Section 2 AAC 36.230 - Eligibility for benefits(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.In effect before 10/21/83, Register 93; readopt 7/20/2006, Register 179Effective 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