Opinion ID: 1373031
Heading Depth: 3
Heading Rank: 2

Heading: Enhanced Post-Judgment Interest

Text: Since Sheehan's recovery exceeded one of the offers of judgment which he made, the superior court awarded Sheehan post-judgment interest at the enhanced rate of 15.5% per annum from June 18, 1990 until the judgment is paid in full. PWC contends that AS 09.30.065 only enhances the interest rate up to the date the judgment is entered and thus does not apply to post-judgment interest. AS 09.30.065 provides in part: If the judgment finally entered on this claim as to which an offer has been made under this section is not more favorable to the offeree than the offer, the interest awarded under AS 09.30.070 and accrued up to the date judgment is entered shall be adjusted as follows... . AS 09.30.065 (emphasis added). We agree with PWC that the unambiguous phrase accrued up to the date judgment is entered limits any interest enhancement to prejudgment interest. Accordingly the superior court's award of enhanced post-judgment interest is reversed.