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Title 2 . Administration
Chapter 35 . Public Information
Section 835. Assignment of a portion of an employee contribution account to an alternate payee

2 AAC 35.835. Assignment of a portion of an employee contribution account to an alternate payee

(a) A terminated non-vested or vested employee, whose rights to benefits are subject to a qualified domestic relations order, may elect to receive a refund of the pro-rata portion of the employee contribution account, but only if the alternate payee also elects to receive a refund of the alternate payee's pro-rata portion of the employee contribution account.

(b) A refund of employee contributions irrevocably voids the qualified domestic relations order (QDRO).

History: Eff. 1/7/2001, Register 159

Authority: AS 39.35.040

AS 39.35.042

AS 39.35.500

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Last modified 7/05/2006