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Title 2 . Administration
Chapter 35 . Public Information
Section 315. Level income option

2 AAC 35.315. Level income option

A retirement benefit adjustment at age 65 for a member who has selected the level income option applies to post-retirement pension adjustments (PRPA) and the Alaska cost-of-living allowance (COLA). Except as provided in 2 AAC 35.320, the COLA percentage and the percentage of PRPAs accrued at the time of the adjustment are applied to the after age 65 base retirement benefit to determine the adjusted COLA and PRPA amounts.

History: Eff. 2/23/2001, Register 159

Authority: AS 39.35.040

AS 39.35.042

AS 39.35.460

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Last modified 7/05/2006