(a) A joint-contributory retirement plan for teachers of the state is created.
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 14.25.010

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) The retirement plan established by Alaska Stat. § 14.25.009 – 14.25.220 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, for the employees of school districts and regional educational attendance areas in the state, and for the employees of other employers whose participation is authorized by Alaska Stat. § 14.25.009 – 14.25.220 and who participate in this plan.
(c) An amendment to Alaska Stat. § 14.25.009 – 14.25.220 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.
  Previous section
Next section  
 Article 2 Contents