There is a newer version of the Alaska Statutes
2010 Alaska Statutes
Title 39. PUBLIC OFFICERS AND EMPLOYEES
Chapter 39.30. INSURANCE AND SUPPLEMENTAL EMPLOYEE BENEFITS
Sec. 39.30.430. Exclusive benefit.
AK Stat § 39.30.430 (through 26th Leg Sess 2010) What's This?
(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.
(b) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.
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