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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Any election or any alteration or revocation of a prior election by a participant for any purpose under this plan shall be on forms or made in a manner prescribed for that purpose by the plan administrator. To be effective, the forms required or the required action for any purpose under this plan must be completed and received in accordance with regulations adopted by the commissioner of administration.
(b) At any time, but not less than seven days before the distribution commencement date, a member, alternate payee, or beneficiary may change
(1) the form of payment election;
(2) an election to commence benefits; or
(3) the joint annuitant designation.
(c) Changes in elections are not allowed on or after seven days before the distribution commencement date.
Cite this article: FindLaw.com - Alaska Statutes Title 14. Education, Libraries, and Museums § 14.25.430. Manner of electing distributions - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-14-education-libraries-and-museums/ak-st-sect-14-25-430/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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