Defined benefit retirement plan. — Alaska Code § 39.35.115
Alaska Code § 39.35.115 — Defined benefit retirement plan.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 39.35.115
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Defined benefit retirement plan.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Alaska attorney.
Common questions
What is the source of Alaska Statutes § 39.35.115?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 39.35.115 address?
It addresses "Defined benefit retirement plan.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Alaska Statutes § 39.35.115 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alaska source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Alaska law to your facts requires a licensed Alaska attorney who can review the specifics.