Sec. 26.05.229. Definitions.

295 words·~1 min read·/ak/title-26/chapter-5/26-05-229

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In AS 26.05.222 — 26.05.228,

(1)“beneficiary” means a person designated by a member in a writing filed with the system by the member while alive to receive benefits that may be due from the system upon the death of the member;

(2)“member” means a commissioned or warrant officer or an enlisted person in the Alaska National Guard or Alaska Naval Militia;

(3)“qualified domestic relations order” means a divorce or dissolution judgment under AS 25.24 , including an order approving a property settlement, that

(A)creates or recognizes the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable with respect to a member;

(B)sets out the name and last known mailing address, if any, of the member and of each alternate payee covered by the order;

(C)sets out the amount or percentage of the member's benefit, or of any survivor's benefit, to be paid to the alternate payee, or sets out the manner in which that amount or percentage is to be determined;

(D)sets out the number of payments or period to which the order applies;

(E)does not require any type or form of benefit or any option not otherwise provided by AS 26.05.222 — 26.05.228;

(F)does not require an increase of benefits in excess of the amount provided by AS 26.05.222 — 26.05.228, determined on the basis of actuarial value; and

(G)does not require the payment, to an alternate payee, of benefits that are required to be paid to another alternate payee under another order previously determined to be a qualified domestic relations order;

(4)“system” means the Alaska National Guard and Alaska Naval Militia retirement system.