Alaska Statutes 47.45.080 – Accrual of bonuses
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 47.45.080
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A recipient may not for any reason, receive an accrual of bonuses in excess of two monthly payments. Interest may not be paid on accrued bonuses. Upon the death of a recipient the commissioner of health shall pay to the beneficiary of the recipient any accrued bonuses not to exceed two monthly payments.