Alaska Statutes 39.30.153 – Repayment of contributions
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Terms Used In Alaska Statutes 39.30.153
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
Upon termination of employment the amount held on behalf of a terminating employee in the employee’s individual employee annuity account shall be paid to the employee under the terms of the State of Alaska Supplemental Annuity Plan.