Sec. 39.35.541. Actuarial reduction of benefit.
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Sec. 39.35.541. Actuarial reduction of benefit.
(a)If, as a result of service credit claimed for which there is a corresponding indebtedness existing at retirement, the member's retirement benefit is actuarially reduced and the resultant benefit is less than it would have been if the service credit had not been claimed, the retirement benefit shall be equal to the amount it would have been had the service credit not been claimed.
(b)This section does not apply to an election to use service credit and a corresponding indebtedness under AS 39.35.340 (i).