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(a) A monthly payment from a pension, annuity, or similar periodic payment plan that is deductible under AS 23.20.362 will be multiplied by 12 and then divided by 52 to determine the weekly amount to be deducted.
(b) A lump sum payment for severance, termination, wages paid in place of dismissal notice, sick leave, holiday or unused vacation, or a pension or annuity will be attributed to the week in which the payment is received.
(c) Repealed 1/18/97.
(d) The weekly amount determined in (a) of this section will be multiplied by the percentage of the insured worker's contribution to the pension plan. The resulting amount is attributable to contributions of the insured worker under AS 23.20.362 (b) and is not deductible from benefits for the week. If the insured worker contributed to a pension paid under the Social Security Act, no part of a payment from that pension is deductible from benefits for the week.
(e) A payment is not deductible from benefits under AS 23.20.362 unless it is paid
(1) by a base period employer of the claimant; or
(2) from a fund contributed to or maintained by a base period employer of the claimant.
History: Eff. 10/25/68, Register 27; am 8/20/70, Register 35; am 11/7/80, Register 76; am 3/27/82, Register 81; am 3/24/85, Register 93; am 4/11/90, Register 114; am 4/28/95, Register 134; am 1/18/97, Register 141
Authority: AS 23.20.045
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Last modified 7/05/2006