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Title 2 . Administration
Chapter 35 . Public Information
Section 293. Reaches normal retirement age

2 AAC 35.293. Reaches normal retirement age

(a) In AS 39.35.400 (b), "reaches normal retirement age" means

(1) for a member first joining the system before July 1, 1986, reaches age 55 with 5 years of credited service for which no indebtedness is due; and

(2) for a member first joining the system on or after July 1, 1986, reaches age 60 with 5 years of credited service for which no indebtedness is due.

(b) In AS 39.35.410 (b), "reaches normal retirement age" means

(1) for a member first joining the system before July 1, 1986, reaches age 55 with 5 years of credited service for which no indebtedness is due or accrues sufficient paid-up credited service, including credited service accrued as a result of the occupational disability, to entitle the member to retire under AS 39.35.370 (a)(2) or (3), whichever occurs earlier; and

(2) for a member first joining the system on or after July 1, 1986, reaches age 60 with 5 years of credited service for which no indebtedness is due or accrues sufficient paid-up credited service, including credited service accrued as a result of the occupational disability, to entitle the member to retire under AS 39.35.370 (a)(2) or (3), whichever occurs earlier.

History: Eff. 1/7/2001, Register 159

Authority: AS 39.35.040

AS 39.35.042

AS 39.35.410

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Last modified 7/05/2006