GroundRules
AS 39.35.790: Vesting.
Where this section sits in the code
- Title 39. Public Officers and Employees.
- Chapter 35. Public Employees' Retirement System of Alaska.
- Article 10. Employees First Hired on or after July 1, 2006.
(a) A participating member is immediately and fully vested in that member's contributions and related earnings.
(b) A member shall be fully vested in the employer contributions made on that member's behalf, and related earnings, after five years of service. A member is partially vested in the employer contributions made on that member's behalf, and the related earnings, in the ratio of
(1) 25 percent with two years of service;
(2) 50 percent with three years of service; and
(3) 75 percent with four years of service.
Collected 2026-09-02T06:19:06Z. Source file · JSON