2010 Alaska Statutes
Title 39. PUBLIC OFFICERS AND EMPLOYEES
Chapter 39.35. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF ALASKA
Sec. 39.35.790. Vesting.
(a) A participating member is immediately and fully vested in that member's contributions and related earnings.
(b) A member shall be fully vested in the employer contributions made on that member's behalf, and related earnings, after five years of service. A member is partially vested in the employer contributions made on that member's behalf, and the related earnings, in the ratio of
(1) 25 percent with two years of service;
(2) 50 percent with three years of service; and
(3) 75 percent with four years of service.
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