Alaska Statutes 14.25.085 – Additional state contributions
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Terms Used In Alaska Statutes 14.25.085
- board: means the state Board of Education and Early Development. See Alaska Statutes 14.60.010
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
In addition to the contributions that the state is required to make under Alaska Stat. § 14.25.070 as an employer, the state shall contribute to the plan each July 1 or, if funds are not available on July 1, as soon after July 1 as funds become available, an amount for the ensuing fiscal year that, when combined with the total employer contributions that the administrator estimates will be allocated under Alaska Stat. § 14.25.070(c), is sufficient to pay the plan’s past service liability at the contribution rate adopted by the board under Alaska Stat. § 37.10.220 for that fiscal year.