(a) This section applies to a member's
obligations under
AS
14.25.055 (supplemental contributions) and
entitlements under
AS
14.25.162 (survivor's allowance) and
AS
14.25.164 (spouse's pension).
(b) A member who elects to make a
supplemental contribution under
AS
14.25.055 shall continue that contribution
until the member executes a waiver in the form prescribed by the administrator,
the member is appointed to retirement, or the member terminates employment with
an employer. Execution of a waiver of supplemental contribution forfeits all
previously accrued entitlements under
AS
14.25.162 and
AS
14.25.164.
(c) While a member is appointed to disability
under AS
14.25.130, supplemental contributions under
AS
14.25.055 are suspended, but coverage under
AS
14.25.162 and
AS
14.25.164 continues.
(d) If a retired member who elected to make
supplemental contributions under
AS
14.25.055 returns to employment with an
employer, supplemental contributions are required if the member wishes
additional coverage under
AS
14.25.162 and
AS
14.25.164 for the period of reemployment. If
the member does not desire to make supplemental contributions, then the member
shall execute a waiver and file it with the administrator. Execution of a
waiver does not forfeit the member's entitlements earned during the period of
prior employment once the member is reappointed to retirement. If a member,
before retirement, did not qualify for a supplemental benefit, and does not
execute a waiver during a period of reemployment, and then accrues enough
service during reemployment, such that, when added to all previous service
coverage by supplemental contributions, the member has enough time to qualify
for supplemental benefits, then the supplemental benefit is payable and covers
all periods of employment.
(e) As
used in AS 14.25.055"entry into
participation in the system" means initial membership under the teachers'
retirement system or reemployment with an employer. There must be a 12-month
break in membership coverage under the teachers' retirement system before a
member is eligible to participate on the basis of reemployment.
