Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go,® the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 2 . Administration
Chapter 37 . Public Information
Section 260. Prescribed rates of interest

2 AAC 37.260. Prescribed rates of interest

(a) The prescribed rate of interest that accrues on an indebtedness owed to the national guard/naval militia retirement system (AS 26.05) is seven percent compounded semiannually on June 30 and December 31 of each year.

(b) Interest shall be charged on amounts owed to the national guard/naval militia retirement system by a member, survivor, or beneficiary if the amount owed is the result of erroneous information supplied by the member, survivor, or beneficiary, or if the member, survivor, or beneficiary had reasonable grounds to believe that the amount of the benefit was in error. Interest accrues from the date on which the correct payment was due and continues until an actuarial adjustment to the benefit is effective or the amount owed is paid.

(c) The prescribed rate of interest that accrues on an amount owed by the national guard/naval militia retirement system to a member, survivor, or beneficiary of the system is seven percent compounded semiannually on June 30 and December 31 of each year. Interest accrues from the date on which the correct payment was due and continues until an actuarial adjustment to the benefit is effective or the amount owed is paid.

History: Eff. 11/28/86, Register 100

Authority: AS 26.05.222

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006