits have been received, and a
				proportionately reduced percentage for each partial year, depending on the
				number of months in which benefits have been received.
(c) A retired employee who first joined the
				system prior to July 1, 1990 and who is eligible for a PRPA under
				AS
				14.25.143 will receive either the PRPA
				calculated under the current version of
				AS
				14.25.143 or the adjustment calculated under
				the version of
				AS
				14.25.143 in effect before July 1,1990,
				whichever is greater.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.220, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Even though the adoption of
					 2 AAC 36.220(c) was effective
					 3/18/2004, it was not published until Register 172, January
					 2005.
Authority:
AS
					 14.25.003
AS
					 14.25.143
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.225 - Benefit adjustments

Current through May 31, 2024
(a) A benefit overpayment by the defined
				benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220), other than one
				described in
				AS
				14.25.173(b) or waived under
				AS
				14.25.175, must be recovered by applying a
				lifetime actuarial reduction to the benefit recipient's future monthly
				benefits, unless the benefit recipient elects to pay the overpayment in a lump
				sum.
(b) A benefit underpayment by
				the defined benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220) must be paid to the
				recipient
(1) by applying a lifetime actuarial
				increase to the recipient's future monthly benefits if the underpayment exceeds
				$3,500, unless the recipient elects to receive a lump sum payment; or
(2) by lump sum if the underpayment is $3,500
				or less.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.230 - Eligibility for benefits

Current through May 31, 2024
(a) For the
				purposes of eligibility for retirement benefits under
				AS
				14.25.110(a) and (b),
				"membership service" and "credited service" mean membership and credited
				service, respectively, for which no indebtedness is owed at the time of
				retirement.
(b) For the purposes of
				eligibility for disability benefits under
				AS
				14.25.130, "membership service" means
				membership service for which no indebtedness is owed at the time of
				disability.
(c) If an indebtedness
				is owing, the indebtedness must be paid in full in order to establish
				eligibility for retirement benefits under
				AS
				14.25.110(a) and (b) or
				disability benefits under
				AS
				14.25.130.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.230, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
AS 14.25.110
AS 14.25.130
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.234 - Eligible for normal retirement

Current through May 31, 2024
For purposes of
				  AS
				  14.25.130(e), eligible for
				  normal retirement means:
(1) for a
				member first joining the system before July 1, 1990, reaches age 55 with at
				least 8 years of credited service for which no indebtedness is due or accrues
				sufficient paid-up credited service, including credited service accrued as a
				result of the disability, to entitle the member to retire under
				AS
				14.25.110(a)(1), (4), (5), (6), or
				(7), whichever comes first;
(2) for a member first joining the system on
				or after July 1, 1990, reaches age 60 with at least 8 years of credited service
				for which no indebtedness is due or accrues sufficient paid-up credited
				service, including credited service accrued as a result of the disability, to
				entitle the member to retire under
				AS
				14.25.110(a)(1), (4), (5), (6), or
				(7), whichever occurs earlier.
Even though the adoption of
					 2 AAC 36.234 was effective 4/20/2001, it was not
					 published until Register 179, October
					 2006.
Authority:
AS
					 14.25.130
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.235 - Determination of retirement service eligibility for members with combined part-time and full-time service

Current through May 31, 2024
A member of the defined benefit plan of the Teachers'
				  Retirement System (AS
				  14.25.009-14.25.220) with combined part-time
				  and full-time membership service may retire at any age only if the member
				  worked a full school year for each of 20 school years in a qualifying part-time
				  or full-time position. Partial school years are credited according to the
				  definition of "year of service" in
				  AS
				  14.25.220 and the partial year credit earned
				  as determined under
				  2 AAC 36.275 will count toward the 20-year service
				  requirement of
				  AS
				  14.25.110(a)(7).
Even though the adoption of
					 2 AAC 36.235 was effective 3/18/2004, it was not
					 published until Register 172, January
					 2005.
Authority:
AS
					 14.25.003
AS 14.25.110
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.250 - Supplemental option

Current through May 31, 2024
(a) This section applies to a member's
				obligations under
				AS
				14.25.055 (supplemental contributions) and
				entitlements under
				AS
				14.25.162 (survivor's allowance) and
				AS
				14.25.164 (spouse's pension).
(b) A member who elects to make a
				supplemental contribution under
				AS
				14.25.055 shall continue that contribution
				until the member executes a waiver in the form prescribed by the administrator,
				the member is appointed to retirement, or the member terminates employment with
				an employer. Execution of a waiver of supplemental contribution forfeits all
				previously accrued entitlements under
				AS
				14.25.162 and
				AS
				14.25.164.
(c) While a member is appointed to disability
				under AS
				14.25.130, supplemental contributions under
				AS
				14.25.055 are suspended, but coverage under
				AS
				14.25.162 and
				AS
				14.25.164 continues.
(d) If a retired member who elected to make
				supplemental contributions under
				AS
				14.25.055 returns to employment with an
				employer, supplemental contributions are required if the member wishes
				additional coverage under
				AS
				14.25.162 and
				AS
				14.25.164 for the period of reemployment. If
				the member does not desire to make supplemental contributions, then the member
				shall execute a waiver and file it with the administrator. Execution of a
				waiver does not forfeit the member's entitlements earned during the period of
				prior employment once the member is reappointed to retirement. If a member,
				before retirement, did not qualify for a supplemental benefit, and does not
				execute a waiver during a period of reemployment, and then accrues enough
				service during reemployment, such that, when added to all previous service
				coverage by supplemental contributions, the member has enough time to qualify
				for supplemental benefits, then the supplemental benefit is payable and covers
				all periods of employment.
(e) As
				used in AS 14.25.055"entry into
				participation in the system" means initial membership under the teachers'
				retirement system or reemployment with an employer. There must be a 12-month
				break in membership coverage under the teachers' retirement system before a
				member is eligible to participate on the basis of reemployment.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.250, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
AS 14.25.055
AS 14.25.130
AS 14.25.162
AS
					 14.25.164
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.253 - Waiver of survivor benefit by a spouse in favor of another dependent

Current through May 31, 2024
The only dependent other than a spouse whom the administrator
				  will approve as a contingent beneficiary for a joint and survivor benefit under
				  AS
				  14.25.167 is a disabled child of the employee
				  who is principally dependent upon the employee for support and who is totally
				  and presumably permanently disabled. An employee who wishes to name a disabled
				  child as the employee's beneficiary under
				  AS
				  14.25.167 must file an application on a form
				  provided by the administrator requesting the administrator's approval of the
				  appointment of beneficiary.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.253, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Even though the adoption of
					 2 AAC 36.253 was effective 3/18/2004, it was not
					 published until Register 172, January
					 2005.
Authority:
AS
					 14.25.003
AS
					 14.25.167
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.255 - Revokes a revocable disposition

Current through May 31, 2024
For purposes of
				  AS
				  14.25.166(a) and in
				  accordance with
				  AS
				  13.12.804(a)(1)(A), a
				  divorce, a dissolution of marriage, or an annulment of a marriage revokes a
				  revocable disposition or appointment of property. If a member designates a
				  spouse as a beneficiary and is subsequently divorced or a dissolution or
				  annulment of the marriage is granted, the beneficiary designation is void
				  unless the member, in writing after the divorce, dissolution, or annulment
				  specifically affirms the former spouse as a beneficiary.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.255, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
AS
					 14.25.166
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.257 - Defined benefit plan qualified domestic relations order (QDROs)

Current through May 31, 2024
(a) After a
				member covered under
				AS
				14.25.009-14.25.220 is divorced or the
				member's marriage is dissolved, the member's former spouse has no individual
				rights or entitlements to benefits from the system, but may, under a qualified
				domestic relations order, share in the stream of benefit payments paid to the
				member. To be valid and enforced by the administrator, a qualified domestic
				relations order must conform to both the requirements of AS 14.25 and the
				requirements of the United States Internal Revenue Code that the system must
				comply with in order to maintain its federal tax-qualified status.
(b) An alternate payee
(1) may only be the former spouse of a member
				who has been named by an order of a court of competent jurisdiction to receive
				all or a portion of the member's retirement benefit;
(2) may not elect benefit options, but may
				only share in benefit options elected by the member;
(3) may not name survivors or beneficiaries
				to the alternate payee's portion of the member's benefit; and
(4) will not be provided medical or insurance
				benefits at the system's expense but may purchase coverage from the system at
				the full calculated cost to the system; the alternate payee must elect to
				purchase the coverage within 60 days after appointment to benefits.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.260 - Public service benefit

Current through May 31, 2024
For the purpose of calculating the actuarial cost of a public
				  service benefit under
				  AS
				  39.35.375, interest earned on contributions
				  and indebtedness payments means the total investment returns on those
				  contributions and payments.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.260, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 3 - Benefits Under the Defined Benefits Plan of the Teachers' Retirement System ( AS 14.25.009 - 14.25.220) › 2 AAC 36.269 - Actuarial adjustment factor basis

Current through May 31, 2024
(a) The basis of
				the assumptions for the reduced benefit actuarial adjustment factors from July
				1, 1973 through June 30, 1975 are
(1) for an
				indebtedness amount owed, a factor set using separate male and female rates
				from the 1971 Group Annuity Mortality Table, table GA71M for males and table
				GA71F for females, with an annual interest rate of 7.0 percent;
(2) for an early retirement benefit,
(A) a factor set for male members using the
				1971 Group Annuity Mortality Table, table GA71M, with an annual interest rate
				for a whole age of 50 through 54 at 4.17 percent;
(B) a factor set for female members using the
				1971 Group Annuity Mortality Table, table GA71F, with an annual interest rate
				for a whole age of 50 through 54 that varies from 4.47 percent to 4.49 percent,
				respectively, with varying rates in between for other ages.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 4 - Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220) › 2 AAC 36.270 - Crediting territorial service claimed under AS 14.25.105 and military service claimed under AS 14.25.100

Current through May 31, 2024
(a) Credited
				service under
				AS
				14.25.105 or
				AS
				14.25.100 is granted on the basis of one
				calendar day of service credit for each day of permanent employment rendered to
				the Territory of Alaska or each day of active membership in the armed forces of
				the United States. For the purposes of this subsection, "permanent employment"
				means the employee was actively working and receiving compensation for personal
				services rendered or was on approved paid leave. Regularly scheduled days off
				and holidays are considered days of permanent employment.
(b) To calculate the correct amount of
				credited service under
				AS
				14.25.105, the beginning employment date is
				subtracted from the ending employment date by utilizing the PERS "decimal
				fractions of a year chart." Any resulting decimal fraction is rounded down to
				the nearest tenth of a year. For example, 0.984 equals nine-tenths of a year,
				not 1.0 year.
(c) To calculate the
				correct amount of credited service under
				AS
				14.25.100, the beginning date of active
				service is subtracted from the ending date of active service by utilizing the
				PERS "decimal fractions of a year chart." Any resulting decimal fraction is
				rounded down to the nearest tenth as indicated above. Dates must be obtained
				from a DD Form 214 or discharge certificate. There must be a separate
				verification document for each period of service.
Authority:
AS
					 14.25.003
AS 14.25.100
AS 14.25.105
AS 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 4 - Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220) › 2 AAC 36.275 - Calculation of proportionate part-time service credit

Current through May 31, 2024
Part-time service credit is calculated by multiplying the
				  number of contract days worked in the school year, not to exceed 172 days, by
				  the percent representing the ratio of part-time service to full-time service.
				  The result is the proportionate number of days worked for the school year that
				  are credited according to the formula contained in
				  AS
				  14.25.220(45) for "years of
				  service".
Even though the adoption of
					 2 AAC 36.275 was effective 3/18/2004, it was not
					 published until Register 172, January
					 2005.
Authority:
AS 14.25.022
AS 14.25.035
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 4 - Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220) › 2 AAC 36.278 - Credited service claims filed after retirement

Current through May 31, 2024
A claim for credited service served before retirement but
				  which is not filed until after appointment to retirement benefits is effective
				  as of the first of the month following the date the claim is received. The
				  system is not liable for any benefits based upon the newly claimed service
				  before that date.
Even though the adoption of
					 2 AAC 36.278 was effective 3/18/2004, it was not
					 published until Register 172, January
					 2005.
Authority:
AS 14.25.022
AS 14.25.035
AS
					 14.25.143
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 4 - Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220) › 2 AAC 36.280 - Leave of absence without pay

Current through May 31, 2024
A member may accrue service credit for periods of leave
				  without pay (LWOP), provided an indebtedness has been established for this
				  service. Periods of LWOP may not be used to satisfy the credited service
				  requirements for normal or early retirement. Periods of LWOP may not be used to
				  satisfy vesting requirements.
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.280, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.20.345
AS
					 14.25.003
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 4 - Service Under the Defined Benefits Plan ( AS 14.25.009 - 14.25.220) › 2 AAC 36.290 - Service credit for unused sick leave

Current through May 31, 2024
(a) A member may
				apply to the administrator to have unused sick leave credited toward the
				member's retirement. The application must be in a form approved by the
				administrator. The application must present the member's full and entire claim
				for accrued unused sick leave credit as reflected by the records of the
				member's last employer preceding appointment to retirement, unless the member
				submits an additional claim for unused sick leave for TRS service with the
				University of Alaska under (b) of this section.
(b) A member who has unused sick leave for
				TRS service with the University of Alaska may submit an application for that
				unused sick leave and an application for unused sick leave for employment with
				other TRS employers.
(c) An
				application to credit unused sick leave toward appointment to retirement must
				contain, or be accompanied by, a certified statement by the employer that
				confirms the amount of the member's unused sick leave.
(d) Unused sick leave approved for credit by
				the administrator under this section is credited toward retirement under this
				subsection. Only full days of unused sick leave are credited for appointment to
				retirement. Unused sick leave of 172 days is credited as one full year of
				service credit. Unused sick leave in excess of 172 days is counted on a
				day-for-day basis for additional service credit. All service credit is granted
				in accordance with the table for partial year credit referred to in
				AS
				14.25.220(40).
Effective 7/20/2006, Register 179, the Department of
					 Administration readopted
					 2 AAC 36.290, without change, to affirm the validity of
					 that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter
					 9, FSSLA 2005 eliminated the Teachers' Retirement Board, and largely
					 transferred the board's authority to adopt regulations in 2 AAC 36 to the
					 commissioner of administration.
Authority:
AS
					 14.25.003
AS 14.25.115
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.800 - Interest

Current through May 31, 2024
(a) Effective July 1, 1974, the interest rate
				on arrearage, retroactive and reinstatement contributions to the defined
				benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220) is seven percent
				compounded annually on June 30.
(b)
				Effective June 30, 1974, the interest rate on member contribution accounts in
				the defined benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220) is four and one-half
				percent compounded annually on June 30.
(c) Interest on member contribution accounts
				in the defined benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220) will be credited on
				contributions which are due for the preceding school year and are transmitted
				by July 15 of the succeeding school year. The date of postmark is the
				transmittal date. The system is not liable for interest on contributions that
				cannot be posted to the member contribution account.
(d) Compound interest as prescribed for
				arrearage indebtedness, retroactive indebtedness and reinstatement indebtedness
				to the defined benefit plan of the Teachers' Retirement System (AS
				14.25.009-14.25.220) commences on the date
				specified by law. If a law permits the establishment of an indebtedness not
				previously authorized, then the interest commences the date of the enactment of
				the law or the date the member joins the system, whichever is later.
Authority:
AS
					 14.25.003
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.802 - Payment of remaining indebtedness at retirement

Current through May 31, 2024
A member with an indebtedness to the defined benefit plan of
				  the Teachers' Retirement System (AS
				  14.25.009-14.25.220) who wishes to pay off
				  the balance of that indebtedness, including accrued interest, must pay off the
				  balance before the member's retirement benefit begins. Once the member is
				  appointed to retirement, the application of a lifetime actuarial reduction to
				  the member's benefits based upon any indebtedness balance may not be changed.
				  Any indebtedness payments received after the member has been appointed to a
				  retirement benefit will be refunded to the member.
Authority:
AS
					 14.25.003
AS
					 14.25.063
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.804 - Calculation of average base salary for teachers with sabbatical leave

Current through May 31, 2024
The salary actually paid to a teacher during the time the
				  teacher was on sabbatical leave may be used in calculating the average base
				  salary for retirement purposes under the defined benefit plan of the Teachers'
				  Retirement System (AS
				  14.25.009-14.25.220). The salary that the
				  teacher would have earned had the teacher continued in full-time teaching may
				  not be used in calculating average base salary for retirement
				  purposes.
Authority:
AS
					 14.20.310
AS 14.25.003
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.806 - Calculation of average base salary and TRS contribution amounts

Current through May 31, 2024
The reduction of wages authorized under
				  AS
				  14.25.150(c) does not affect
				  the determination of "base salary" (AS
				  14.25.220)  or the determination of "average
				  base salary" (AS 14.25.220)  under the defined
				  benefit plan of the Teachers' Retirement System (AS
				  14.25.009-14.25.220). The amounts of plan
				  contributions and benefits are based on the full wages prior to the reduction
				  made under
				  AS
				  39.30.150(c).
Authority:
AS
					 14.25.003
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.808 - Calculation of indebtedness for territorial service claimed under AS 14.25.105

Current through May 31, 2024
(a) The amount of the retroactive
				contributions for territorial service claimed under
				AS
				14.25.105 equals the amount of the
				contributions that the member would have made to the system had the service
				been creditable at the time it was rendered.
(b) Compound interest at the prescribed rate
				shall be added to the retroactive indebtedness for the territorial service
				credit beginning July 1, 1980, or the date on which the member first attains 15
				years of membership service, whichever is later.
Authority:
AS
					 14.25.003
AS
					 14.25.105
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.810 - Writing off small indebtedness balances and refunds

Current through May 31, 2024
(a) Indebtedness
				balances of $50 or less under the defined benefit plan of the Teachers'
				Retirement System (AS
				14.25.009-14.25.220) are written
				off.
(b) Refunds of $50 or less
				under the defined benefit plan of the Teachers' Retirement System
				(AS
				14.25.009-14.25.220) are written
				off.
Authority:
AS
					 14.25.003
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.830 - Adoption of unisex tables

Current through May 31, 2024
The defined benefit plan of the teachers' retirement system
				  (AS
				  14.25.009-14.25.220) shall use unisex tables
				  containing unisex early retirement factors, unisex indebtedness factors, and
				  unisex joint and survivor option factors in all appropriate
				  computations.
Authority:
AS
					 14.25.003