- Alaska Statutes.
- Title 39. Public Officers and Employees
- Chapter 35. Public Employees' Retirement System of Alaska
- Section 150. Re-Employment of Retired Employees.
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. Army and Air National Guard Employees.
AS 39.35.150. Re-Employment of Retired Employees.
- (a) If a retired employee subsequently becomes an active member, benefit payments may not be made during the period of
re-employment unless the member makes an election under (b) of this section. During the period of re-employment,
deductions from the employee's salary shall be made in accordance with AS 39.35.160
. Upon subsequent retirement, the retired employee is entitled to receive an additional pension based on the credited
service and the average monthly compensation earned during the period of re-employment in accordance with AS 39.35.370
- (b) A member who retired under AS 39.35.370
(a) and subsequently becomes an active member may, within 30 days of the date of reemployment, elect to continue
receiving benefit payments during the period of reemployment by filing an election with the administrator on a form
provided by the administrator. An election under this subsection waives coverage for the period of reemployment and is
irrevocable during the period of reemployment. The period of reemployment is considered to end when this subsection is repealed or the
person stops working, whichever occurs first. A member hired to work as a full-time employee who makes the election to continue to
receive benefit payments may not receive retirement medical benefits during reemployment but, instead, shall be covered under the
medical coverage provided by the employer to active employees. A member hired to work as a less than full-time employee who makes the
election to continue to receive benefit payments may continue to receive retirement medical benefits. During the period of reemployment,
deductions from the member's salary may not be made under AS 39.35.160 and the member may not receive credited service. A member who
participated in a retirement incentive program under ch. 26, SLA 1986; ch. 89, SLA 1989; ch. 65, SLA 1996; ch. 4, FSSLA 1996; or ch. 92,
SLA 1997, is not eligible to make an election under this subsection unless the member is reemployed as a commissioner.
- (c) A member who has not made an election under (b) of this section is subject to AS 39.35.120
- (d) If the initial benefit payments to which the retired member is eligible have been reduced because the member retired
early under AS 39.35.370(b) or increased because the
member elected to receive a level income option benefit under former AS 39.35.460
, the member shall also receive an incremental benefit based on the amount of the reduction imposed by AS 39.35.370
(b) or the increase under former AS 39.35.460
on the first benefit and the length of time that the employee was reemployed and not receiving retirement benefits.
The amount of the incremental benefit is equal to the difference between the normal retirement benefit to which the
member would have been entitled had the member taken a normal retirement and the early retirement benefit or benefit
under the level income option that the member has been receiving based on the member's initial period of employment
multiplied by the total number of months that the member did not receive retirement benefits because of reemployment
and that amount actuarially adjusted to be paid over the expected lifetime of the member. In the case of a member who
selected benefits under the level income option, the total number of months may not include any month in which the
member was 65 years of age or older.
- (e) A member who retired under AS 39.35.370
(a) and participated in a retirement incentive program under ch. 26, SLA 1986; ch. 89, SLA 1989; ch. 65, SLA 1996; ch.
4, FSSLA 1996; or ch. 92, SLA 1997, who is subsequently reemployed as a commissioner may become an active member
without losing the incentive credit provided under the applicable retirement incentive plan and is not subject to any
related reemployment indebtedness.
- (f) Notwithstanding (b) of this section, a member employed by a political subdivision or a public organization
may not make the election provided in (b) of this section unless the member's employer has adopted a policy that permits the employment
of retired employees in accordance with (g) of this section. The administrator shall accept the election of a member subject to this
subsection if the governing body or the person with hiring authority for the political subdivision or public organization certifies
that the appointment to the position being filled by the retired member was the result of the competitive hiring process required under
(g) of this section.
- (g) In accordance with this section, a political subdivision or a public organization that has or anticipates
having a shortage of employees qualified for particular job classes may, by resolution, adopt a policy that permits the employment of
employees who retired under AS 39.35.370 (a), who have been separated from employment for at least 30
days, and who are qualified for particular job classes. The policy adopted by resolution must describe the circumstances that constitute
the shortage. The policy must require recruitment procedures similar to the procedure described in (h) of this section for any position
filled by a retired employee under (f) of this section. If a shortage of qualified employees exists as described in the policy, the
political subdivision or the public organization shall notify the administrator that it is hiring retired members under (f) of this
section and shall provide a copy of the resolution and policy adopted by the resolution to the administrator of the public employees'
retirement system (AS 39.35).
- (h) Notwithstanding (b) of this section, an employer in the executive branch of state government may not allow a
member hired to fill a position that requires recruitment to make the election provided in (b) of this section unless
- (1) the employer conducted an initial recruitment for at least 15 days for the position to be filled by the
member making an election under (b) of this section that resulted in fewer than five qualified, eligible, and available applicants,
including the retired member; and
- (2) the employer then conducted an additional recruitment and the additional recruitment resulted in fewer than
five qualified, eligible, and available applicants, including the retired member; this additional recruitment period added to the
initial recruitment period must be at least 30 days total.
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