Statutes, codes, and regulations
Alaska Administrative Code
Title 2 - AdministrationChapter 35 - Public Employees' Retirement System
Article 3 - Benefits under the Defined Benefit Plan (AS 39.35.095 - 39.35.680)
Section 2 AAC 35.285 - Actuarial cost of public service benefit

2 Alaska Admin. Code § 35.285

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Current through September 25, 2024
Section 2 AAC 35.285 - Actuarial cost of public service benefit

For the purpose of calculating the actuarial cost of a public service benefit, interest earned on contributions and indebtedness payments means total investment returns as reported by the plan's financial statements in each relevant annual financial report of the system.

2 AAC 35.285

Eff. 1/7/2001, Register 159; readopt 7/20/2006, Register 179

Effective 7/20/2006, the Register 179, Department of Administration readopted 2 AAC 35.285, 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 39.35.375