Alaska Administrative Code
Title 2 - Administration
Chapter 35 - Public Employees' Retirement System
Article 4 - Service under the Defined Benefit Plan (AS 39.35.095 - 39.35.680)
2 AAC 35.330 - Calculation of creditable service
Current through February 27, 2024
(a) Service credit for permanent full-time employees is granted on the basis of one calendar day of service for each day in pay status. Regularly scheduled days off and holidays are allowed as credited service, provided that the employee was held in pay status on the regularly scheduled workdays immediately preceding and following the holiday or regularly scheduled days off.
(b) Service credit for permanent part-time employees is calculated as provided in law. In no case may a permanent part-time employee earn service credit in excess of that which may be earned by a permanent full-time employee.
Effective 7/20/2006, Register 179, the Department of Administration readopted 2 AAC 35.330, without change, to affirm the validity of that section following statutory amendments made in ch. 9, FSSLA 2005. Chapter 9, FSSLA 2005 eliminated the Public Employees' Retirement Board, and largely transferred the board's authority to adopt regulations in 2 AAC 35 to the commissioner of administration.
Authority:AS 39.35.003
AS 39.35.300
AS 39.35.680
