Alaska Statutes 39.35.395 – Voluntary contribution benefit
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The balance of the employee’s savings account shall be paid in one of the following options as elected by the employee:
Terms Used In Alaska Statutes 39.35.395
- 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.