- Alaska Statutes.
- Title 39. Public Officers and Employees
- Chapter 35. Public Employees' Retirement System of Alaska
- Section 480. Cost-of-Living Allowance.
previous: Section 475
. Post-Retirement Pension Adjustment.
next: Section 485
. Minimum Benefit.
AS 39.35.480. Cost-of-Living Allowance.
- (a) While residing in the state, a person receiving a benefit under AS 39.35.095 - 39.35.680 who is 65 years of age or older or who is
receiving a disability benefit is entitled to receive a monthly cost-of-living allowance in addition to the basic
benefit. The amount of this allowance shall be $50 or 10 percent of the basic benefit, whichever is greater.
- (b) A person receiving a cost-of-living allowance under this section shall notify the administrator when the person
expects to be absent from the state for a continuous period that exceeds 90 days. After that notification, the person
is no longer entitled to receive the monthly cost-of-living allowance, except that a person may be absent from the
state for not more than six months without loss of the cost-of-living allowance if the absence is the result of illness
and required by order of a licensed physician. Upon returning to the state, and upon notification to the
administrator, the person is again entitled to receive the monthly cost-of-living allowance, commencing with the first
monthly benefit payment made after notification of the person's return.
- (c) While residing in the state, a public employee of the Territory of Alaska who participated in the Public Employees'
Retirement Act established by ch. 41 SLA 1949, and who retired before June 22, 1951, is entitled to the cost-of-living
allowance equal to 25 percent of the amount received under ch. 41 SLA 1949.
- (d) For purposes of this section, "residing in the state" means domiciled and physically present in the state. A person's
status as "residing in the state" does not change if the person is absent from the state for a continuous period of
- (1) 90 days or less;
- (2) six months or less, when ordered by a physician to be absent from the state; or
- (3) any length of time while the person is a member of a reserve or auxiliary component of the armed forces of the United
States, including the organized militia of Alaska, consisting of the Alaska National Guard, the Alaska Naval Militia,
and the Alaska State Defense Force, and is called to active duty by the appropriate state or federal authority.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.