Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 2 . Administration
Chapter 37 . Public Information
Section 180. Annuity plan operations

2 AAC 37.180. Annuity plan operations

(a) The administrator shall establish the supplemental annuity trust fund as a separate trust fund of the supplemental benefits system. The assets of the individual employee annuity accounts must be deposited and held in the fund for the exclusive benefit of the participating employees or their beneficiaries.

(b) The Alaska Retirement Management Board will adopt a written statement of goals and objectives for the supplemental annuity trust fund. The statement will include specific investment performance objectives and the time period over which they are to be realized. The statement will be reviewed and modified as necessary, and at least annually.

(c) The administrator shall contract with an independent firm of certified public accountants to conduct an annual audit of the system, its accounts, and the supplemental annuity trust fund.

(d) If contributions are posted to an individual's annuity account after the commencement date of an annuity benefit and if the contributions do not result from the individual's employment subsequent to the commencement date, the administrator shall refund the contributions to the individual in a lump sum.

(e) Investment income will be posted monthly to the individual annuity accounts. Investment income will continue to be posted to the expected date of initiation of payment.

(f) The supplemental benefits system will not initiate payment on an individual annuity account balance of less than $5.

History: In effect before 11/7/85, Register 99; am 11/16/90, Register 118; am 5/3/91, Register 118; em am 5/3/91 - 10/28/91, Register 118

Authority: AS 39.30.155

AS 39.30.160

Editor's note: As of Register 175 (October 2005), changes were made to 2 AAC 37.180 by the regulations attorney to recognize the establishment of the Alaska Retirement Management Board to replace the Alaska State Pension Investment Board, the Alaska Teachers' Retirement Board, and the Public Employees' Retirement Board. The changes were made by the regulations attorney in accordance with ch. 9, FSSLA 2005 and AS 44.62.125 (b)(6).


Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006