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(a) A retired member who is otherwise eligible to make an election to waive coverage under AS 14.25.043 (b) must have been terminated from TRS employment for a minimum of 30 calendar days in order to exercise the waiver option.
(b) If a retired member returns to employment with an employer, it is the responsibility of the member to file an election under AS 14.25.043 (b) with the administrator within 30 calendar days after reemployment in order to continue receiving benefit payments during the period of reemployment.
(c) The 30-day election period in (b) of this section is determined from the member's reemployment date to the date of election.
(d) The date of postmark of the election or the actual date of receipt of the election by the administrator, whichever is earlier, is the date of election.
(e) If a mailed election has an illegible postmark or an undated postmark, the postmark date is rebuttably presumed to be five working days before the day the election is received by the administrator.
(f) Failure to make timely election as provided in (a) - (e) of this section will result in the member being subject to AS 14.25.043 (a) and 14.25.050.
(g) Once the administrator receives an election, the election is irrevocable for the period of reemployment.
History: Eff. 7/5/2001, Register 167
Authority: AS 14.25.022
Editor's note: Although 2 AAC 36.237 took effect 7/5/2001 by emergency order, and was made permanent on 10/29/2001, it did not appear in print in the Alaska Administrative Code until Register 167.
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Last modified 7/05/2006