reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.850 - Membership criteria for University of Alaska personnel

Current through May 31, 2024
(a)AS
				14.25.220(38) and this
				section govern the membership in the TRS of all University of Alaska
				personnel.
(b) The University of
				Alaska shall designate all current University of Alaska positions as PERS, TRS
				or nonapplicable. Any new position must be designated in the same manner. TRS
				members are those employees in positions not subject to formal job evaluations
				or classifications but which are required to be filled by persons having
				academic standing and accorded the rank of professor, assistant professor,
				associate professor or instructor, and whose salaries are dependent on their
				academic rank.
(c) Final approval
				of the designation of positions and the membership of employees shall be made
				by the administrator of the teachers' retirement system.
(d) An employee or former employee who, on
				November 30, 1984, occupies a position or occupied a position designated under
				(b) of this section for a retirement system different from the one currently
				assigned to the position, shall either:
(1)
				irrevocably elect to remain under that system; or
(2) elect to be placed retroactively in the
				retirement system designated for that position. The employee must make this
				election before January 1, 1986. Failure to make an election by that date
				results in the employee remaining in the retirement system that he or she is in
				on November 30, 1984, and he or she must continue to participate in that system
				until termination or transfer to another position.
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 6 - Miscellaneous Provisions Relating to the Defined Benefit Plan › 2 AAC 36.860 - Sabbatical leave for University of Alaska employees

Current through May 31, 2024
A teacher who is a member of the defined benefit plan of the
				  Teachers' Retirement System (AS
				  14.25.009-14.25.220) and who is on
				  sabbatical leave approved by the University of Alaska is entitled to receive
				  membership service credit under the plan for that period of time the member is
				  on approved sabbatical leave. Contributions must be made to the system based
				  upon the salary that the member would have earned during the school year the
				  member was on sabbatical leave had the member continued in full-time teaching
				  for that same school year for the same employer.
Authority:
AS
					 14.20.330
AS 14.25.003
AS
					 14.25.220
Alaska Administrative Code › Title 2 - Administration › Chapter 36 - Teachers' Retirement System › Article 10 - General Provisions › 2 AAC 36.990 - Definitions

Current through May 31, 2024
(a) In this chapter, unless the context
				otherwise requires "division" means the division of retirement and benefits in
				the Department of Administration.
(b) In
				AS
				14.25.006, "decision made by the
				administrator" means a decision in a matter over which the administrator has
				control, and does not include a decision made by an employer.
(c) In
				AS
				14.25.173(a), "change or
				error... in the records maintained by the system" means a correction or mistake
				made in the records as a result of the entry of incorrect information about a
				member into the records.
(d) In
				AS
				14.25.040, "membership" is further defined as
				the point when a member meets the definition in
				AS
				14.25.220(1).
(e) Repealed 7/20/2006.
(f) In
				AS
				14.25.470, "service" means membership service
				as defined in
				AS
				14.25.590.
(g) For purposes of
				AS
				14.25.130(e) and
				AS
				14.25.485(b), "recovers from
				the disability" means that the member becomes capable of performing the duties
				required of a teacher.
(h) For
				purposes of
				AS
				14.25.155,
				AS
				14.25.157,
				AS
				14.25.160,
				AS
				14.25.162, and
				AS
				14.25.164, the phrase "surviving spouse" or
				"member's spouse" means the legal spouse of the member at the time of the
				member's death.
(i) For purposes of
				AS
				14.25.130(3), "eligible for
				normal retirement" means
(1) for a member
				first joining the system before July 1, 1990, reaches age 55 with at least
				eight 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 earliest;
(2) for a member first joining the system on
				or after July 1, 1990, reaches age 60 with at least eight 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 earliest.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.010 - Voluntary retirement for incapacity

Current through May 31, 2024
(a) When an
				application for voluntary retirement for incapacity under
				AS
				22.25.010(c) is submitted to
				the governor by a justice or judge, the governor shall appoint a board of three
				persons to inquire into the circumstances. The board consists of disinterested
				persons as follows:
(1) a physician licensed
				to practice in the State of Alaska;
(2) a retired justice or judge, or if a
				retired justice or judge is unavailable to serve, a retired or active attorney
				licensed to practice in the State of Alaska; and
(3) a member of the public at
				large.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.015 - Bona fide termination of employment

Current through May 31, 2024
(a) For the purposes of this chapter, a bona
				fide termination of 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 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.020 - Prescribed rates of interest

Current through May 31, 2024
(a) The prescribed
				rate of interest to be credited to each member's account in the judicial
				retirement system is four and one-half percent. One-half of this prescribed
				rate shall be credited to each member's account semiannually on June 30 and
				December 31 of each year. The rate of interest is effective July 1,
				1981.
(b) The prescribed rate of
				interest that accrues on any indebtedness owed to the judicial retirement
				system (AS 22.25) is seven percent compounded semiannually on June 30 and
				December 31 of each year.
(c)
				Interest shall be charged on amounts owed to the judicial retirement system by
				a member, survivor, or beneficiary if the amount owed is the result of
				erroneous information supplied by the member, survivor or beneficiary, or if
				the member, survivor, or beneficiary had reasonable grounds to believe that the
				amount of the benefit was in error. Interest accrues from the date on which the
				correct payment was due and continues until an actuarial adjustment to the
				benefit is effective or the amount owed is paid.
(d) The prescribed rate of interest that
				accrues on an amount owed by the judicial retirement system to a member,
				survivor, or beneficiary of the system is seven percent compounded semiannually
				on June 30 and December 31 of each year. Interest accrues from the date on
				which the correct payment was due and continues until an actuarial adjustment
				to the benefit is effective or the amount owed is paid.
Authority:
AS
					 22.25.025
AS 22.25.027
AS
					 22.25.041
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.025 - Benefit adjustments

Current through May 31, 2024
(a) A benefit overpayment to a benefit
				recipient of the judicial retirement system 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
				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 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.027 - Qualified domestic relations orders (QDROs)

Current through May 31, 2024
(a) After a member
				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
				22.25 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 name survivors or beneficiaries
				to the alternate payee's portion of the member's benefit;
(3) 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 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.030 - Employer contributions

Current through May 31, 2024
The contributions of the court system must be transmitted to
				  the division of retirement and benefits on a monthly basis within thirty days
				  after the close of each payroll period for which the contributions are being
				  made.
Authority:
AS
					 22.25.025
AS 22.25.027
AS
					 22.25.046
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.033 - Court system to supply employment records

Current through May 31, 2024
(a) The
				court system shall transmit to the administrator records concerning a justice
				or judge's period of service, date of birth, compensation, entrance into
				service, death, withdrawal and other data necessary for the proper and
				effective operation of the system not later than 10 days of the date of
				occurrence or the first day of the payroll period occurring closest to the
				event, whichever is earlier.
(b)
				The administrator may perform an audit, review or assessment of the records of
				the court system to ensure compliance with the statutes and regulations of the
				public employees' retirement system and to confirm the accuracy of the
				information reported by the court system to the plan.
(c) An audit, review, or assessment of the
				court system records to determine the court system's compliance with the plan
				provisions shall include a desk audit, a field audit, or both.
(d) In conducting an audit, review or
				assessment of the records, the court system shall allow the administrator or
				administrator's designee access to original records documenting personnel
				hiring and employment practices.
(e) Following the audit, review or assessment
				of the court system records, the court system will be provided with written
				preliminary findings. The preliminary findings will identify inaccuracies and
				issues to be resolved to maintain compliance with plan provisions. Not later
				than 30 days of the date of the receipt of the preliminary findings the court
				system shall submit additional documentation for consideration or to respond to
				the preliminary findings.
(f) The
				final audit will include audit or review findings and will be provided to the
				court system not later than 60 days after consideration of any documentation or
				response submitted under (e) of this section.
(g) In this section, unless the context
				otherwise requires,
(1) "audit" means the
				process of obtaining competent evidentiary material about court system records
				through inspection, observation, inquiry, and confirmation sufficient to
				support a reasonable basis for determining the court system's compliance with
				the legal requirements of the judicial retirement system.
(2) "desk audit" means an audit of the court
				system's records conducted by the administrator or designee based upon an
				examination of the court system's records without an on-site visit to the
				location of the court system's business records;
(3) "field audit" means an audit of the court
				system's records conducted by the administrator or designee based upon an
				examination of the court system's records with an onsite visit to the location
				of the court system's business records.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.035 - Actuarial adjustment factor basis

Current through May 31, 2024
The basis of the assumptions for the reduced benefit
				  actuarial adjustment factors
(1) for
				an early retirement benefit, before July 1, 1981 is a factor that reduces the
				normal retirement amount by 0.5 percent per month for each month that the
				retirement precedes the normal retirement age;
(2) on or after July 1, 1981 but before
				August 1, 1983, is a unisex factor set using a 50 percent to 50 percent blend
				of male and female rates from the 1971 Group Annuity Mortality Table, table
				GA71U, with an annual interest rate of 6.25 percent;
(3) on or after August 1, 1983, is for an
				early retirement benefit, a unisex factor set using a 50 percent to 50 percent
				blend of male and female rates from the 1971 Group Annuity Mortality Table,
				table GA7IU, with an annual interest rate of 8.30 percent.
Authority:
AS
					 22.25.025
AS
					 22.25.027
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.040 - Normal retirement benefit nonforfeitable

Current through May 31, 2024
(a) For purposes of
				compliance with the Internal Revenue Code 401(a)(7), the normal retirement
				benefit calculated under
				AS
				22.25.010 and
				AS
				22.25.012, is nonforfeitable upon attainment
				of normal retirement age.
(b)
				Notwithstanding (a) of this section, a normal retirement benefit is subject to
				the applicable provisions of AS 22.25, including
				AS
				22.25.800.
(c) In the event of a full or partial
				termination of, or a complete discontinuance of employer contributions to the
				plan, the accrued benefits of the affected members under the plan are 100
				percent vested and nonforfeitable to the extent funded and required by federal
				law.
(d) This section may not be
				construed as a reduction or limitation of rights previously existing, or as an
				indication that vested benefits would be forfeitable before the stated age is
				attained.
(e) In this section,
				"normal retirement age" means age 60 with the completion of at least five years
				of service, whichever is later.
Authority:
AS
					 22.25.020
AS 22.25.025
AS 22.25.027
AS 14.25.800
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.090 - Leave without pay

Current through May 31, 2024
A period of leave without pay (LWOP) is not creditable
				  service in the judicial retirement system. Member and employer contributions
				  may not be made for a period of leave without pay.
Authority:
AS
					 22.25.025
AS
					 22.25.027
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 1 - Judicial Retirement System › 2 AAC 37.092 - Compliance with the Internal Revenue Code

Current through May 31, 2024
(a) Pursuant to
				AS
				22.25.025 and for purposes of compliance with
				the Internal Revenue Code of 1986, as amended, and applicable Treasury
				Regulations, the Judicial Retirement System under
				AS
				22.25.010 -
				AS
				22.25.900 hereby adopts by reference, as part
				of the governing Plan document, the
Retirement System IRS Compliance
				Policy
dated August 2015 as amended from time to time.
(b) When an amended version of the
Retirement System IRS Compliance Policy
is made available, the
				Division will, not later than 30 days after the effective date of the amended
				version, post on the Alaska Online Public Notice System and publish in a
				newspaper of general circulation or trade or industry publication a notice that
				describes the amended material and how a copy of the amended version may be
				obtained or reviewed. The division will also furnish the notice described in
				this sub-section to each person or group that has filed a request for notice of
				proposed action with the commissioner; and furnish a copy to each incumbent
				Alaska state legislator, the Legislative Affairs Agency, and to the regulations
				attorney in the Department of Law.
The Retirement System IRS Compliance Policy is posted on
					 the Division of Retirement and Benefits website at
http://doa.alaska.gov/drb
.
Authority:
AS
					 22.25.025
AS 22.25.027
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 2 - Elected Public Officers Retirement System › 2 AAC 37.100 - Reemployment of retired members of EPORS

Current through May 31, 2024
(a) If a retired
				member of EPORS returns to employment that is included in the definition of
				"creditable service" under AS 39.37.150, retirement payments will not be made
				during the time of reemployment. During the time of reemployment the member
				shall contribute to EPORS under AS 39.37.070.
(b) Upon retirement by a formerly retired
				member of EPORS who returned to EPORS employment, payment of the original EPORS
				retirement benefit will resume, effective the first day of the month following
				the termination of reemployment. The computation and amount of the original
				benefit will not be altered. The retiree is entitled to an additional and
				separate benefit based on the creditable service earned during the period of
				reemployment and the benefit formula as it exists at the time of termination
				under AS 39.37.050. The retiree is entitled to the salary option under AS
				39.37.050(a) for the new benefit only.
Authority:
AS 39.37.050
AS 39.37.090
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 2 - Elected Public Officers Retirement System › 2 AAC 37.110 - Prescribed interest rates

Current through May 31, 2024
(a) The prescribed
				rate of interest to be credited to each member's account in the elected public
				officers retirement system is four and one-half percent. One-half of this
				prescribed rate is credited to each member's account semiannually on June 30
				and December 31 of each year. This rate of interest is effective January 1,
				1976.
(b) The prescribed rate of
				interest that accrues on any indebtedness owed to the elected public officers
				retirement system (AS 39.37) is seven percent compounded semiannually on June
				30 and December 31 of each year.
(c) Interest shall be charged on amounts owed
				to the elected public officers retirement system by a member, survivor, or
				beneficiary if the amount owed is the result of erroneous information supplied
				by the member, survivor, or beneficiary, or if the member, survivor, or
				beneficiary had reasonable grounds to believe that the amount of the benefit
				was in error. Interest accrues from the date on which the correct payment was
				due and continues until an actuarial adjustment to the benefit is effective or
				the amount owed is paid.
(d) The
				prescribed rate of interest that accrues on an amount owed by the elected
				public officers retirement system to a member, survivor, or beneficiary of the
				system is seven percent compounded semiannually on June 30 and December 31 of
				each year. Interest accrues from the date on which the correct payment was due
				and continues until an actuarial adjustment to the benefit is effective or the
				amount owed is paid.
Authority:
AS 39.37.090
AS 39.37.120
AS 39.37.140
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 2 - Elected Public Officers Retirement System › 2 AAC 37.120 - Benefit adjustments

Current through May 31, 2024
(a) A benefit overpayment to an EPORS benefit
				recipient 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 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 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.125 - Regulations

Current through May 31, 2024
Adoption, amendment, or repeal of a regulation will be
				  accomplished in accordance with AS 39.35.042.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.127 - Appeals

Current through May 31, 2024
Appeals to the Public Employees Retirement Board under
				  AS
				  39.30.155 are governed by the procedures set
				  out in public employees' retirement system regulations,
				  2 AAC 35.080 and
				  2 AAC 35.100 -
				  2 AAC 35.180.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.130 - Participation in the supplemental benefits system

Current through May 31, 2024
An employee for whom social security contributions (FICA)
				  would have been withheld during the year by the employer if the employer had
				  been participating in the social security system is an eligible employee and
				  must participate in the supplemental annuity plan. Employees who participate in
				  the supplemental annuity plan may participate in the supplemental benefit
				  plan.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.135 - Benefit selection

Current through May 31, 2024
(a) An eligible employee may select benefit
				options under
				AS
				39.30.160 during the election periods
				allowed.
(b) An open enrollment
				will be held once a year during a period and in a manner prescribed by the
				administrator. During this open enrollment period eligible employees may add,
				change, or delete benefit options for the next benefit year.
(c) A new employee or rehired employee has at
				least 60 days following the date of employment to select benefit options. A
				rehired employee who was previously enrolled in a benefit year may not select
				benefit options for the remainder of that benefit year.
(d) Changes in benefits may be allowed when
				one of the following events occurs:
(1)
				marriage;
(2) death of a spouse;
(3) divorce;
(4) birth or adoption of a child;
(5) death of a child;
(6) termination or commencement of employment
				of a spouse or commencement of an unpaid leave of absence by a spouse;
(7) change from short-term
				non-permanent to long-term non-permanent or permanent employment status, or
				vice versa, by an employee or the employee's spouse;
(8) change from permanent part-time to
				permanent full-time, or vice versa, by an employee or the employee's spouse, if
				there is an accompanying change in the underlying major medical coverage;
(9) significant change in the
				health coverage of the employee or the employee's spouse attributable to the
				spouse's employment. Changes must be made within 60 days after the qualifying
				event or within 30 days after the return to work if the change occurred during
				a period of nonpay status.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.137 - Benefit coverage

Current through May 31, 2024
(a) An eligible employee who selects any
				benefit option under
				AS
				39.30.160 will be enrolled on the later date
				of
(1) the first day of the month after 30
				days have elapsed since the date of employment;
(2) the first day of the month after a month
				in which the supplemental benefits system receives a valid benefit election by
				the 15th of the month;
(3) the
				first day of the next benefit year if the benefit election is for the next
				benefit year.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.140 - Administrative matters

Current through May 31, 2024
(a) Administrative fees for the supplemental
				benefits system programs will be deducted from contributions made to the
				individual employee annuity accounts. The form and amount of administrative
				fees will be determined by the administrator in a manner that matches annual
				administrative fees to appropriations and that draws from each account
				equitably.
(b) Elections, claims,
				and designations must be filed on forms and at the location prescribed by the
				administrator. An employee's election, claim, or designation is not effective
				before the date received at the prescribed location. At the discretion of the
				administrator, any information provided must be substantiated.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.143 - Receipt of documents

Current through May 31, 2024
If the supplemental benefits system has no record of receipt
				  of an application, election, or claim, the application, election, or claim is
				  ineffective unless the member shows reasonable proof that the form was
				  transmitted to the division. Reasonable proof includes written demonstration of
				  receipt, such as a certified mail receipt or a stamped receipt from the
				  division.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.150 - Base pay for supplemental disability insurance

Current through May 31, 2024
(a) The amount of
				the base pay for calculating supplemental disability insurance must be provided
				by the participating employer or, in the case of a state employee, it is the
				amount reflected on the personnel action on the first day of January following
				the close of the open enrollment period. If an employee is hired after January
				1, the base pay is the entrance salary of the new employee.
(b) The amount of the base pay for an hourly
				employee is the amount provided by the participating employer or, in the case
				of a state employee, it is an amount determined by the administrator, based on
				information reflected on the employee's personnel action on the first day of
				January following the close of the open enrollment period. It excludes bonuses,
				overtime, and other such compensation. If an employee is hired after January 1,
				the base pay will be determined by the administrator, based on information
				reflected on the new employee's personnel action. The base pay of a participant
				is subject to verification and adjustment by the administrator.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.155 - Plan documents

Current through May 31, 2024
The supplemental benefits system will operate in accordance
				  with the supplemental annuity plan and the supplemental benefit plan. Conflicts
				  between the operation of the supplemental benefits system under any documents
				  other than the plan documents and operation of the system under the plan
				  documents will be resolved in accordance with the requirements of the plan
				  documents.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.160 - Payments to beneficiaries

Current through May 31, 2024
Upon the death of a participant, payment to beneficiaries
				  will be made in accordance with the most recent beneficiary designation on file
				  with the supplemental benefits system. If a valid beneficiary designation is
				  not on file for any form of death benefit, payment for any such death benefit
				  will be made as provided in article VI of the supplemental annuity plan. A
				  payment to a beneficiary who is a minor is subject to
				  AS
				  13.26.015.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.165 - Active work; effective dates of insurance

Current through May 31, 2024
The effective date of coverage for an insured individual is
				  the first day of the month for which the premium is paid by the employer.
				  However, an employee who is both disabled and away from work on the date the
				  insurance is to become effective will not be insured until the first day of the
				  month following the day the employee actually returns to active work for a
				  participant employer on a full-time basis or, in the case of a part-time
				  employee, for at least as many hours as the employee formerly
				  worked.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.171 - Investment income (Repealed)

Current through May 31, 2024
Effective 11/16/90, Register 118, the substance of the
					 repealed 2 AAC 37.171 is contained in
					 2 AAC 37.180.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.172 - Adoption of unisex tables

Current through May 31, 2024
The supplemental benefits system will use tables containing
				  unisex annuity factors and unisex insurance factors in all appropriate
				  computations.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.173 - Small annuity balances (Repealed)

Current through May 31, 2024
Effective 11/16/90, Register 118, the substance of the
					 repealed 2 AAC 37.173 is contained in
					 2 AAC 37.180.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.177 - Release of information

Current through May 31, 2024
The administrator will release information regarding personal
				  or financial data on employees or former employees in accordance with policies
				  promulgated by the administrator. The administrator will release information on
				  an employee or former employee to that individual, to the individual's employer
				  or former employer, and to state agencies authorized to secure that
				  information, but will release the information to any other person only:
(1) upon receipt of written authorization for
				release from the affected employee or former employee;
(2) when the person has a subpoena or other
				court order to secure the information; or
(3) when the person establishes a public
				purpose for release of the information that outweighs the employee's or former
				employee's privacy interest in the information.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.185 - Employment with more than one employer

Current through May 31, 2024
The supplemental benefits system will maintain separate
				  employee benefit accounts for the employees of each participating employer. If
				  an employee who is employed by more than one participating employer terminates
				  employment with a participating employer, that employee will be considered
				  terminated for purposes of administering his or her individual account with
				  that employer, notwithstanding the fact that employment continues with another
				  participating employer.
Authority:
AS
					 39.30.155
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 3 - Supplemental Benefits System › 2 AAC 37.187 - Compliance with the Internal Revenue Code

Current through May 31, 2024
(a) For purposes of
				compliance with the Internal Revenue Code of 1986, as amended, and applicable
				Treasury Regulations, the Supplemental Annuity Plan under
				AS
				39.30.150 -
				AS
				39.30.180 hereby adopts by reference, as part
				of the Plan, the
Retirement System IRS Compliance Policy
dated
				August 2015 as amended from time to time.
(b) When an amended version of the
Retirement System IRS Compliance Policy
is made available, the
				Division will, not later than 30 days after the effective date of the amended
				version, post on the Alaska Online Public Notice System and publish in a
				newspaper of general circulation or trade or industry publication a notice that
				describes the amended material and how a copy of the amended version may be
				obtained or reviewed. The division will also furnish the notice described in
				this subsection to each person or group that has filed a request for notice of
				proposed action with the commissioner and furnish a copy to each incumbent
				Alaska state legislator, the Legislative Affairs Agency, and to the regulations
				attorney in the Department of Law.
The Retirement System IRS Compliance Policy is posted on
					 the Division of Retirement and Benefits website at
http://doa.alaska.gov/drb
.
Authority:
AS
					 14.25.003
AS
					 14.25.004
AS
					 39.30.151
AS
					 39.30.154
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.210 - Receipt of documents

Current through May 31, 2024
If the administrator has no record of receipt of an
				  application for enrollment in the plan, a request for change (such as change of
				  address, beneficiaries, type of investments and dollar amount of investments),
				  selection of deferral date, or selection of form of payment and benefit
				  commencement date, the enrollment, change, deferral, or form of payment and
				  benefit commencement date is ineffective unless the member shows reasonable
				  proof that the applicable form was transmitted to the plan office within the
				  plan document's prescribed filing deadline. Reasonable proof includes written
				  demonstration of receipt, such as a stamped receipt from the plan office or a
				  certified mail receipt.
Authority:
AS
					 39.45.025
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.220 - Benefit commencement date

Current through May 31, 2024
(a) The benefit commencement date under the
				plan is the 60th day following termination of employment unless the participant
				elects to defer commencement of benefits. A participant's election to defer
				commencement of benefits must be made on a form prescribed by the administrator
				and must be filed with the plan office within 60 days after the participant
				terminates employment. Benefits will be authorized for payment on the benefit
				commencement date unless a notice of deferral is received.
(b) The filing date of an election to defer
				commencement of benefits is the day the election form is received by the plan
				office or, if mailed, the day the form is postmarked.
Authority:
AS
					 39.45.025
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.225 - Postmark

Current through May 31, 2024
If a postmark is illegible or undated, the postmark day is
				  rebuttably presumed to be five working days before receipt by the plan
				  office.
Authority:
AS
					 39.45.025
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.240 - Compliance with the Internal Revenue Code

Current through May 31, 2024
(a) Pursuant to
				AS
				39.45.050 and for purposes of compliance with
				the Internal Revenue Code of 1986, as amended, and applicable Treasury
				Regulations, the Public Employees' Deferred Compensation Program under
				AS
				39.45.010 -
				39.45.060 adopts by reference, as
				part of the governing Plan document, the
Retirement System IRS
				Compliance Policy
dated August 2015, as amended from time to
				time.
(b) When an amended version of
				the
Retirement System IRS Compliance Policy
is made available,
				the Division will, not later than 30 days after the effective date of the
				amended version, post on the Alaska Online Public Notice System and publish in
				a newspaper of general circulation or trade or industry publication a notice
				that describes the amended material and how a copy of the amended version may
				be obtained or reviewed. The division will also funish the notice described in
				this subsection to each person or group that has filed a request for notice of
				proposed action with the commissioner and furnish a copy to each incumbent
				Alaska state legislator, the Legislative Affairs Agency, and to the regulations
				attorney in the Department of Law.
The Retirement System IRS Compliance Policy is posted on
					 the Division of Retirement and Benefits website at
http://doa.alaska.gov/drb
.
Authority:
AS
					 39.45.020
AS
					 39.45.050
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.250 - Release of information

Current through May 31, 2024
The administrator will release information regarding personal
				  or financial data on a participant or former participant, in accordance with
				  policies adopted by the administrator, to that individual, to the individual's
				  employer or former employer, and to state agencies authorized to secure that
				  information. The administrator will release the information to any other person
				  only
(1) upon receipt of written
				authorization for release from the affected participant or former
				participant;
(2) if the person has
				a subpoena or court order to secure the information; or
(3) if the person establishes a public
				purpose for release of the information that outweighs the participant's or
				former participant's privacy interest in the information.
Authority:
AS
					 39.45.025
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 4 - Deferred Compensation Plan › 2 AAC 37.255 - Definitions for 2 AAC 37.200 - 2 AAC 37.255

Current through May 31, 2024
(a) In
				2 AAC 37.200 -
				2 AAC 37.255, unless the context requires otherwise,
(1) "plan" means the State of Alaska Deferred
				Compensation Plan provided for under the Public Employees' Deferred
				Compensation Program in AS 39.45;
(2) "postmark" means the official
				cancellation stamp, used by the United States Post Office, which records the
				date and place of mailing.
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 5 - National Guard/Naval Militia Retirement System › 2 AAC 37.260 - Prescribed rates of interest

Current through May 31, 2024
(a) The prescribed
				rate of interest that accrues on an indebtedness owed to the national
				guard/naval militia retirement system (AS 26.05) is seven percent compounded
				semiannually on June 30 and December 31 of each year.
(b) Interest shall be charged on amounts owed
				to the national guard/naval militia retirement system by a member, survivor, or
				beneficiary if the amount owed is the result of erroneous information supplied
				by the member, survivor, or beneficiary, or if the member, survivor, or
				beneficiary had reasonable grounds to believe that the amount of the benefit
				was in error. Interest accrues from the date on which the correct payment was
				due and continues until an actuarial adjustment to the benefit is effective or
				the amount owed is paid.
(c) The
				prescribed rate of interest that accrues on an amount owed by the national
				guard/naval militia retirement system to a member, survivor, or beneficiary of
				the system is seven percent compounded semiannually on June 30 and December 31
				of each year. Interest accrues from the date on which the correct payment was
				due and continues until an actuarial adjustment to the benefit is effective or
				the amount owed is paid.
Authority:
AS
					 26.05.222
Alaska Administrative Code › Title 2 - Administration › Chapter 37 - Judicial, Elected Public Officers, and National Guard/Naval Militia Retirement Systems and Employee Benefit Systems › Article 5 - National Guard/Naval Militia Retirement System › 2 AAC 37.270 - Benefit adjustments

Current through May 31, 2024
(a) A benefit overpayment to a benefit
				recipient of the national guard/naval militia retirement system 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 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.