Alaska § 39.35.115 - Defined benefit retirement plan.
Full text of Alaska Alaska Statutes § 39.35.115 — Defined benefit retirement plan., with citation guidance and answers to common questions.
§ 39.35.115. Defined benefit retirement plan.
(a) A defined benefit retirement plan for employees of the state, political subdivisions, and public organizations is created. The plan becomes effective January 1, 1961, at which time contributions by the employers and members begin.
(b) The retirement plan established by AS 39.35.095 — 39.35.680 is intended to qualify under 26 U.S.C. 401(a) and 414(d) (Internal Revenue Code) as a qualified retirement plan established and maintained by the state for its employees and for the employees of political subdivisions, public corporations, and public organizations of the state, and for the employees of other employers whose participation is authorized by AS 39.35.095 — 39.35.680 and who participate in this plan.
(c) An amendment to AS 39.35.095 — 39.35.680 does not provide a person with a vested right to a benefit if the Internal Revenue Service determines that the amendment will result in disqualification of the plan under the Internal Revenue Code.
(d) The retirement plan established by AS 39.35.095 — 39.35.680 is a joint contributory plan.
(e) If, upon termination of the plan, all liabilities are satisfied, any excess assets shall be deposited in the general fund, subject to the approval of the termination by the Internal Revenue Service.
Article 3. Membership.
Frequently Asked Questions About Alaska § 39.35.115
What does Alaska Statutes § 39.35.115 cover?
Section 39.35.115 ("Defined benefit retirement plan.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 39.35.115?
A common citation format is "Alaska Statutes § 39.35.115" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 39.35.115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.