Alaska Statutes: AS 39.35.790. Vesting.

Alaska Statutes. Title 39. Public Officers and Employees Chapter 35. Public Employees' Retirement System of Alaska Section 790. Vesting.

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AS 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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