2 Alaska Admin. Code § 35.260
To be eligible for retirement benefits under AS 39.35.370(a)(1) and (b), nonoccupational disability benefits under AS 39.35.400(a) and nonoccupational death benefits under AS 39.35.420(b), an employee must have at least five years of credited service for which no indebtedness is owed at the time of retirement, disability, or death. An employee retiring under AS 39.35.370(a)(2) or (3) must have 20 years of credited service and 30 years of credited service, respectively, for which no indebtedness is owed at the time of retirement, unless the employee claims credited service as a peace officer under AS 39.35.370(g) or (h). To be eligible for retirement benefits under AS 39.35.385(f), an employee must have at least 60 days of credited service in each of five legislative sessions for which no indebtedness exists at the time of retirement.
2 AAC 35.260
Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 35.260, without change, to affirm the validity of that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter 9, FSSLA 2005 eliminated the Public Employees' Retirement Board, and largely transferred the board's authority to adopt regulations in 2 AAC 35 to the commissioner of administration.
Authority:AS 39.35.003
AS 39.35.370
AS 39.35.385
AS 39.35.400
AS 39.35.420